The forgotten 3rd Guarantee in life to death & taxes – health costs
- ACA, Affordable Care Act, Employee health insurance, financial planning, Health, Health Care, Healthcare, Medicare, Retirement, Social Security
Throughout history it is has been said that there are only two axioms permanent in life: death and taxes. But, thanks regulations from the federal government, there is a third, which just happens to be healthcare costs.Read more
Webinar – Do We Really Know What Retirement Is?
On Thursday, June 5,2014 at 10:30 AM – 11:30 AM Jester Financial Technologies, in conjunction with National Association of Fixed Annuities for National Annuity Awareness Month, will be presenting the Webinar “Do We Really Know What Retirement Is?”. Summary:The financial […]Read more
Jester Financial and NAFA Release retirement whitepaper
In connection with National Annuity Awareness Month, Jester Financial Technologies and NAFA release the whitepaper “Do We Really Know What Retirement Means?”
“In 2014, the United States is facing a perfect storm of possible economic destruction of today’s Baby Boomer generation…and for good reason. Never has a time come in the history of the United States where the current older generation was heading to retirement and the preceding generation was smaller.”Read more
President Obama’s myRA. A brilliant idea.
- financial advisors, financial planning, Healthcare, Medicare, Medicare Modernization Act, President Obama, Retirement
The myRA was announced during President Obama’s January 2004 State of the Union Speech to much fanfare from political pundits an the media and after a few months, even though those in the financial industry seem to be set against it, the Treasury is moving forward on it.
This proves, again, that when it comes to your Social Security and the costs associated to your health in retirement the very same political pundits that are bashed on a consistent basis actually know more about what is best for not only retirees, but also the nation. (more…)Read more
Financial Planning maybe flawed when considering the hard truths
Financial Planning as defined by Investopedia is “A comprehensive evaluation of an investor’s current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans”.
There are firms dedicated to this practice, designations designed solely to studying and implementing this method and even an industry built on the very foundations of it, but if we are to look at some of the concrete truths that are a part of our very fabric of our life it would appear, for the most part, that the methods that are being used today are not even in the same hemisphere of what will be experienced tomorrow.Read more
The impact of your healthcare on your Social Security
- Fidelity Health Care, financial planning, Health, Health Care, Health Costs, Health Insurance, Healthcare, Healthcare Costs, Medicare, Retirement, Social Security
There is a lot of talk about planning for Social Security from the financial industry, which is great as people need to know how to generate the most amount of income possible in retirement at the lowest penalty, but the scary part: NO ONE IS PLANNING FOR HEALTHCARE COSTS.
Here is a breakdown of the impact that Medicare may have, if everything just stays the same, on an average couple in retirement:Read more
National Retirement Week (NAFA) Webinar – What your clients don’t know will hurt them.
How does the use of selected Annuities help lower healthcare costs in retirement?
Retirees, in order to receive Social Security must accept Medicare along with having certain premiums and any surcharges automatically deducted from their Social Security benefit.
With Medicare expected to inflate at roughly 2 to 3 times higher than any Social Security COLA retirees need another form of guaranteed income in retirement to offset this loss of income. This is where selected Annuities help reduce healthcare costs.
Why it needs to be an Annuity?
Medicare is means tested: meaning it uses income to determine what you are going to pay in terms of your healthcare, which again is deducted directly from your Social Security benefit and the more income you have the more you are going to pay for your health and your wallet.Read more
Jester Financial announces partnership with Williams Financial Group to offer benefits to its advisors through its Partner Development program
FOR IMMEDIATE RELEASE: April 7, 2014
“Jester Financial announces partnership with Williams Financial Group to offer benefits to its advisors through its Partner Development program.”
Beverly, MA: Jester Financial Technologies announces a new strategic partnership with Williams Financial Group in order to bring software and education to its advisors via its Practice Development program. This will provide Williams Financial Group with access to industry leading education and training regarding the costs of health care in retirement. Williams will also have access to Jesters’ “Scepter” cost projection software that it will be able to offer its advisors.Read more
NAFA announces partnership with Jester Financial Technologies
FOR IMMEDIATE RELEASE: April 3, 2014
“NAFA announces partnership with Jester Financial Technologies to offer expanded benefits to its Premier Partners.”
Washington, DC: The National Association for Fixed Annuities (NAFA) is pleased to announce a new strategic partnership with Jester Financial Technologies in order to bring added value to its members. This joint enterprise will provide NAFA with access to Jester Financial Technologies Scepter software, used to run health care cost illustrations, to be distributed with competitive licensing packages exclusively for NAFA Premier Partners.Read more
Should you plan for the cost of your healthcare – your Social Security benefit may depend on it
- Health, Health Care, Health Insurance, Healthcare, Medicare, Medicare Modernization Act, Retirement, Social Security, Taxes
The common sense answer would, obviously, be of course you should, but when the stats are tallied and the facts shown it would appear that the common sense answer is not being applied at all, and this may wind up costing you more in retirement than just your health.
According to Sun Life’s Flying Blind Survey less than 8% of all Americans have ever planned for the cost of their healthcare and this includes planning for Long-Term Care as well and the problem runs even deeper than just being a line item in your budget.
Why? The answer is simple, your health costs will consume a large portion of your Social Security benefit in retirement thanks to a rule change that automatically deducts certain premiums and any surcharges from your Social Security benefit.Read more