That traditional 401(k) may be 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 […]Read more
From the Fiduciary Rule to the myRA to the Government regulating Employer Retirement Plans
- Employer. Corporations, fiduciary, fiduciary rule, financial advisors, financial planning, Health, Health Care, Health Insurance, Healthcare, Retirement
In the past 6 months the federal government has already expanded the fiduciary rule, which states that a person controlling another person’s assets must place that person’s needs before them, along with designing the myRA, a retirement account for individuals that do not have access to an Employer Retirement Plan, i.e. a 401(k). (more…)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
Obamacare will be great for the economy, but unfortunately it may not be for you
- Employee health insurance, Employer. Corporations, Health, Health Care, Manufacturing, Medicare, Obamacare, Presidential Budget, Retirement, Social Security, Taxes, Unemployment
Obamacare will be great for the economy, but unfortunately it may not be for you. Believe or not the way Obamacare has been designed the potential for overall economic growth be can achieved, however when it comes to you that won’t be the case.
Believe it?Read more