Passed in 2010, the Affordable Care Act overhauls the U.S. healthcare system and affects nearly all taxpayers, many employers and various elements of the healthcare industry.
The Act represents the most significant change to our healthcare laws since the passage of Medicaid and Medicare in 1965. The new law will be phased in over multiple years spanning 2009 to 2018, with the individual mandate taking effect Jan. 1, 2014. The new healthcare law uses the tax code and tax return in many respects to implement its measures.
Intuit® recently hosted a webinar presented by Mike D’Avolio on the Act.
Important Things to Know About Long Term Care (LTC) InsurancePravesh Vasudeva
Long Term Care (LTC) insurance isn't just for seniors. You may become unable to care for yourself for 90 days or more at any point in your life. Long term care insurance can cover some of the costs of a care facility or a caregiver in your own home following an accident or illness. Here's everything you need to know about LTC Insurance.
If you are on a low income or unemployed, you may be wondering what options you have to make ends meet while you are looking for a job. The UK government offers Universal Credit to those who meet their criteria. Here’s everything you need to know about Universal Credit, including how to work out if you are eligible, how much you will get and your responsibilities.
Passed in 2010, the Affordable Care Act overhauls the U.S. healthcare system and affects nearly all taxpayers, many employers and various elements of the healthcare industry.
The Act represents the most significant change to our healthcare laws since the passage of Medicaid and Medicare in 1965. The new law will be phased in over multiple years spanning 2009 to 2018, with the individual mandate taking effect Jan. 1, 2014. The new healthcare law uses the tax code and tax return in many respects to implement its measures.
Intuit® recently hosted a webinar presented by Mike D’Avolio on the Act.
Important Things to Know About Long Term Care (LTC) InsurancePravesh Vasudeva
Long Term Care (LTC) insurance isn't just for seniors. You may become unable to care for yourself for 90 days or more at any point in your life. Long term care insurance can cover some of the costs of a care facility or a caregiver in your own home following an accident or illness. Here's everything you need to know about LTC Insurance.
If you are on a low income or unemployed, you may be wondering what options you have to make ends meet while you are looking for a job. The UK government offers Universal Credit to those who meet their criteria. Here’s everything you need to know about Universal Credit, including how to work out if you are eligible, how much you will get and your responsibilities.
When it comes to ensuring financial peace of mind for your family, final expense life insurance is a way to cover funeral costs or other expenses for older adults who no longer need a traditional life insurance policy. Those bills can get pretty big, with the average funeral costing roughly $10,000. That can be a lot for a family to deal with, especially while grieving your loss, which is why final expense insurance is a good option.
Using Life Insurance in Zero Tax Estate Planningwardwilsey
This presentation describes the uses of life insurance in estate plans designed to eliminate the estate tax. For a version with audio as well, please email me at wardwilsey@wilseylaw.com
A comprehensive look at smart ways to get more social security. Everything you ever wanted to know about how social security works. Figure out when is the best time and way to take social security for you (and your spouse).
One of a suite of individual retirement education modules created for Nationwide Financial, the Retirement Goals Education Module explains the difference between a traditional and a Roth 457 plan.
The module system gives retirement specialists the ability to create longer, fully customizable presentations by allowing them to mix, match and combine individual modules in the suite. This enables the sales force a greater flexibility in planning meetings and answering individual plan and participant needs.
When it comes to ensuring financial peace of mind for your family, final expense life insurance is a way to cover funeral costs or other expenses for older adults who no longer need a traditional life insurance policy. Those bills can get pretty big, with the average funeral costing roughly $10,000. That can be a lot for a family to deal with, especially while grieving your loss, which is why final expense insurance is a good option.
Using Life Insurance in Zero Tax Estate Planningwardwilsey
This presentation describes the uses of life insurance in estate plans designed to eliminate the estate tax. For a version with audio as well, please email me at wardwilsey@wilseylaw.com
A comprehensive look at smart ways to get more social security. Everything you ever wanted to know about how social security works. Figure out when is the best time and way to take social security for you (and your spouse).
One of a suite of individual retirement education modules created for Nationwide Financial, the Retirement Goals Education Module explains the difference between a traditional and a Roth 457 plan.
The module system gives retirement specialists the ability to create longer, fully customizable presentations by allowing them to mix, match and combine individual modules in the suite. This enables the sales force a greater flexibility in planning meetings and answering individual plan and participant needs.
Social Security Savvy: How to Help Clients Maximize Retirement IncomeJulie Cheney Stewart
Deciding when and how to take Social Security is a critical aspect of any retirement plan and may be different for each client. Learn how to become Social Security savvy. Also, learn how:
-Determine your clients' full retirement age
-Estimate their SS income
-Weigh the trade-offs between early income & delayed higher income
-How to supplement SS benefits
-Understand new SS changes for 2016
This presentation describe social security it comprises preventive measure of the communities and types of the sources of incomes it also prevention measure
http://ekinsurance.com/financial/how-to-maximize-your-social-security-benefits/
You may have a simple question like, “What can I do now to get the biggest Social Security check?” The answer is not much but you do have some possibilities if married.
1. An educational presentation by Becker Brothers Insurance Services STRS Retirement for State Teachers Financial Strategies for the Educational Professional Securities offered through Great American Advisors - Member NASD & SIPC. Becker Brothers & Great American Advisors are separate and unaffiliated companies. Preferred Provider of CRTA
2. 2004 S Street Sacramento, CA 95811 800-791-4443 916-929-1120 Becker Brothers STRS Benefits
4. STRS Age Factors 30 & Out Early Retirement Standard Early Retirement Normal Retirement Full Retirement *Age factors are not increased by golden handshake agreements, “airtime” repurchases, or accumulated sick leave. Under 30 Years Over 30 Years
5. $ 4,074 $ 2,619 $ 63 32 2.40% 77% 62,093 $ 62,093 $ 3,974 $ 400 $ 4,374 $ 2,919 $ The Cost of Early STRS Retirement Jane Smith - STRS Member Age 55 With 24 Years STRS Credit Current Salary $52,996 - Annual 2% Increase Salary To Standard Extra Total Increase Total STRS Use For Monthly Longevity Monthly Over Service Age Income Final STRS STRS Monthly STRS Age Age Credit Factor Percent Salary Benefits Benefit Bonus Benefit 55 55 24 1.40% 34% 52,996 $ 51,964 $ 1,455 $ - $ 1,455 $ - $ 56 25 1.52% 38% 54,056 $ 54,056 $ 1,712 $ - $ 1,712 $ 257 $ 57 26 1.64% 43% 55,137 $ 55,137 $ 1,959 $ - $ 1,959 $ 504 $ 58 27 1.76% 48% 56,240 $ 56,240 $ 2,227 $ - $ 2,227 $ 772 $ 59 28 1.88% 53% 57,364 $ 57,364 $ 2,516 $ - $ 2,516 $ 1,061 $ 60 29 2.00% 58% 58,512 $ 58,512 $ 2,828 $ - $ 2,828 $ 1,373 $ 61 30 2.33% 70% 59,682 $ 59,682 $ 3,476 $ 200 $ 3,676 $ 2,221 $ 62 31 2.40% 74% 60,876 $ 60,876 $ 3,774 $ 300
6. The Key is Working Longer, Not Harder Jane could work full time until age 59 (a 28 year career), and have a monthly (unmodified) retirement benefit of $2,516. However, if she were able to work 1/2 time from age 55, she would receive almost $1,000 more retirement income per month at age 63.
7. STRS Retirement Benefit Options Retirement benefits estimate for John & Jane Smith, retiring at Jane’s age 63; John’s age 65. Jane would have 32 years of service and a final (12 month average) compensation of $5,174.
8.
9. The Value of Pre-Selecting a Modified Option By pre-selecting an STRS “modified” option as early as age 55, John & Jane are eligible to receive significantly more income than if they delayed their decision until Jim’s actual retirement date.
10. Retirement Income Gap - Unmodified Option During Retirement While Working Even if John & Jane are able to select the unmodified option, they will still need to supplement their STRS retirement income. The following chart contrasts their current income, their retirement income and their retirement income needs. Assumes 3.1% inflation and 2% retirement COLAs.