The document discusses alternatives to long-term care insurance (LTCI) for covering long-term care costs, including self-insuring using personal savings and income, using life insurance policies that allow access to death benefits for long-term care costs, and applying for Medicaid assistance. It notes that while LTCI provides dedicated coverage for long-term care, it can be expensive with a risk of paying premiums without ever needing the insurance. The alternatives aim to use existing assets like life insurance or qualify for government aid through Medicaid to help pay for long-term care.
A Woman's Guide to Health Care in RetirementDolf Dunn
Health care in retirement can be one of the largest expense items for people, especially women. It is crucial you plan on these costs in your retirement budget. Need help? Give us a call.
This document discusses the role of life insurance in retirement planning. It notes that cash value life insurance can provide benefits if the policyholder dies prematurely, becomes disabled, or lives to retirement. At retirement, the cash value can be a source of income through lump sums, annuities, or withdrawals. It also details how life insurance protects income, grows tax-deferred, and allows flexible access to funds. The document outlines important facts about Social Security benefits and notes that personal savings are needed to bridge the gap between Social Security and other retirement income sources.
This document provides an overview of long-term care planning and insurance. It begins with introductory information and disclaimers. It then discusses the potential costs of long-term care based on average earnings over a career. Several facts about long-term care needs and costs are presented. Common misconceptions about who pays for long-term care are addressed. The benefits of long-term care insurance for protecting assets are described. Tax treatment of long-term care insurance premiums and benefits is summarized. Considerations for evaluating long-term care insurance policies are outlined. The document concludes by emphasizing the importance of financial management for writing one's life story.
HUSC 3366 Chapter 9 Health and Disability InsuranceRita Conley
This chapter discusses health and disability insurance. It covers the importance of health insurance, different types of health insurance plans such as private insurance, Medicare and Medicaid. It also discusses factors that influence the rising costs of health care such as administrative costs and use of expensive technologies. The chapter examines sources of disability income like employer policies and social security. It emphasizes choosing adequate health and disability coverage to protect income in case of illness or injury.
This document provides information about disability income insurance. It discusses the risks of disability and how disability can impact one's finances and ability to earn income. It then presents disability income insurance as a potential solution to replace income in the event of disability. The document provides checklists to help individuals estimate their needs for disability income, evaluate policy features, and take action to implement a disability income insurance plan.
http://ekinsurance.com/personal/how-to-buy-long-term-care-insurance/
Statistics indicate that over half of all people over age 50 will require long-term care.
The document discusses the importance of disability income planning and insurance. It notes that most people do not realize how much income they are expected to earn over their careers. It then highlights the risks of disability and average durations. The rest of the document provides examples of sources of funds during a disability, and suggests that disability income insurance can help replace income and maintain lifestyle. It includes a checklist for evaluating disability income policy features and benefits. The final pages provide a disability income action plan.
De Pere Area Chamber Affordable Care Act Presentation, JP Wieski, Wisconsin OCICheryl Detrick
Presentation on the Affordable Care Act given by J.P. Wieski, Legislative Liaison/Public Information Officer from the Office of the Commissioner of Insurance, State of Wisconsin to De Pere Area Chamber of Commerce on 9/11/13.
A Woman's Guide to Health Care in RetirementDolf Dunn
Health care in retirement can be one of the largest expense items for people, especially women. It is crucial you plan on these costs in your retirement budget. Need help? Give us a call.
This document discusses the role of life insurance in retirement planning. It notes that cash value life insurance can provide benefits if the policyholder dies prematurely, becomes disabled, or lives to retirement. At retirement, the cash value can be a source of income through lump sums, annuities, or withdrawals. It also details how life insurance protects income, grows tax-deferred, and allows flexible access to funds. The document outlines important facts about Social Security benefits and notes that personal savings are needed to bridge the gap between Social Security and other retirement income sources.
This document provides an overview of long-term care planning and insurance. It begins with introductory information and disclaimers. It then discusses the potential costs of long-term care based on average earnings over a career. Several facts about long-term care needs and costs are presented. Common misconceptions about who pays for long-term care are addressed. The benefits of long-term care insurance for protecting assets are described. Tax treatment of long-term care insurance premiums and benefits is summarized. Considerations for evaluating long-term care insurance policies are outlined. The document concludes by emphasizing the importance of financial management for writing one's life story.
HUSC 3366 Chapter 9 Health and Disability InsuranceRita Conley
This chapter discusses health and disability insurance. It covers the importance of health insurance, different types of health insurance plans such as private insurance, Medicare and Medicaid. It also discusses factors that influence the rising costs of health care such as administrative costs and use of expensive technologies. The chapter examines sources of disability income like employer policies and social security. It emphasizes choosing adequate health and disability coverage to protect income in case of illness or injury.
This document provides information about disability income insurance. It discusses the risks of disability and how disability can impact one's finances and ability to earn income. It then presents disability income insurance as a potential solution to replace income in the event of disability. The document provides checklists to help individuals estimate their needs for disability income, evaluate policy features, and take action to implement a disability income insurance plan.
http://ekinsurance.com/personal/how-to-buy-long-term-care-insurance/
Statistics indicate that over half of all people over age 50 will require long-term care.
The document discusses the importance of disability income planning and insurance. It notes that most people do not realize how much income they are expected to earn over their careers. It then highlights the risks of disability and average durations. The rest of the document provides examples of sources of funds during a disability, and suggests that disability income insurance can help replace income and maintain lifestyle. It includes a checklist for evaluating disability income policy features and benefits. The final pages provide a disability income action plan.
De Pere Area Chamber Affordable Care Act Presentation, JP Wieski, Wisconsin OCICheryl Detrick
Presentation on the Affordable Care Act given by J.P. Wieski, Legislative Liaison/Public Information Officer from the Office of the Commissioner of Insurance, State of Wisconsin to De Pere Area Chamber of Commerce on 9/11/13.
America's Retirement Safety Net and information for you to understand the social security, medicare and financial needs after retirement. For more topics you can visit our other flipbooks at http://www.ferrettafinancialservices.com/sitemap.htm .
Happy reading:-
A Guide to Supplemental Security Income (SSI) for Groups and Organizations Julie Wilson
This booklet explains the SSI program to help institutions, groups, and organizations that have contact with people who get, or may be able to get, SSI.
This document describes the Transamerica Retirement Income Plus variable annuity. It offers lifetime withdrawals with rates between 4-6.5% depending on age. The annuity simplifies retirement planning by reducing choices to investment selection and contribution amount. It aims to grow and protect retirement income through features like annual compounding when withdrawals are not taken. The annuity addresses challenges retirees face like rising lifespans, declining pensions, and low interest rates.
A married couple can lose $250,000 in Social Security benefits over their lifetime if they use the wrong claiming strategy. While most people think they should claim benefits as early as possible at age 62, waiting until full retirement age of 66 or 70 can result in higher monthly benefits. The document discusses several common myths about Social Security, such as that the program is going broke or that income from benefits is completely tax-free. It provides the realities of the current financial status of Social Security and rules regarding taxation of benefits. The summary aims to help readers understand important rules and strategies when planning for Social Security income during retirement.
The document provides information for UAMS employees preparing for retirement, including notifying HR of retirement plans, benefits after leaving employment such as health insurance and access to retirement savings, applying for Medicare and Social Security, and considerations for long-term care insurance and savings. Employees are instructed to schedule meetings with benefits consultants to discuss retirement options from various retirement plans and health insurance offerings.
Fraser Trebilcock teamed up with Lansing Regional Chamber of Commerce to present a free seminar to help employers keep up with changes related to Health Care Reform. This is the fourth presentation in the Business Education Series, titled "Navigating the ACA Marketplace: Guidance for Small Businesses and Individuals". Michael James, Senior Health Care and Business Attorney from Fraser Trebilcock, presented the keynote presentation.
Like most, unless you know someone who has been disabled, you may not see the value of Disability Insurance. You may think it won't happen to you, but if it does, you are vulnerable to lost income.
Recommendations for Getting a Larger Social Security CheckDavid Giertz
1) A study found that many Americans who rely on social security for retirement do not fully understand how the benefits are calculated.
2) Factors like the age at which someone begins collecting benefits impacts the monthly payment amount. Starting earlier leads to lower monthly payments compared to collecting at full retirement age or later.
3) The study recommends retiring individuals consult financial advisors who can help them understand how to maximize their social security benefits based on their individual situations.
The document discusses the importance of disability income insurance. It notes that the probability of becoming disabled before age 65 is quite high. It also discusses how most disabilities are caused by illness rather than accidents. The document emphasizes that disability insurance can help replace lost income that results from being unable to work due to injury or illness. It highlights some limitations of relying solely on savings, employer-provided insurance, Social Security, or workers compensation.
10 things you must know before enrolling in obamaDuaine Owings
The document provides an overview of important information for enrolling in health insurance plans through the Affordable Care Act for 2015, including:
- Essential health benefits that must be covered by ACA plans
- Premium tax subsidies and cost-sharing reductions that many who apply qualify for
- The need to review current plans as plans may change, be discontinued, or have rate increases for 2015
The document discusses strategies for creating a self-funded pension using index universal life insurance and index annuities. These products offer death benefits and the potential for higher returns than fixed products while protecting against losses in market downturns. They can provide fixed income in retirement until age 120 and allow for tax-deferred growth and tax-free income, helping to create a pension-like retirement plan outside of traditional employer-sponsored plans.
Income protection insurance provides a monthly benefit of up to 75% of one's income if they are unable to work due to illness or injury. It pays benefits until the person returns to work or reaches retirement age. The insurance helps cover expenses like mortgages, rent, living costs, and medical bills. Specific benefits include disability payments, inflation protection to increase coverage amounts over time, and waived premiums while receiving disability payouts. Premium costs depend on factors like occupation, income, benefit period, waiting period, policy type, and personal details.
The role of life insurance in retirement planningBill Hurlbut
This document discusses the role of cash value life insurance in retirement planning. It can provide benefits if the policyholder dies, becomes disabled, or lives to retirement. At retirement, the cash value can be a source of income through withdrawals, loans, or converting it into a lifetime annuity. It allows tax-deferred growth and flexible access to funds. Withdrawals and loans reduce the death benefit and cash value.
Income protection insurance provides income payments to replace lost earnings if someone is unable to work due to an accident, injury, illness, or unemployment. There are different types of income protection insurance plans that vary in payment amounts, duration of payments, and definitions of disability. It is important to compare income protection insurance quotes and carefully review policy details and limitations to find the most suitable plan.
LPL Financial Guide to Long Term Care InsuranceThomas Kelly
The document provides information about long-term care, the costs associated with it, and ways to plan and pay for long-term care services. It explains that long-term care includes medical and non-medical services for those with chronic illnesses or disabilities, and that most claims are for people under age 64. It also outlines options for funding long-term care, including traditional long-term care insurance, life insurance with long-term care riders, and single premium life insurance with long-term care benefits. The document stresses the importance of planning ahead for long-term care needs.
At any age, health care is a priority. When you retire, however, you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups. There's also a chance that your health will decline as you grow older, increasing your need for costly prescription drugs or medical treatments. That's why having health insurance can be extremely important for older Americans..
This document provides information about disability income insurance. It discusses the importance of having income replacement in the event of a disability, as other sources like savings may not be sufficient. It notes that disability is common and can lead to financial problems. The document provides a checklist for evaluating disability income policies and their benefits and features. It stresses the importance of purchasing adequate personally-owned disability income insurance to guarantee income if a disability prevents working.
This newsletter from Cedar Point Financial Services provides information on several financial topics related to health, retirement, and insurance. It includes an article on options to consider if a term life insurance policy is set to expire, such as purchasing a new term policy, renewing the existing policy, or converting the policy to permanent life insurance. It also includes articles on the financial implications of chronic illness and whether to enroll in a health savings account.
This document provides information on using life insurance for retirement and estate planning purposes. It discusses three main reasons why retirees may still need life insurance: 1) to replace a spouse's lost income if they pass away, 2) for estate planning to distribute assets or pay estate taxes, and 3) to maximize IRA or retirement plan distributions by leaving tax-free life insurance proceeds to heirs. The document then discusses how much life insurance retirees may need based on obligations and supporting future family income needs. It also provides strategies for using existing life insurance policies, such as 1035 exchanges to annuities or lower death benefit policies, to gain tax benefits and income. Finally, it discusses how life insurance trusts can be used to keep policy
Individual insurance may better suit your needs than mortgage insurance when protecting yourself and your family financially. Individual insurance provides more control over who receives the money, the length and type of coverage, and policy options. In contrast, mortgage insurance limits control as the money can only pay the mortgage, coverage decreases as the mortgage is paid, and options are limited. Individual insurance continues even after the mortgage is paid, while mortgage insurance coverage ends.
America's Retirement Safety Net and information for you to understand the social security, medicare and financial needs after retirement. For more topics you can visit our other flipbooks at http://www.ferrettafinancialservices.com/sitemap.htm .
Happy reading:-
A Guide to Supplemental Security Income (SSI) for Groups and Organizations Julie Wilson
This booklet explains the SSI program to help institutions, groups, and organizations that have contact with people who get, or may be able to get, SSI.
This document describes the Transamerica Retirement Income Plus variable annuity. It offers lifetime withdrawals with rates between 4-6.5% depending on age. The annuity simplifies retirement planning by reducing choices to investment selection and contribution amount. It aims to grow and protect retirement income through features like annual compounding when withdrawals are not taken. The annuity addresses challenges retirees face like rising lifespans, declining pensions, and low interest rates.
A married couple can lose $250,000 in Social Security benefits over their lifetime if they use the wrong claiming strategy. While most people think they should claim benefits as early as possible at age 62, waiting until full retirement age of 66 or 70 can result in higher monthly benefits. The document discusses several common myths about Social Security, such as that the program is going broke or that income from benefits is completely tax-free. It provides the realities of the current financial status of Social Security and rules regarding taxation of benefits. The summary aims to help readers understand important rules and strategies when planning for Social Security income during retirement.
The document provides information for UAMS employees preparing for retirement, including notifying HR of retirement plans, benefits after leaving employment such as health insurance and access to retirement savings, applying for Medicare and Social Security, and considerations for long-term care insurance and savings. Employees are instructed to schedule meetings with benefits consultants to discuss retirement options from various retirement plans and health insurance offerings.
Fraser Trebilcock teamed up with Lansing Regional Chamber of Commerce to present a free seminar to help employers keep up with changes related to Health Care Reform. This is the fourth presentation in the Business Education Series, titled "Navigating the ACA Marketplace: Guidance for Small Businesses and Individuals". Michael James, Senior Health Care and Business Attorney from Fraser Trebilcock, presented the keynote presentation.
Like most, unless you know someone who has been disabled, you may not see the value of Disability Insurance. You may think it won't happen to you, but if it does, you are vulnerable to lost income.
Recommendations for Getting a Larger Social Security CheckDavid Giertz
1) A study found that many Americans who rely on social security for retirement do not fully understand how the benefits are calculated.
2) Factors like the age at which someone begins collecting benefits impacts the monthly payment amount. Starting earlier leads to lower monthly payments compared to collecting at full retirement age or later.
3) The study recommends retiring individuals consult financial advisors who can help them understand how to maximize their social security benefits based on their individual situations.
The document discusses the importance of disability income insurance. It notes that the probability of becoming disabled before age 65 is quite high. It also discusses how most disabilities are caused by illness rather than accidents. The document emphasizes that disability insurance can help replace lost income that results from being unable to work due to injury or illness. It highlights some limitations of relying solely on savings, employer-provided insurance, Social Security, or workers compensation.
10 things you must know before enrolling in obamaDuaine Owings
The document provides an overview of important information for enrolling in health insurance plans through the Affordable Care Act for 2015, including:
- Essential health benefits that must be covered by ACA plans
- Premium tax subsidies and cost-sharing reductions that many who apply qualify for
- The need to review current plans as plans may change, be discontinued, or have rate increases for 2015
The document discusses strategies for creating a self-funded pension using index universal life insurance and index annuities. These products offer death benefits and the potential for higher returns than fixed products while protecting against losses in market downturns. They can provide fixed income in retirement until age 120 and allow for tax-deferred growth and tax-free income, helping to create a pension-like retirement plan outside of traditional employer-sponsored plans.
Income protection insurance provides a monthly benefit of up to 75% of one's income if they are unable to work due to illness or injury. It pays benefits until the person returns to work or reaches retirement age. The insurance helps cover expenses like mortgages, rent, living costs, and medical bills. Specific benefits include disability payments, inflation protection to increase coverage amounts over time, and waived premiums while receiving disability payouts. Premium costs depend on factors like occupation, income, benefit period, waiting period, policy type, and personal details.
The role of life insurance in retirement planningBill Hurlbut
This document discusses the role of cash value life insurance in retirement planning. It can provide benefits if the policyholder dies, becomes disabled, or lives to retirement. At retirement, the cash value can be a source of income through withdrawals, loans, or converting it into a lifetime annuity. It allows tax-deferred growth and flexible access to funds. Withdrawals and loans reduce the death benefit and cash value.
Income protection insurance provides income payments to replace lost earnings if someone is unable to work due to an accident, injury, illness, or unemployment. There are different types of income protection insurance plans that vary in payment amounts, duration of payments, and definitions of disability. It is important to compare income protection insurance quotes and carefully review policy details and limitations to find the most suitable plan.
LPL Financial Guide to Long Term Care InsuranceThomas Kelly
The document provides information about long-term care, the costs associated with it, and ways to plan and pay for long-term care services. It explains that long-term care includes medical and non-medical services for those with chronic illnesses or disabilities, and that most claims are for people under age 64. It also outlines options for funding long-term care, including traditional long-term care insurance, life insurance with long-term care riders, and single premium life insurance with long-term care benefits. The document stresses the importance of planning ahead for long-term care needs.
At any age, health care is a priority. When you retire, however, you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups. There's also a chance that your health will decline as you grow older, increasing your need for costly prescription drugs or medical treatments. That's why having health insurance can be extremely important for older Americans..
This document provides information about disability income insurance. It discusses the importance of having income replacement in the event of a disability, as other sources like savings may not be sufficient. It notes that disability is common and can lead to financial problems. The document provides a checklist for evaluating disability income policies and their benefits and features. It stresses the importance of purchasing adequate personally-owned disability income insurance to guarantee income if a disability prevents working.
This newsletter from Cedar Point Financial Services provides information on several financial topics related to health, retirement, and insurance. It includes an article on options to consider if a term life insurance policy is set to expire, such as purchasing a new term policy, renewing the existing policy, or converting the policy to permanent life insurance. It also includes articles on the financial implications of chronic illness and whether to enroll in a health savings account.
This document provides information on using life insurance for retirement and estate planning purposes. It discusses three main reasons why retirees may still need life insurance: 1) to replace a spouse's lost income if they pass away, 2) for estate planning to distribute assets or pay estate taxes, and 3) to maximize IRA or retirement plan distributions by leaving tax-free life insurance proceeds to heirs. The document then discusses how much life insurance retirees may need based on obligations and supporting future family income needs. It also provides strategies for using existing life insurance policies, such as 1035 exchanges to annuities or lower death benefit policies, to gain tax benefits and income. Finally, it discusses how life insurance trusts can be used to keep policy
Individual insurance may better suit your needs than mortgage insurance when protecting yourself and your family financially. Individual insurance provides more control over who receives the money, the length and type of coverage, and policy options. In contrast, mortgage insurance limits control as the money can only pay the mortgage, coverage decreases as the mortgage is paid, and options are limited. Individual insurance continues even after the mortgage is paid, while mortgage insurance coverage ends.
Securing Your Financial Base Module 4 of Family Financial Freedom Floyd Saunders
The seminars are available to anyone including financial planners, and other professionals in the financial services industry who would like a set of the materials, participant's workbooks or the Family Financial Freedom book (discounts for volume purchases)You can now view the presentation here, order the Family Financial Freedom book from any of the ebook sites for iPhone, iPad, Kindle, Nook, Kobo reader etc. contact me at floyd.saunders@yahoo.com for a copy of the presentation or more information on how to get seminar materials.
The document discusses factors to consider when determining how much life insurance is needed, such as family size and financial obligations. It outlines different types of life insurance policies, including term life and various permanent/cash value policies. The document suggests choosing a policy based on one's needs and goals, such as mortgage protection, family protection, or business needs. It emphasizes periodically reviewing coverage as needs change over time.
This document provides an overview of health insurance. It discusses why health insurance is needed given rising healthcare costs. It outlines the types of medical expenses that can be incurred and that most health insurance policies cover expenses related to hospitalization. There are two major types of health insurance plans - indemnity plans which reimburse expenses, and managed care plans which provide incentives to use selected healthcare providers. When determining an appropriate level of health insurance coverage, factors to consider include age, health history, income, financial obligations, profession, and the option of a floater policy that provides coverage for a family rather than individuals.
HUSC 3366 Chapter 10 Financial Planning with Life InsuranceRita Conley
This chapter discusses financial planning with life insurance and annuities. It defines life insurance and methods for determining insurance needs. It distinguishes between types of life insurance companies and policies, and how to select policy provisions and buy insurance. It also recognizes how annuities can provide financial security in retirement.
6 Critical Social Security Facts Retirees Must KnowBravias Financial
If you are like most Americans, Social Security
may provide a significant portion of your income
in retirement. According to Social Security
Administration (SSA) statistics, Social Security
benefits account for about 36 percent of retirement
income for the average American.1 One of the
biggest mistakes today’s retirees can make is to
underestimate the importance of Social Security in
their retirement strategies. In an era of vanishing
pensions and volatile markets, Social Security offers
government guaranteed income that isn’t vulnerable
to market risk, can’t be outlived, and can provide for
your loved ones after your death.
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HealthCompare Insurance - Understanding other types of insuranceHealth Compare
Understanding your options when it comes to Health Plans or Health Insurance can be a complicated experience, especially if you are unfamiliar with your options. HealthCompare has put together this slideshare to help you navigate and know your options. Learn more at HealthCompare.com
Long-term care insurance can help employees plan for future long-term care needs. Statistics show that 70% of people over 65 will likely need long-term care services. Currently, most people do not have a plan and rely on Medicaid for assistance, often depleting their savings. Long-term care insurance allows people to receive benefits for assistance with daily living before experiencing a major health event. Employers can offer group long-term care insurance plans to employees, which are more affordable than individual policies and provide peace of mind. The document discusses the need for long-term care planning and the advantages of employers providing group long-term care insurance options to their employees.
This document discusses how life insurance can help achieve retirement goals by providing tax advantages. It notes that life insurance builds cash value on a tax-deferred basis that can supplement retirement through tax-favored loans and withdrawals. The document provides an example of a couple using policy withdrawals in retirement to lower their taxes while funding special expenses. It highlights the benefits of leveraging a life insurance policy for retirement through its death benefit, tax-deferred growth, and potential access to cash values.
- Group long-term disability insurance (GLTD) typically covers only 60% of income and has maximum monthly caps, leaving many people with significantly lower incomes if disabled. GLTD also excludes bonuses, commissions, and may not cover partial disabilities.
- Over 90% of disabilities are caused by illnesses rather than accidents, and can happen to anyone. However, most people assume they are young and healthy or covered by their employer so do not purchase individual disability insurance.
- Purchasing a supplemental individual disability income policy can fill in the gaps in coverage left by GLTD policies to better protect one's full income and lifestyle in the event of a disability. It can be designed to cover bonuses and partial disabilities
The document discusses life insurance planning, including the purposes of life insurance, calculating insurance needs, and different types of policies. It covers term life insurance, whole life insurance, and other policy types. Key points include determining insurance needs based on income and dependents, comparing costs and returns of policies, and choosing beneficiaries and settlement options. The document provides an overview of important considerations for life insurance planning.
At age 64, it is important to understand the Medicare application process. There is a 7-month initial enrollment period for Medicare Parts A, B and D that begins 3 months before your 65th birthday, includes your 65th birthday month, and extends 3 months after. During this time, you can enroll in Medicare even if you are not receiving Social Security benefits. If you do not enroll in Parts B and D during this initial period, you may face penalties for late enrollment in the form of higher premium costs for life. It is important to understand your options for Original Medicare or Medicare Advantage plans and ensure your doctors accept your chosen coverage.
This newsletter from Cedar Point Financial Services provides information on procrastination, financial independence, and advice for recent college graduates. It discusses new research showing procrastination may be related to brain structure and personal values. Tips for overcoming procrastination include identifying triggers, breaking large tasks into smaller ones, and listing costs and benefits of action vs. inaction. Achieving financial independence requires earning more through additional work, spending wisely by reducing largest expenses, and saving aggressively through investments matched to goals and time frame. Advice for recent graduates includes setting financial goals, creating a budget, and understanding the importance of paying down student loans.
This newsletter from Todd Robison of Cedar Point Financial Services provides information on various financial and retirement planning topics. It includes a quiz about Social Security survivor benefits, followed by the answers. Additionally, it discusses rules and considerations for opening a 529 college savings plan, compares typical employer retirement plan features to industry averages, and explains how to replace a lost Social Security card. The newsletter is intended to help clients and readers make informed financial decisions.
This newsletter article from Cedar Point Financial Services discusses upcoming tax filing deadlines and provides tips for taxpayers. It notes that the filing deadline is April 15, 2019 for most individuals, though some have until April 17. It describes how to file for an automatic extension, which provides more time to file but not to pay taxes owed. The article advises taxpayers not to procrastinate filing and to file even if they owe money in order to limit penalties. It also discusses potential refund delays due to new IRS filters aimed at fraud.
This newsletter from Cedar Point Financial Services discusses several financial topics:
- Health savings accounts can be a powerful savings tool for both working years and retirement due to tax benefits on contributions and withdrawals for medical expenses. Funds can be invested and rolled over year to year.
- Common tax scams to watch out for include phishing emails and phone scams posing as the IRS, tax preparer fraud, and fake charities. It's important to be vigilant and choose tax preparers carefully.
- Talking to teens about money can help establish healthy financial habits. Parents should discuss handling income, building budgets, setting savings goals, and becoming smart shoppers. Introducing credit responsibly can also help teens establish
This document is a newsletter from Cedar Point Financial Services that discusses estate planning and retirement planning topics. It provides key retirement and tax numbers for 2019 that were adjusted for inflation. It also discusses famous celebrities like Aretha Franklin, Prince, Pablo Picasso, and Howard Hughes who died without wills or estate plans, leading to lengthy and costly legal battles over their estates. The newsletter recommends taking the time to create an estate plan to avoid similar issues and outlines some tips for planning a career change, including doing research, protecting retirement savings, getting advice, and considering additional education.
This document provides information about reviewing your estate plan and retirement plan options for business owners. It discusses when to review your estate plan, such as after major life events, and aspects to consider reviewing like beneficiaries, wills, trusts and financial accounts. It then outlines qualified retirement plan options for business owners like profit sharing plans and 401(k)s, as well as IRA options like SEP-IRAs and SIMPLE IRAs. The document provides a brief overview to help business owners plan for retirement outside of solely relying on their business.
The document discusses considerations for businesses thinking about hiring new employees. It notes some signs it may be time to hire, such as increasing customer demand, inability to handle workloads, and paying overtime. It also discusses costs of hiring beyond salaries, such as payroll taxes, workers' compensation, and potential benefits. It recommends businesses estimate potential revenue and profit gains from hiring against additional costs and consult an accountant to determine affordability.
This newsletter from Cedar Point Financial Services discusses various financial topics. It begins with an article comparing debit cards and credit cards, noting key differences in fraud protection, dispute processes, rewards programs, credit reporting, and money management implications. Another article summarizes recent tax law changes and the ongoing tax benefits of homeownership, such as mortgage interest and property tax deductions. The final article provides tips for building confidence in one's retirement strategy, such as creating predictable income streams, understanding Social Security, estimating healthcare costs, and maintaining healthy habits.
This newsletter from Cedar Point Financial Services discusses several financial topics:
1) Naming a trust as the beneficiary of an IRA can help protect IRA assets from creditors and allow the IRA owner to retain some control over funds after death. Special rules apply to trusts as IRA beneficiaries.
2) Research found that spending money to outsource disliked tasks and save time, such as hiring a cleaner, leads to greater reported life satisfaction and happiness.
3) Receiving a large tax refund may indicate tax withholdings are too high. Taxpayers can use the IRS withholding calculator to help determine the proper amount of withholding to avoid owing taxes or getting a large refund.
The document provides information and advice for newly married couples on managing finances together after marriage. It recommends that couples openly communicate to develop a shared financial plan and goals. It also suggests preparing a joint budget that accounts for all income and expenses to help stay on track financially. Additionally, the document discusses options for saving for retirement through employer-sponsored plans and spousal IRAs to maximize savings opportunities. Open communication and coordination between spouses is presented as key to building wealth over time through a unified retirement strategy.
The document is a newsletter from Cedar Point Financial Services providing information on various financial topics. It discusses how the tax cuts and jobs act substantially increased standard deduction amounts and made changes to itemized deductions. It notes that fewer taxpayers will be able to reduce their taxes by itemizing deductions as a result. It also provides an overview of critical illness insurance, which pays a lump sum if an individual is diagnosed with certain serious illnesses to help cover medical and living expenses. Key details about coverage, costs, and policy provisions are outlined.
The document discusses the important responsibilities and duties of being an executor of an estate. It notes that being named executor is an honor that shows the deceased trusted you, but it can also be a difficult and time-consuming role. Some key duties of an executor include arranging for the funeral, notifying agencies, protecting assets, inventorying property, paying debts and taxes, and distributing remaining assets according to the estate documents. The executor has an important fiduciary duty and could be held liable for any mismanaged funds. Researching state laws and consulting advisors can help make the process easier.
Cedar Point Financial Services LLC February 2018 Newslettertoddrobison
This newsletter from Cedar Point Financial Services discusses several topics related to personal finance and retirement planning. It provides key retirement and tax numbers for 2018 that were adjusted by the IRS. It also discusses whether business owners should consider buying their own office space and some important questions adult children should ask their aging parents about finances, health, and long-term care.
This newsletter from Cedar Point Financial Services provides information on estate planning, retirement strategies, taxes, and disability insurance. The main article discusses the various purposes that wills can serve, such as distributing property after death, nominating guardians for minor children, nominating an executor, specifying how to pay taxes and expenses, and creating trusts. Other sections provide tips for year-end tax planning, summarize myths about group disability insurance, and ask how much should be borrowed for college.
Cedar Point Financial Services LLC Monthly Newslettertoddrobison
This newsletter discusses several topics related to retirement planning and finances for women. It notes that women often earn less than men, which can lead to lower lifetime savings and potential retirement income shortfalls. It provides tips for women to help address this gap, such as saving as much as possible in retirement accounts, delaying retirement if needed, and considering more aggressive investing. It also discusses how Medicare coordinates with employer health plans for those who continue working past age 65.
The document is a newsletter from Cedar Point Financial Services discussing various financial topics. It includes articles on working during retirement and how that may impact Social Security benefits, the rising issue of student loan debt among older Americans who have taken loans out to help children/grandchildren with college, and using 529 college savings plans to save for education costs tax-free. Key points are that working in retirement can allow delaying Social Security to earn higher lifetime benefits, over 60% of student loan debt is held by those aged 30-59 who are helping others with school, and 529 plans provide tax advantages and professional investment management for college savings.
This newsletter from Cedar Point Financial Services provides information on upcoming interest rate hikes and how they could impact various financial products. It discusses how adjustable rate mortgages, credit cards, and variable rate student loans may be affected if interest rates rise. The newsletter recommends ways for readers to protect themselves, such as refinancing a mortgage, paying down credit card debt, and reviewing student loan terms. It also provides two articles on estate tax reform possibilities and the connection between health and personal finances.
Cedar Point Financial Services LLC June 2017 Newslettertoddrobison
The document discusses the differences between Medicare and Medicaid. Medicare is a federal health insurance program for older individuals and certain disabled individuals, regardless of medical conditions or age. Medicaid is a joint federal-state health insurance program that provides coverage for financially needy individuals who are elderly, disabled, blind, or parents of minor children. The document outlines who is eligible for each program and what medical services each program covers. It also discusses long-term care coverage under Medicare and Medicaid.
This document discusses the differences between wills and trusts for estate planning purposes. It explains that a will directs how property is distributed after death but requires probate, while a revocable living trust allows assets to avoid probate by transferring ownership of assets to the trust during life. It notes that a trust can be used to manage assets if one becomes incapacitated, but a will is needed to name guardians. Both documents allow directing distribution of assets, but a trust may provide privacy advantages over probate. The decision depends on factors like state probate laws and property holdings.
This document is a monthly newsletter from Cedar Point Financial Services. It discusses several topics related to personal finance, including the upcoming tax filing deadline of April 18, 2017 and what to do if you need an extension or owe taxes. It also provides tips on buying fuel-efficient vehicles and how to encourage a culture of philanthropy within a business. The newsletter concludes with brief discussions on what happens to property if someone dies without a will and when a gift tax return may be required.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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July 2017 newsletter
1. Cedar Point Financial
Services LLC®
Todd N. Robison, CLU
President
10 Wright Street
2nd Floor
Westport, CT 06880
203-222-4951
todd.robison@cedarpointfinancial.com
www.cedarpointfinancial.com
July 2017
Expect the Unexpected: What to Do If You
Become Disabled
Infographic: 4 Things to Do in the 4 Years
Before College
Cartoon: Father and Daughter Bonding
Experience
What is a pet trust?
Cedar Point Financial Monthly
Elegant solutions to complex financial issues
Alternatives to Long-Term Care Insurance
See disclaimer on final page
Have questions? I can help.
Email Me:
todd.robison@cedarpointfinancial.com
Visit My Website:
www.cedarpointfinancial.com
linkedin.com/in/toddrobison
Services:
Estate Planning
Retirement Strategies
Executive Benefits
Group Benefits
CA License #0B77420
The costs of long-term care
can be overwhelming,
potentially exhausting
retirement income and
savings. You may be
thinking about buying
long-term care insurance
(LTCI) to help cover some
of the potential costs of long-term care, but
LTCI can be expensive, and if you do buy the
coverage, you probably hope you never have to
use it. A complete statement of coverage,
including exclusions, exceptions, and
limitations, is found only in the LTC policy. It
should be noted that carriers have the
discretion to raise their rates and remove their
products from the marketplace.
The prospect of paying costly premiums for
LTCI that you may never use might not appeal
to you. But there are alternatives worth
considering.
Self-insure
You could use your personal savings and
retirement income to pay for long-term care
expenses (self-insurance). While this option
may be appealing, there may be some
drawbacks. Depending on the type of long-term
care, where that care is provided, and for how
long, it's possible that you could run out of
savings while still needing care. Also, using
your own savings and income for long-term
care costs may affect the financial well-being of
a spouse or other dependents. And you may
not have anything left to pass on to your heirs
when you die.
Life insurance to pay for long-term care
One of the risks of buying LTCI is that you may
spend thousands of dollars in premiums and
never use the insurance. As an alternative, you
may be able to use life insurance to help pay
for long-term care expenses. For instance,
some insurers offer policies that combine
long-term care insurance with permanent life
insurance. While these "combination" policies
may differ, they generally offer a pool of money
that can be used to pay monthly expenses
associated with long-term care. If you don't use
the policy for long-term care, then it will pay a
death benefit to your designated beneficiaries if
the policy is in force at your death.
Alternatively, you might be able to add an
acceleration rider to your life insurance policy
that will allow you to tap into (accelerate) your
death benefit for long-term care expenses.
Again, if you don't use the death benefit for
long-term care costs, the policy will pay the
death benefit to the beneficiaries you name in
the policy. In any case, before buying a policy,
you should have a need for life insurance and
you should evaluate the policy on its merits as
life insurance. Optional benefit riders are
available for an additional fee and are subject
to contractual terms, conditions, and limitations
as outlined in the policy and may not benefit all
investors. Any payments used for covered
long-term care expenses would reduce (and
are limited to) the death benefit and can be
much less than those of a typical long-term
care policy. Any guarantees are contingent on
the financial strength and claims-paying ability
of the issuing insurance company.
Medicaid
Medicaid is a joint federal and state
government program that helps people with low
income and assets pay for some or all of their
health-care bills, including some costs
associated with long-term care. Qualifying for
Medicaid and covered services is based on
federal requirements and eligibility rules, which
vary from state to state. Generally, to be eligible
for Medicaid, you must meet certain
preconditions, which include income and asset
levels that meet your state's eligibility
requirements. You may need to exhaust your
savings to qualify for Medicaid. Once the state
determines that you're eligible for Medicaid, the
state will make an additional determination of
whether you qualify for long-term care services,
based on whether you need assistance with
personal care and other service needs, such as
eating, bathing, dressing, toileting, and
transferring (to or from a bed or chair).
Page 1 of 4
2. Expect the Unexpected: What to Do If You Become Disabled
In a recent survey, 46% of retirees said they
retired earlier than planned, and not necessarily
because they chose to do so. In fact, many said
they had to leave the workforce early because
of health issues or a disability.¹
Although you may be healthy and financially
stable now, an unexpected diagnosis or injury
could significantly derail your life plans. Would
you know what to do, financially speaking, if
you suddenly became disabled? Now may be a
good time to familiarize yourself with the
following information, before an emergency
arises.
Understand any employer-sponsored
benefits you may have
Disability insurance pays a benefit that replaces
a percentage of your pay for a designated
period of time. Through your employer, you
may have access to both short- and long-term
disability insurance. If your employer offers
disability insurance, be sure to fully understand
how the plan works. Review your plan's
Summary Plan Description carefully to
determine how to apply for benefits should you
need them, and what you will need to provide
for proof of disability.
Short-term disability protection typically covers
a period of up to six months, while long-term
disability coverage generally lasts for the length
of the disability or until retirement. Your plan
may offer basic coverage paid by your
employer and a possible "buy-up" option that
allows you to purchase additional coverage.
According to the Bureau of Labor Statistics,
40% of private industry workers have access to
short-term disability insurance through their
employers, while 33% have access to long-term
coverage. For both types of plans, the median
replacement amount is about 60% of pay, with
most subject to maximum limits.²
Consider a supplemental safety net
If you do not have access to disability insurance
through your employer, it might be wise to
investigate other options. It may be possible to
purchase both short- and long-term group
disability policies through membership in a
professional organization or association.
Individual policies are also available from
private insurers.
You can purchase policies that cover you for
life, until age 65, or for shorter periods such as
two or five years. An individual policy will
remain in force as long as you pay the
premiums. Because many disabilities do not
result in a complete inability to work, some
policies offer a rider that will pay you partial
benefits if you are able to work part-time.
Most insurance policies have a waiting period
(known as the "elimination period") before you
can begin receiving benefits. For private
insurance policies, this period can be anywhere
from 30 to 365 days. Group policies
(particularly through your employer) typically
have shorter waiting periods than private
policies. Disability insurance premiums paid
with after-tax dollars will generally result in
tax-free disability benefits. On the other hand, if
your premiums are paid with pre-tax dollars,
typically through your employer, your benefit
payments may be taxable.
Review the Social Security disability
process
The Social Security Administration (SSA) pays
disability benefits through two programs: the
Social Security Disability Insurance (SSDI)
program and the Supplemental Security Income
(SSI) program. SSDI pays benefits to people
who cannot work due to a disability that is
expected to last at least one year or result in
death, and it's only intended to help such
individuals make ends meet. Consider that the
average monthly benefit in January 2017 was
just $1,171.
In order to receive SSDI, you must meet strict
criteria for your disability. You must also meet
requirements for how recently and how long
you have worked. Meeting the medical criteria
is difficult; in fact, according to the National
Organization of Social Security Claimants'
Representatives (NOSSCR), about two-thirds
of initial SSDI applications are denied on their
first submission. Denials can be appealed
within 60 days of receipt of the notice.³
The application process can take up to five
months, so it is advisable to apply for SSDI as
soon as you become disabled. If your
application is approved, benefits begin in the
month following the six-month anniversary of
your date of disability (as recorded by the SSA
in your approval letter). Eligible family members
may also be able to collect additional payments
of up to 50% of your benefit amount.
SSI is a separate program, based on income
needs of the aged, blind, or disabled. You can
apply to both SSI and SSDI at the same time.
For more information, visit the Social Security
Disability Benefits website at ssa.gov, where
you will also find a link to information on the SSI
program.
¹ 2016 Retirement Confidence Survey, Employee
Benefit Research Institute
² Bureau of Labor Statistics,
National Compensation Survey, 2016
³ NOSSCR web site, accessed March 2017
About 20% of Americans
live with a disability, and
one in four of today's
20-year-olds will become
disabled before retiring.
Source: SSA, Disability
Facts, 2017
The average age of SSDI
recipients in 2015 was 54.
Source: Fast Facts and
Figures About Social
Security, 2016
Page 2 of 4, see disclaimer on final page
3. Infographic: 4 Things to Do in the 4 Years Before College
College is a huge financial undertaking. With costs increasing every year and the prospect of too
much student debt at the forefront of many families' minds, it's more important than ever to be an
educated college consumer. Go into the planning process wisely with these four steps.
Page 3 of 4, see disclaimer on final page
4. Cedar Point Financial
Services LLC®
Todd N. Robison, CLU
President
10 Wright Street
2nd Floor
Westport, CT 06880
203-222-4951
todd.robison@cedarpointfinancial.com
www.cedarpointfinancial.com
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2017
Securities offered through Kestra
Investment Services, LLC (Kestra
IS), member FINRA/SIPC. Cedar
Point Financial Services LLC is a
member firm of PartnersFinancial.
Kestra IS is not affiliated with
Cedar Point Financial Services or
PartnersFinancial.
A pet trust is an arrangement
to provide for the care and
financial support of your pet(s)
upon your disability or death.
You fund the trust with
property or cash that can be
used to provide for your pet
based on your instructions in the trust
document.
Your pet trust should name a trustee who will
carry out your instructions for the care of your
pet, including handling and disbursement of
trust funds and turning your pet over to the
person or entity you designate to serve as your
pet's caregiver. The trustee and caregiver could
be the same person or entity.
As with most trusts, you can create your pet
trust while you're alive (an inter vivos or living
trust) or at your death through your will (a
testamentary trust). In either case, you can
generally change the terms of your pet trust at
any time during your lifetime to accommodate
changing circumstances. If you create an inter
vivos trust, you can fund it with cash or property
either during your life (needed if the trust is to
care for your pet if you become incapacitated)
or at your death through your will. A
testamentary trust is only funded after you die.
Some of the instructions to consider for your
pet trust include: provisions for food and diet,
daily routines, toys, medical care and grooming,
how the trustee or caregiver is to document
expenditures for reimbursement, whether the
trust will insure the caregiver for any injuries or
claims caused by your pet, and the disposition
of your pet's remains.
You may also want to name a person or
organization to take your pet should your trust
run out of funds. Also consider naming a
remainder beneficiary to receive any funds or
property remaining in the trust after your pet
dies.
A potential problem arises if your pet is
expected to live for more than 21 years after
your death. That's because, in many states, the
"rule against perpetuities" forbids a trust from
lasting beyond a certain period of time, usually
21 years after the death of an identified person.
However, almost every state has laws relating
to pet trusts that address this issue in particular
and allow for the continued maintenance of the
trust, even if its terms would otherwise violate
the rule.
Note that there are costs and expenses
associated with the creation of a trust.
Page 4 of 4