SET WEALTH INC LLC
BOCA RATON, FLORIDA

We've built our firm on lifelong relationships rooted in performance and trust. SET Wealth, Inc. At SET Wealth, we’re committed to helping you work toward achieving the retirement want. We do this by providing guidance to help you develop an overall retirement income strategy, and offering a variety of insurance products to help achieve the objectives of that strategy. The team at SET Wealth is here to help ensure you receive all the assistance you need, not only in developing your retirement income strategy, but in maintaining it throughout your retirement. As president of SET Wealth, Steven is focused on helping clients work toward their retirement dreams through a well-planned strategy. Steven started his career with PaineWebber and Company Stock Brokerage and also was publisher of two magazines. He later sold one magazine to the Los Angeles Times and the second to The Miami Herald. He truly enjoys providing valuable financial solutions to clients who are approaching or already in retirement. Steven studied both business administration and business finance at The University of Maine. His strong commitment to his clients and their financial needs forms the foundation of SET Wealth. Modified endowment contracts were created in 1988 as the result of Congress attempting to curb the use of a popular life insurance tax shelter. Life insurance had been blessed by Congress with tax-free growth, tax-free death benefits, and tax-favored withdrawals. Many life carriers tried to take advantage of this feature in the late 1970s by offering single-premium universal life products that featured substantial cash value accumulation (these were the predecessors of today’s modified endowment contracts). Policy owners could then withdraw both the interest and principal as a tax-free loan, as long as the policy did not lapse before the owner's death. Of course, this strategy effectively allowed the policy to function as a large-scale tax shelter. Investors were placing their assets into these contracts and were essentially avoiding all taxes on all of the gains forever. As mentioned before, the index crediting method provides an opportunity to make higher interest rates than traditional crediting methods in a low interest rate environment. Currently equity index universal life and modified endowment contracts offer more attractive crediting methods than index annuities. It is not uncommon to find contracts that offer annual point-to-point crediting methods with very attractive double-digit caps. Annual point-to-point typically includes a reset feature that will lock in the gains in the “up years” and reset the index value each year. So, in the “down years,” interest is earned from a new, lower starting point. A cap is a limit on the amount of interest that will be credited. At SET Wealth, we offer you the following services: At SET Wealth Inc., we’re committed to helping you work toward achieving the retirement you want. We do this by providing guidance to help you develop an overall retirement income strategy, and offering a variety of insurance products to help achieve the objectives of that strategy. It’s never too late to take the first step or get a second opinion. If you can envision the life you want to lead, we can help you develop a strategy to keep you on the path to your goal. Let us help you take control It is important to feel you have control over your future. At SET Wealth, we offer our experience and knowledge to help you design your own strategy for financial independence. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.