Planning for Social Security? Don’t forget about the Government guidelines
In every financial firm, no matter if the firm is a Securities only shop or the firm is one that caters to life insurance sales only the hot topic that every financial advisor/producer is talking about is Social Security and for good reason, the public is craving information.
The problem, though, is much more complicated than what meets the eye and because of that it will lead to significant issues in the future as many financial professionals will ultimately pay the price of not meeting the fiduciary standard.Read more
Your retirement savings may just already be nationalized by the government
With the unveiling of the President’s signature retirement savings account for individuals who do not have the access to an employer retirement savings plan, the myRA account, whispers of nationalizing Employer Retirement Plans are starting to appear.Read more
The rules of retirement have changed and what you don’t know will hurt you!
There are 4 distinct federal regulations that have altered how financial plans will impact a person’s health coverage and their Social Security benefit in retirement.Read more
February 2018: A possible wake-up call for financial planning.
- Employee health insurance, Employer. Corporations, financial advisors, financial planning, Healthcare Costs, Medicare Modernization Act, Retirement, Social Security
One of the greatest concerns the general public has is how to fund for all of the costs associated with health care in retirement. The proverbial elephant in the room is the simple fact that this one expense is either not being addressed at all, or, at best, the probability of it being properly planned for is low.
Believe it or not, having to have health coverage in retirement has been mandatory for more than two decades now. In order for a retiree to collect and keep receiving their Social Security benefit, they must also accept Medicare when eligible. Again, this expense has never been factored into a financial plan.
The problem lies in the fact that not only is Medicare not free, as it does have specific costs which are deducted directly from any Social Security benefit a retiree may receive, but that it is also means tested.Read more
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