The successful entrepreneur and founder of Howley Financial Group sat down to discuss the nature of the financial business and the importance of making sound choices for retirement.
NAPLES, FL / ACCESSWIRE / May 28, 2021 / It is with great enthusiasm that financial advisor Jack Howley, founder, and president of Howley Financial Group, announces that he is the subject of a new interview. The interview, which was conducted by an online periodical aimed at businesspeople and entrepreneurs, touches on a wide array of topics ranging from the impact of the COVID-19 pandemic on the financial industry to the misconceptions some people have about the relationship between qualified retirement plans and taxes.
Early on in the interview, upon being asked about a trend that excites him, Jack Howley responds by pointing to how COVID-19 and the accompanying government shutdowns of 2020 affected the finances of average Americans. "People have historically saved too little. What I've been reading is that as a result of COVID, people are saving more because they're not spending it. They're not going out as much, they're tightening their belts a little. That's a good thing because people have a tendency to spend much more than they should," he says, adding that it's a useful trend psychologically, as it makes people feel better about themselves and their futures by seeing more money in their accounts.
Further along in the piece, Jack Howley shares his philosophy on qualified retirement plans and taxes, remarking on the fundamental misunderstanding that leads some people to make questionable decisions about their finances. "I always tell people that there's not a qualified retirement plan in America that saves taxes, and they think I'm crazy," he says. "People are putting $19k every year into a 401k and they think they're saving $6k in taxes. They may be currently saving tax, but then that money is locked up until they're almost 60, and they're still going to pay taxes on it. That $19k would've grown to $60k and now they're going to be paying $20k in tax and only saved $6k."
To learn more about Jack Howley and his insights into personal finance, please visit: jack-howley.com.
About Jack Howley:
Jack Howley is an entrepreneur, financial advisor, and the founder of Howley Financial Group. He is an expert in assisting corporations and individuals meet their wealth creation and protection objectives, with more than forty years of relevant experience representing the top 1% of the industry. In college, Jack Howley studied finance and marketing. After graduating, while looking for a purpose in life, a fateful meeting with a man named Al Ferrara helped push him into insurance and financial services.
In 1986, Jack opened his own financial firm. His business model is unique, outlining 27 different areas of protection, savings, and growth in what he calls an "MRI of money." The idea is to integrate the complex concepts of retirement planning, estate planning, tax strategy, and insurance in order to formulate a comprehensive plan for his clients, all the while making the complicated world of personal finance more understandable. He spends his time between Naples, Florida and Rumson, New Jersey.
SOURCE: Howley Financial Group