Financial professionals have a lot of ground to cover when helping clients put a comprehensive financial strategy in place. They help clients with retirement planning, legacy planning, family protection, liquid emergency funds, college savings for children, etc. And most clients are happy to discuss these important financial strategies. But one topic that often fails to…
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How can a fixed index annuity help you with health costs, specifically certain long-term care expenses? Nowadays, many fixed index annuity contracts come with a provision called a wellness benefit. In some situations where you need certain kinds of long-term care, the income from your annuity can be “enhanced” for a certain time period. Your…
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If you are 65 years old or older, then you are eligible to enroll in Medicare. Medicare is the federally subsidized healthcare program for senior citizens. It’s run by the Centers for Medicare and Medicaid Services (CMS). Funding for this program comes from three separate sources. One is the taxes you pay for Social Security…
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You may have heard of capital preservation strategies at some point or another when planning for retirement. But what is capital preservation exactly? What could it mean for your overall financial plan? Here’s a quick look at what capital preservation involves – and why it becomes more important as people move into retirement and beyond. What Is Capital…
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Could annuities be a good investment for retirement? If you could have more peace of mind or your plan could be stronger from having contractual guarantees in it, such as guaranteed income for life, then it’s good to consider an annuity. What about saving for retirement? If you are taking advantage of contributions to retirement…
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Are you at or near the point of needing principal protection? Not everyone has the same psychology of investing, but many people start tapping the brakes on their tolerance for risk as they near retirement. While financial markets had some history-making moments in the 2000s, they saw never-before-swings in 2020. Because of the economic and financial…
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Almost as soon as Joe Biden was elected President, he announced his intention for an aggressive tax plan. Now the Biden tax proposal has been unveiled. Among other things, it would raise taxes on the wealthy and use that money to help pay for new developments in the United States’ infrastructure, family plans, and educational system.…
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Did you know that if you’re unhappy with your Medicare Advantage Plan (Medicare Part C), you have options? Each year, there’s a Medicare Advantage Open Enrollment Period from January 1 – March 31. During this time, if you’re in a Medicare Advantage Plan and want to change your health plan, you can do one of these: Switch to a…
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Retirement is a major event after many years of work. It marks the time when you end your career and begin the next chapter of your life. But sometimes retirees discover that they haven’t prepared as much as they could have for this transition. Just on the financial side, there are many pieces to set…
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Healthcare spending in retirement has already been a hotbutton financial issue for some time. But the Covid-19 pandemic has turned the healthcare industry on its head. According to an article on healthcare publisher FierceHealthcare.com, PricewaterhouseCoopers says it’s hard to tell what may be ahead for future healthcare spending. The professional services firm recently unveiled a…
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