Our Services

7Streams Financial Planning serves executives, business owners, professionals and highly compensated individuals who share the desire to reduce their personal tax liability

Non-Qualified Deferred Compensation (NQDC) plans

Under Section 409A of the IRS Code allow one to contribute an unlimited amount of income to the plan each year on a pre-tax basis.  

NQDC plans operate like a 401k plan but have no contribution limits and require strict compliance with the Enrollment, Funding and Distribution Rules of Section 409A. Non-Qualified Plans.

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Voluntary Worksite Benefits

Voluntary/worksite benefits plans are 100% paid by the employee, who can choose which voluntary plans are best for their own situation. Some voluntary plans pay cash benefits directly to employees to cover living expenses, lost wages, copayments and deductibles.

 

Voluntary Plans, includes life, disability, dental and vision. Employers can provide a more robust workplace benefits package to employees without affecting their bottom line. Employees pay up to 100% for voluntary plans, but get the benefit of a group rate through their employer. We encourage employers to offer to offer voluntary benefits plans as a package for their employees. 

Personal Pension Plans

We help you eliminate market losses and retire with 50% more income. We’ve discovered an IRS approved way to safely grow your money, cut out the taxes, and protected your finances when the next market crash hits.

 

Whether you are just starting to plan for retirement or are nearing retirement, we can assist you with accumulating wealth and receiving distributions in retirement by setting up a personalized pension so that you will never run out of money. 

Non-Profit Entities

Non-profit entities are also allowed to provide a Non-Qualified Deferred Compensation Plan but these plans must comply with Code Section 457.

Short-Term Disability

If you find yourself unable to work, short-term disability insurance will provide cash to help ease the financial stress of a covered illness or injury.

 

This insurance pays benefits (i.e., a monthly amount that is a percentage of your gross income) for a period of time while you are disabled. 

Annuities

Today, we’re living an average of 10 years longer than we did in 1950. You may need retirement income that can last into your 80s, 90s, maybe even 100s. Annuities provide three things:

 

  1. Periodic payments for a specific amount of time.

  2. Death benefits. Your beneficiary receives a specific payment.

  3. Tax-deferred growth. You pay no taxes on the income and investment gains from your annuity until you withdraw the money.

Solutions for small business owners and their employees

There are several tax-free ways to save for retirement such as bonds or Roth IRAs, which have certain risks and limitations. They may either have a high risk or low returns, and some have contribution limits. One tax-free product that allows access to your cash value is an index universal life (IUL) insurance policy.

 

As long as your IUL policy is active, the cash you borrow from it does not have to be repaid. And, if you do not repay the policy loan, the loan balance will be deducted from the death benefit and the remaining benefit will be paid to the beneficiary. We will work with you to develop the right plan that meets your budget and coverage needs.

College Funding and Legacy Planning

College costs are rising than inflation, costing anywhere from $52,000 to $130,000 per year! There are many ways we can help you invest to fund a college education.

This is also why many think they cannot leave a legacy to their children. We can help you plan for both life events.

Accident and Critical Illness Plans

If you're sick or injured, the costs can really start to pile up. Our critical illness insurance can help with the treatment costs of life-changing illnesses and health events so you can stay focused on recuperation.

 

Critical illness insurance pays you cash for those costs not covered by your major medical insurance.

Let’s Plan.

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For each personal portfolio, we assist in helping develop financial strategies to generate revenue, protect your wealth, and secure your future.