This document discusses consumer driven health care and high deductible health plans with health savings accounts (HSAs). It provides examples of how HSAs can save individuals and families money on health insurance premiums and taxes compared to traditional plans. The summaries are:
1) HSAs are tax-advantaged accounts that allow individuals to pay for medical expenses with pre-tax dollars, saving on taxes. Any unused funds roll over year to year and can be invested for continued tax-free growth.
2) Examples show HSAs can significantly lower insurance costs for individuals and families through lower premiums compared to plans with copays and richer benefits. Savings grow over time through tax-free contributions and investment returns.
3
Importance of understanding your finances, your income and understanding your pay stub are covered in Part 1 of the of the 6-part Money Matters series created by the Athens-Clarke County Library. Money Matters is part of Smart investing @ your library®, and is brought to you by a joint grant from the American Library Association and FINRA, the Financial Regulatory Authority Foundation.
Creating a budget is Part 2 of the 6-part Money Matters class, created by the Athens-Clarke County Library. Money Matters is part of Smart investing @ your library®, and is brought to you by a joint grant from the American Library Association and FINRA, the Financial Regulatory Authority Foundation.
Importance of understanding your finances, your income and understanding your pay stub are covered in Part 1 of the of the 6-part Money Matters series created by the Athens-Clarke County Library. Money Matters is part of Smart investing @ your library®, and is brought to you by a joint grant from the American Library Association and FINRA, the Financial Regulatory Authority Foundation.
Creating a budget is Part 2 of the 6-part Money Matters class, created by the Athens-Clarke County Library. Money Matters is part of Smart investing @ your library®, and is brought to you by a joint grant from the American Library Association and FINRA, the Financial Regulatory Authority Foundation.
Top 10 charitable planning strategies for financial advisors 2020Russell James
This presentation gives the top approaches to helping your clients and growing your practice using charitable planning with special tips related to the new tax law. Participants will learn how to provide tremendous benefit to clients, while improving their own assets under management, with charitable planning. Topics include gifts from retirement plans, gifts of appreciated assets, the use of private foundations, and life insurance.
Life Insurance & Charitable Remainder TrustsRussell James
A lecture on tax planning that combines life insurance with charitable remainder trusts, specifically through use of an irrevocable life insurance trust (ILIT)
Using Life Insurance in Charitable PlanningRussell James
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
While retirement may be years away, planning for it can start now. The fundamentals of retirement income planning are presented along with strategies to help insulate a portfolio from possible inflation and deflation while increasing portfolio income to fund a sustainable retirement lifestyle.
This is an opportunity that the american people can learn how to bank like a bank. Think when the back close they don\'t use no one to move money. They use a sophisticated software solutions to move and grow money. They use a Mathematical Algorithm. So, if a bank uses Algorithms to build wealth why can\'t the consumer can use an Algorithm to save money and build wealth. Contact me I can show you how you can do this just with your income you bring home now.
Top 10 charitable planning strategies for financial advisors under the new ta...Russell James
This presentation gives the top approaches to helping your clients and growing your practice using charitable planning with special tips related to the new tax law. Participants will learn how to provide tremendous benefit to clients, while improving their own assets under management, with charitable planning. Topics include gifts from retirement plans, gifts of appreciated assets, the use of private foundations, and life insurance.
Top 10 charitable planning strategies for financial advisors 2020Russell James
This presentation gives the top approaches to helping your clients and growing your practice using charitable planning with special tips related to the new tax law. Participants will learn how to provide tremendous benefit to clients, while improving their own assets under management, with charitable planning. Topics include gifts from retirement plans, gifts of appreciated assets, the use of private foundations, and life insurance.
Life Insurance & Charitable Remainder TrustsRussell James
A lecture on tax planning that combines life insurance with charitable remainder trusts, specifically through use of an irrevocable life insurance trust (ILIT)
Using Life Insurance in Charitable PlanningRussell James
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
While retirement may be years away, planning for it can start now. The fundamentals of retirement income planning are presented along with strategies to help insulate a portfolio from possible inflation and deflation while increasing portfolio income to fund a sustainable retirement lifestyle.
This is an opportunity that the american people can learn how to bank like a bank. Think when the back close they don\'t use no one to move money. They use a sophisticated software solutions to move and grow money. They use a Mathematical Algorithm. So, if a bank uses Algorithms to build wealth why can\'t the consumer can use an Algorithm to save money and build wealth. Contact me I can show you how you can do this just with your income you bring home now.
Top 10 charitable planning strategies for financial advisors under the new ta...Russell James
This presentation gives the top approaches to helping your clients and growing your practice using charitable planning with special tips related to the new tax law. Participants will learn how to provide tremendous benefit to clients, while improving their own assets under management, with charitable planning. Topics include gifts from retirement plans, gifts of appreciated assets, the use of private foundations, and life insurance.
Retirement Planning- Case studyPart 1A) SMART Goal Setting.docxronak56
Retirement Planning- Case study
Part 1
A) SMART Goal Setting
Specific
What: They should to achieve debt freedom and save enough money before age 65. They supposed to decrease his daily expense to save more money, to pay off the current loan and some credit debts. Then they need to start RESPs for their children.
Why: Their Net cash flow was negative, it means they have more expense than income. They must find a way to solve these problem, even through they have 308879.63 net worth, but it is useless. They have too many loan and mortgage need to repayment.
Where: They should focus on house mortgage first, because that $300000 mortgage with interest rate is 4.75%.
Who: their children. When they do this financial planning, their kids is inherently involved in.
Which: They have some constraints which is that they need to pay education for kids, they have economic pressure, so saving money is hard thing for them.
Measurable:
They want to save $2000 per month to pay off their mortgage $1897.57 monthly.
Achievable:
We suggest saving money from Entertainment and Transportation.
· Yearly expense
Travel $120, Activities $360, Alcohol $120 totally is $600
We also can decrease expense form car insurance, Colin and Jill can use one car and suspend the car insurance saving $1440 yearly.
They already saving $2040 for one year.
Realistic:
That is realistic because they can easily to save money form their income, they need to know how to budgeting their money, especially they already have two kids.
Time-Limited:
They will save money form their daily life for $2040 for one year, their yearly mortgage is $1897.57*12= $22770.84, they need to saving 10 years money to pay off one year mortgage.
B) Cash Flow Statement & Net Worth Statement
According to the expense statement for retirement planning, I estimate the expense after Colin and Jill retirement is $28546.68. It means they need income after tax is same amount.
Electricity/water: When they are after 65 year old, they should sleep so early that compare with before. That’s why their electricity usage rate is going down. Change $150 to $100 per month
Internet: they don’t use internet after 65 years old, because they always watching TV or reading book, no time to use internet. Change $100 to $50 per month
Groceries: it will change some because they want to be health, and will buy many nourishment and fruits,and more milk. Not changed.
Eat-out: eat-out cost will be decrease, they usually cook at home. Change $100 to $50 per month
Colin&Jill car insurance: They don’t need two cars for driving, so they can just drive one car with one car insurance, so the cost will be decrease. Decrease $110 per month
Gas fee: gas cost also decrease because two cars in stead of one car.
Medical: Colin has high blood pressure, his medicines cost will increase.
Travel: Colin and Jill like to long-distance travel every month,so that’s why travel cost is increased. Change $50 to $ ...
hw5DescriptionUse the information below to answer .docxadampcarr67227
hw5
Description
Use the information below to answer the questions.
Instructions
You have just graduated from ACME State with a degree in Diesel Technology. Your new job takes you to Toledo, Ohio. You are now earning $35,000 per year. Your take home pya is 70% of that gross toal. You are anxious to purchase a home. You have the following monthly expenses:
Food $275
Utilities $145
Phone $75
Medical $30
Insurance $130 (including auto, health and life)
Clothing $70
Student loan payment $145
VISA payment $65
MasterCard Payment $48
Car payment $211
Miscellaneous $100
Total $_______
Multiple Attempts
This test allows 3 attempts. This is attempt number 1.
Force Completion
This test can be saved and resumed later.
QUESTION 1
1. First calculate your monthly take-home pay. Next, add up the budgeted monthly expenses shown above. How much remains for a monthly mortgage PITI payment (PITI = principal, interest, taxes, insurance)?
$1,622,67
$2,916.67
$747.67
$2,041.67
1 points
QUESTION 2
1. Assume that taxes and insurance (T&I) amount to $70 per month. How much remains to pay monthly mortgage principal and interest (P&I)? (Hint: Use your answer from the previous question)
$1,552.67
$795.67
$677.67
$1,971.67
1 points
QUESTION 3
1. Using the answer to the above question calculate the size of the mortgage loan you could obtain. Assume a 30-year loan at 7 percent annual interest.
$101,858.93 mortgage
$112,380.46
$119,494.52
$131,497.99
1 points
QUESTION 4
1. Using the answer from the above question, and assuming you have 10 percent of the purchase price, what is the most you could pay for a home?
$126,666,67
$134,444.44
$113,176.59
$101,858.93
1 points
QUESTION 5
1. Assuming you do not pay the mortgage off early, how much interest will you pay the lender over the life of the 30 year loan if you payment is $677.67 per month and the mortgage loan was for $107,460?
2.
$136,501.20
$134,587.94
$125,682.57
$140,520.60
1 points
Click Save and Submit to save and submit. Click Save All Answers to save all answers.
hw4
Description
Use the following information to answer all of the questions.
Instructions
Scenario:
Mortgage Loan = $150,000
Loan length = 30 years
Interest rate = 6% annually
Multiple Attempts
This test allows 3 attempts. This is attempt number 1.
Force Completion
This test can be saved and resumed later.
QUESTION 1
1. What will be the monthly mortgage payment?
2.
$899.33
$857.23
$908.17
$895.46
1 points
QUESTION 2
1. Assuming you do not pay the loan off e.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
1. CONSUMER DRIVEN HEALTH CARE
Are You Up to Speed?
Presented By:
John V. Stewart, MSM, CDHC
Stewart’s Insurance Depot
S.E. Georgia 912.434.2090
N.E. Florida 904.729.4025
Metro Indianapolis, IN 317.570.1271
Metro Cincinnati, OH 513.868.0040
Nationwide 866.203.5097
3. Stewart's Insurance Depot
Consumer Awareness
Some myths and facts:
Health insurance companies make lots of money on us!
Fact: Health Insurance Companies make 3 cents on
every dollar.
Fact: The insurance industry is the only industry
required by law to make a profit.
So where does our insurance dollars go?
3
4. Stewart's Insurance Depot
So where does our insurance dollars go?
If 87 cents of every major medical insurance dollar goes to covering us, what can I
do to help control my costs and keep my insurance premiums as low as possible?
4
5. Stewart's Insurance Depot
Your personal Survey on Major Medical Insurance
Cost savings start with what kind of major medical plan I am looking to purchase.
The plan will cover with ages of:
I would like a ( local, regional or national ) insurance carrier
What amount do I want to pay as a deductible?
Do I want a coinsurance amount (what % 90/10, 80/20,
70/30, 50/50)?
How many times a year do I go to the doctor?
Do I want a plan that has doctor copays?
How many prescriptions do I purchase a year?
Do I want a plan that has prescription drug coverage?
Do I want a tax advantage plan with qualifying high
deductible insurance? Y or N
How much am I willing to put into an HSA account/year?
5
6. Stewart's Insurance Depot
How much do you want to spend on Major Medical Insurance?
George Ready (Age 30) 32034
Single
Plan Type Deductible Coinsurance Total Out of Pocket Copay Premium % Cost Difference Cost of Copay/year
Saver $2,500.00 $3,000.00 $5,500.00 N/A $70.80 Base of % Base No Copay
80% Plan $2,500.00 $3,000.00 $5,500.00 N/A $106.68 33.63%
Copay Plan $2,500.00 $3,000.00 $5,500.00 $35.00 $110.57 35.97% $477.24
100% Plan $2,500.00 $0.00 $2,500.00 N/A $127.09 44.29%
Single HSA * $2,500.00 $0.00 $2,500.00 N/A $128.02 44.70%
Nancy Ready (Age 30) 32034
Single
Plan Type Deductible Coinsurance Total Out of Pocket Copay Premium % Cost Difference Cost of Copay/year
Saver $2,500.00 $3,000.00 $5,500.00 N/A $91.94 Base of % Base No Copay
80% Plan $2,500.00 $3,000.00 $5,500.00 N/A $140.08 34.37%
Copay Plan $2,500.00 $3,000.00 $5,500.00 $35.00 $166.98 44.94% $900.48
100% Plan $2,500.00 $0.00 $2,500.00 N/A $165.13 44.32%
Single HSA * $2,500.00 $0.00 $2,500.00 N/A $167.91 45.24%
George Ready & Family (Parents Age 30) 32034
Plan Type Deductible Coinsurance Total Out of Pocket Copay Premium % Cost Difference Cost of Copay/year
Saver (2) $5,000.00 $6,000.00 $11,000.00 N/A $268.83 Base of % Base No Copay
80% Plan (2) $5,000.00 $6,000.00 $11,000.00 N/A $270.68 0.68%
Copay Plan (2) $5,000.00 $6,000.00 $11,000.00 $35.00 $506.15 46.89% $2,847.84
Plan 100 (2) $5,000.00 $0.00 $5,000.00 N/A $481.89 44.21%
Family HSA (1)* $5,000.00 $0.00 $5,000.00 N/A $451.67 40.48%
Gearge Ready & Wife (Age 60)
32034
Plan Type Deductible Coinsurance Total Out of Pocket Copay Premium % Cost Difference Cost of Copay/year
Saver (2) $10,000.00 $6,000.00 $26,000.00 N/A $285.72 Base of % Base No Copay
80% Plan (2) (2) $10,000.00 $6,000.00 $26,000.00 N/A $374.78 23.76%
Copay Plan (2) $10,000.00 $6,000.00 $26,000.00 $35.00 $445.28 35.83% $1,914.72
Plan 100 (2) $10,000.00 $0.00 $20,000.00 N/A $443.43 35.57%
Family HSA (1)* $10,000.00 $0.00 $10,000.00 N/A $521.38 45.20%
() Indicates number of persons needed to meet deductible requirement
* HSAs have benefit of a health savings account and tax deduction of income and 0 tax when used for IRS acceptable major medical procedures and Rxs
Note: the plans outside the HSAs and 0 coinsurance plans have larger out-of-pockets
Look what it costs to have an office visit copay and other bells and whistles.
Note: rich benefit plan 6
8. Stewart's Insurance Depot
Why HSA Qualified Plans?
• You are in control of how you use your health care dollars.
• Become more involved in managing your cost of care.
• Learn how to shop for the best prices for your care.
• Your tax-advantage contributions to your HSA account grow over
time.
• It is your money to use tax-free for qualified medical expenses.
• There is no “use it or lose it” philosophy. If you don’t use it, save it
for next year. Or better yet, for retirement.
• After age 65, HSA funds can be used for non-qualified expenses and
only income tax is assessed.
From HSABank website 8
9. Stewart's Insurance Depot
An HSA Growth Illustration
Income tax reduction anyone? The Happy family with George age 30 and Susan age
30 have changed from a conventional major medical
Contribution 2011 Limits Single Family plan to a High deductible HSA qualified family plan.
Minimum Deductible $1,200 $2,400 No kids yet, but who knows…. Remember
HSA/HDHP family plans; all insured members have
Maximum Out-of-Pocket $5,950 $11,900
access to these funds for medical expenses as
Contribution Limit $3,050 $6,150
allowable by the IRS. When George and Susan
Catch-up Contribution (55 or older) $1,000 $1,000 convert to Medicare at age 65, here is what they
have.
Estimates Below for this illustration:
Enter your average contribution per year: $ 4,000.00
Enter your average medical expenses per year: $ 850.00
How many years will your account accumulate? 35
Enter your federal tax bracket: 28%
Enter your state tax: Florida no state income tax
Enter your bank interest rate: 3%
Results of the Happy family having a HDHP/HSA:
Future Value Calculator
Net Contributions: $110,250.00
Net Contributions Per Year: $3,150.00
Tax Savings on Contributions: $30,870.00
Tax Savings on tax-deferred growth: $22,457.56
Future Value: $190,455.56 From HSABank website
9