Jester Insights

Guess what? The government thinks you are rich

Good news! The government thinks you are rich and they are about to tax you accordingly. Bad news! Your financial advisor doesn’t see the problem they created and you don’t feel rich. Where the disconnect happens is once you are retired, you will enroll in Medicare and begin taking Social Security. Within Medicare there is […]

Tags: , , , , ,

Read more

Is Medicare for All the right solution?

With Congress killing any chance for healthcare reform within the United States for now there seems to be a push for a single payer system to be the solution and within that solution there is a cry of Medicare for All to solve the nation’s healthcare issues. On the surface, this may appear to be a […]

Tags: , ,

Read more

Traditional 401(k) verse a Roth 401(k)…when you health is on the line a Roth wins every time

The choice of investing into a Traditional 401(k) or a Roth 401(k) has been a debate since the Roth was designed and consensus tells us that they way to go is with the Traditional 401(k) as that is how many investors have gone. Unfortunately, when certain legislation concerning health coverage is applied this may not […]

Tags: , , , , , , , ,

Read more

Massachusetts Fiduciary Rule – what it means to the financial industry

Recommending investing in a tax deferred account to receive a tax break today, may wind up landing advisors in courts tomorrow. The foundation of financial plans is traditionally anchored in amassing qualified dollars. The unintended consequence of amassing those dollars is a direct increase in the cost of Medicare, a subsequent erosion of Social Security […]

Tags: , , , ,

Read more

The Hold Harmless Act

Through the “Medicare Catastrophic Coverage Act of 1988” Congress created a provision, the Hold Harmless Act, that protects those receiving Social Security benefits while enrolled into Medicare from ever experiencing a reduction in Social Security benefits from “too high” of Medicare Part B premium increases in a given year. The goal of this Act was […]

Tags: , , ,

Read more

That Traditional 401(k) is bad for your health

The alarm has been sounded, we have been told that Social Security retirement may go bust and this has prompted a renewed call for employees to utilize Traditional 401(k) plans in order to save more for their retirement. The question though; What if that Traditional 401(k) plan winds up being bad for your health? Yes, Traditional […]

Tags: , , , , ,

Read more

Impact of Medicare’s IRMAA. Not all income is created equal

Since 2007, with the passing of the Medicare Modernization Act in 2003 and the Affordable Care Act in 2010 by Congress, Medicare has placed a surcharge, known as the Income Related Monthly Adjustment Amount (IRMAA), on top of the current Medicare Part B and Part D premiums for those retirees who earn too much income. […]

Tags: , , ,

Read more

The rules of retirement have changed

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. Ultimately, the rules of retirement have changed. 1. You have a mandatory expense in retirement. Due to a regulatory change in the Program Operations Manual System of Social Security, in […]

Read more

1 2 3 11
Top