Jose Anaya, Financial Services Professional with Nylife Securities LLC

These three steps will help you legally protect your business.

When it comes to the election, one of the best things investors can do for their portfolio is to leave politics out of it. Learn why when it comes to the historical performance of markets, the political party in charge makes little to no difference.

All treats no tricks. New York Life is hosting a virtual Halloween event on 10/31 with the Story Pirates. It’s a free, fun and, most of all, safe way to celebrate Halloween with your kids. RSVP today. https://nylife.zoom.us/w/register/WN_FOfxQS6XScWJO_EY8Yf-QA

Join us on Wednesday, October 28, 2020 at 2:00pm ET for a complimentary workshop on planning issues and the current low interest rate environment, favorable transfer tax and income tax system. Practical strategic wealth planning options will be discussed so you can take action now to protect your wealth and provide for the financial well-being of your family and loved ones! Make sure you register today to reserve your spot! https://nylife.zoom.us/w/register/WN_ssjtY9uxRK6OehaSzq8mFA

For everyone who lost their home. Some concrete steps to follow in order to maximize insurance coverage. This is so helpful. Start with the small list: 1. Get a... PO Box 2. Longer term rental search - include insurance on it so they pay directly for rental. Find a nice place that you like, don't settle. You should be able to get a "Like Property" so insurance should cover a nice place for you to live while you work through all this. You might be living here for 2 years, so choose wisely. 3. Find a place to buy some sturdy boots and gloves. Get some shovels. 4. Start working on the personal property list (this is not fun at all, be prepared to cry we sure did). Write down the moment you remember keep list on phone or pad of paper with you at all times. 5. Save receipts. Loss of use insurance will cover incidentals too hairbrush, phone chargers, etc. 6. As you buy things, tell the store owner your situation. Most stores will give you some level of discount as their way of helping you. 7. Let people do things for you. Do you have a friend that you can send to the store to buy you some basic clothes or comfort foods? Let them do it they want to help and you don’t need to spend time doing these errands. (The ‘fun’ of shopping is goneit quickly becomes a chore because you don’t want a new shirt, you want the one that you always liked to wear but now it’s gone and you are sad/mad.) The Big List: 1. Register at the shelters, with Red Cross and any other agency there, california FEMA, etc. a. Most of the aid coming in will use these lists as a point of contact and will help to ensure that you don't get left out of anything. b. This will be especially important should FEMA be activated, which in my opinion is very likely with the amount of devastation experienced. 2. Call Homeowners/Rental insurance to trigger "Loss of Use" . This typically will allow you to be in a "Like" property for x number of years and sometimes has a dollar limit attached and sometimes not, this is dependent on your policy. a. This coverage should also give you some immediate access to funds for essentials, clothes, toothbrushes, food, etc. b. This will also get the ball rolling for the insurance claim on your home and rebuilding/personal property Dollars. 3. Get a PO Box and forward all mail to the Box. . Use this PO Box as the mailing address on all forms you begin to fill out. 4. Start Searching for a Long term rental. . Coordinate with your insurance company so that payments can be made directly from them using your Loss of Use money. a. Plan on renting 1-2 years, but do not necessarily sign a lease for a full two years as circumstances can change. 5. Itemized List of belongings - (This is very hard but very necessary for your claim) . I would organize by room and list everything that was there with a replacement cost. (you will cry a lot doing this and that is ok) a. Replacement Cost should be what it would cost to replace not on sale from pottery barn, it should not be the price you paid for it with that 50% off coupon. b. Make sure you list everything, even if it is above and beyond your policy limit. This is very important because everything above and beyond the policy limit is considered a Loss and can be claimed as such on your taxes - See #9 6. Call all of your utilities and either freeze or cancel service. . Electric, Gas, TV, Land Line phone a. Newspaper delivery, either cancel or update to PO Box. 7. Call the rest of your insurance points as needed. . Car insurance a. Any specialty insurance for unique items 8. Permits - An unfortunate necessity. . Debris Removal - as things wind down it will be necessary to remove the debris, this requires a permit usually. (This should be covered by your insurance, we had to force the issue but ask repeatedly.) a. Erosion Control - If you are on any kind of hill or have sloped property you will need to put some sort of erosion control measures in place, again this will need some sort of permit. b. Temporary Power Pole/Trailer on site Permit - Getting this earlier on can prove helpful in both the rebuilding process. 9. Taxes . You will be able to claim the monetary loss of the value of all your items minus what you receive from your insurance company. I’m unfamiliar with the exact laws, but I believe that we were able to carry our losses back 2-5 years and received most of the money that we had paid in taxes back in a nice large check. 10. Network with others. You will learn so much from others as you go through the rebuilding process. We all have our strengths so share yours and use others. The amount of time that you will spend on the rebuild, insurance, recovery process is staggering so you need to use all your resources. Please share!!

There isn't a better feeling than helping people prepare for retirement, protect their family, and grow their wealth! I'd love to be a resource for you, your family, co-workers, and friends. We all know what a unique time this is so if you have questions about the Stock Market, Retirement Planning, or Life Insurance, I'm available to talk.

How to save money - Learn to start saving now.

We’re excited to offer the next webinar in our educational speaker series, The Power of Knowing. Join us on September 23, 2020 at 1PM PST to hear our featured speaker Ed Slott, CPA, share timely advice on cutting taxes both now and throughout your lifetime, as well as eliminating barriers to reaching your retirement dreams. To learn more about featured speaker Ed Slott, watch our video here. And register today! https://event.on24.com///1EDE13E1D685A977714C6EB5CB31168D https://players.brightcove.net//default_default/index.html

When you leave your job or retire, you have a decision to make regarding your 401(k) money. Click to learn more.

Diversifying investments is a common method used to help manage the risk of investments. Here are 5 strategies that can help you get started.

Small business owners, did you know there are ways to lower your effective tax rate?

Right now, customer retention is one of the keys to recovery. Here are three reasons why.

Even in times of uncertainty, our financial strength, diversified businesses, and mutuality allow us to put the interests of policy owners first.