Rightway Services is constantly working and committed to partnering with reputable companies to provide the premier business platform in financial services. We have a track record of making financial services accessible to people from all walks of life. We’ve removed the barriers, such as the need for a significant income or being unfamiliar with economic fundamentals, so families of all income levels can pursue financial security with our comprehensive strategies.

We have partnered with “Impact Leadership Network” ILN with a singular mission: to stand by you during life’s most challenging choices. As your trusted advisors, we ensure your financial matters are streamlined and well-maintained, allowing you to embrace your ideal life.

By partnering with ILN, Rightway Services can offer our clients access to leadership training programs to enhance their skills and abilities. This partnership also ensures that our clients have access to the latest knowledge and trends in the financial service industry, allowing us to provide the best possible solutions to meet your unique needs. We are committed to supporting our clients every step of the way and providing you with the tools and resources you need to achieve your financial goals.   

We are here to provide financial services in different fields.

  • 401K Roll-Overs

    • If you have a 401(k) from a previous job, you can transfer the savings into an IRA or another 401(k) with your new employer. This is called a 401(k) rollover. The good news is that you won’t have to pay taxes on the money you transfer in most cases. 
  • When faced with this situation, you have four options: 

1. Cash out your 401(k).

2. Leave the money in your old 401(k) and do nothing.

3. Roll over the money into your new employer’s plan.

4. Roll over the funds into an IRA.

If you decide to roll over the money, you have two options: a direct rollover or an indirect rollover. It’s always better to opt for the direct rollover. We’ll go through the advantages and disadvantages of each option.

  • Index Annuities

    • An indexed annuity is a type of contract that guarantees to pay an interest rate based on the performance of a specific market index, such as the S&P 500. It is different from fixed annuities, which offer a fixed rate of interest, and variable annuities, which base their interest rate on a portfolio of securities chosen by the annuity owner. Indexed annuities are also known as equity-indexed or fixed-indexed annuities.
    • Indexed annuities provide higher yields than fixed annuities in good financial markets, with some protection against market declines for annuitants.
    • Indexed annuity contracts often have a yield or rate cap that can limit the amount credited to the accumulation account. For instance, a 7% rate cap restricts the credited yield to 7%, regardless of how much the stock index has gained. Rate caps typically range from a high of 15% to as low as 4% and are also subject to change.

  • Term Insurance

    • Term life insurance is a specific type of life insurance policy that offers coverage for a predetermined period, known as the “term” of the policy. In the event of the insured person’s death during the term specified in the policy while it is active or “in force,” the policy pays out a death benefit.
    • Term insurance is typically much cheaper than permanent life insurance, such as whole life and universal life. The reason behind this is that term insurance is not meant to provide coverage throughout old age, which is when life insurance premiums are the highest. Additionally, term life insurance doesn’t accrue any cash value, unlike most types of permanent life insurance.
    • Insurance premiums can vary based on a few factors such as the policyholder’s age, the amount of payout, and the insurance company’s policies. Moreover, different policy features, such as living benefits and convertibility, can also affect the premium rates. Additionally, the policyholder’s health status, smoking habits, and other factors may also impact the premiums charged by the insurance company.

  • Retirement Planning

    • Many people have a concerning lack of knowledge about basic financial principles and concepts. Due to this, it is important for them to have access to resources and support that can help them make well-informed decisions to address the challenges they face today. It is undeniable that families across all income levels would benefit from preparing for both expected and unexpected financial situations.
    • At some point, many of us realize the importance of planning the hard way. Building toward financial freedom can be daunting, and too often, hard work isn’t being met with smart financial choices. Now is the perfect moment to experience the MONEY DISCOVERY process. The journey begins with a simple conversation about your financial goals.

    • Evaluate Financial Situation

      Debt

      Income

      Savings

      Retirement

      Taxes

    • Redirect Income & Expenses

      Meet Financial Goals

      Proper Protection

      Retirement Savings

      College Funds

      Emergency Funds

  • Key Person Insurance

    • Key person insurance is a type of life insurance that a company buys on the life of a top executive, owner, or another individual who is deemed essential to the business. The company is the beneficiary of the policy and pays the premiums. It is also referred to as “key man (or “keyman”) insurance,” “key woman insurance,” and “business life insurance.”
    • To determine whether a business requires this type of coverage, business leaders must assess who is essential in the short term. In many small businesses, it is the owner who handles most tasks, including bookkeeping, employee management, and managing key customers. Without this person, the business can come to a halt.

  • Children’s Savings Plans

    • Creating a savings plan for your child while they are young is an excellent way to prepare for the cost of education in the future. This can also help your child learn good money habits and develop long-term planning skills. To make the most of your savings plan, choose one that is suitable for your family’s needs and commit to sticking to it. Here’s how to determine the most effective ways to save and how much you should set aside annually.
    • It is crucial to start saving early for your child’s future, whether you aim to save for their education or build a nest egg for them as they approach adulthood. The ultimate objective you have in mind will help you decide on the most suitable child savings plan to establish.

  • Cash Value Life Insurance

    • Cash value life insurance is a permanent life insurance policy that lasts for the holder’s entire lifetime. It comes with a cash value savings component that can be utilized by the policyholder for various purposes, such as withdrawing or borrowing cash from it or even using it to pay policy premiums.
    • Life insurance policies have a cash value that earns interest and the accumulated earnings are tax-deferred. As the premiums are paid and interest accrues, the cash value increases over time. When the cash value increases, the risk borne by the insurer decreases, because the accumulated cash value balances a part of the insurer’s liability.
    • Cash value life insurance offers a way to save money for future needs. A part of each premium is put into an interest-bearing savings account, and the cash value grows tax-free over time. This cash can be used for a variety of purposes during the policyholder’s lifetime.

  • Permanent Life Insurance

    • Permanent life insurance offers lifetime coverage and a savings component that earns interest on a tax-deferred basis.
    • Premiums for permanent life insurance cover the cost of the policy’s death benefit and help the policy build cash value over time. The policy owner can use this cash value to borrow funds against it through a policy loan or withdraw cash outright. These funds can be helpful in meeting expenses such as medical bills or college tuition for a child.
    • Permanent life insurance policies are subject to favorable tax treatment. The cash value of the policy usually grows on a tax-deferred basis, meaning that policyholders don’t have to pay taxes on earnings as long as the money remains in the policy. Some money can also be withdrawn from the policy without taxation. Generally, withdrawals up to the total amount of premiums paid are tax-free. However, it’s important to note that taking cash value out of a permanent policy through a withdrawal or outstanding loan will decrease the future death benefit for heirs.

  • Final Expense Insurance Plans

    • Final expense insurance is a type of life insurance policy that is designed with a small death benefit and is relatively easy to obtain approval for. It is also referred to as funeral insurance, burial insurance, simplified issue whole life insurance, or modified whole life insurance. All of these terms refer to small whole-life policies that offer a face value, or death benefit, ranging from $2,000 to $35,000.
    • Final expense insurance can provide a relatively small but meaningful payout to loved ones after your death. It can be used to pay for the various, traditional services they wish to have, such as a funeral or memorial service.
    • Final expense insurance may be an option if you cannot afford regular insurance. It can alleviate the financial burden your death may place on others.

We can also help you with the following services through our affiliated partners.

  • Student Loan Negotiation

  • Credit Card Debt

  • Tax Debt