Upon retirement, you may lose the group health insurance coverage offered from your employer. In some cases, the insurance can be extended for a short period of time, but in most others it may discontinue altogether or become too expensive to maintain. The dividing line for most retirees is age 65. If you are younger …
Category: Medicare Supplements, Retirement Planning
Compared to what other investments? Is an annuity a good investment if you had invested the majority of your dollars with Bernie Madoff or Alan Stanford? How about if you invested in Countrywide, General Motors, Lehman Brothers, Enron, WorldCom Inc, Citi Group, Fannie Mae or Feddie Mac? Or maybe you were unlucky enough to have saved …
Category: Annuities, Articles, Retirement Planning
Category: Annuities, Articles, Retirement Planning
Conservative investors looking to protect a portion of their individual retirement account will often consider an annuity as a means to establish predictable growth and reliable income now or in the future. IRA annuity investments provide steady growth and are ideally suited for required minimum distributions. There are several types of annuity accounts to choose from, but …
Category: Annuities, Articles, Retirement Planning
There are some common misconceptions concerning who is responsible for long term care expenses. Oftentimes consumers erroneously believe that government run Medicare and private supplemental insurance will pay the costs associated with extended care. Unfortunately, this is not the case. Medicare, when combined with some supplemental Medigap policies, will only cover a maximum of 100 days of …
Category: Articles, Long Term Care, Retirement Planning
Unfortunately, there is quite a bit of misinformation that has spread about annuity investment contracts. What is not clear is whether these untruths are intentional or a general lack of knowledge, but it is beyond time to set the record straight. One of the biggest concerns potential annuity investors have is what happens to their money …
Category: Annuities, Articles, Retirement Planning
Editor’s Note: As of 2013, Ohio non longer has an inheritance tax. Residents may still be subject to Federal Estate Taxes, however. It is also possible that Ohio residents could pay inheritance taxes on property and assets inherited from a deceased resident of another state. Furthermore, we still see many of our large-estate clients using …
Category: Life Insurance, Retirement Planning
Gerber Life is now offering Medicare supplement insurance in California. This is the same well known and well rated Gerber Insurance Company that offers life insurance to children. Gerber Medigap plans are priced quite competitively and in many areas they are the best rates available for those over age 65. Consumers can request personal quotes from …
Category: Medicare Supplements, Retirement Planning
Category: Annuities, Articles, Retirement Planning
September is life insurance awareness month, thus we will do our part to discuss the overall benefits of these products. When compared to other financial instruments, life insurance policies have several unique and attractive attributes. Policies will come in many shapes and sizes with several options for the insured, but it may be most important to simply …
Category: Life Insurance, Retirement Planning
As the overall markets have swooned and once plush retirement accounts have lost value, you might be interested in a guaranteed lifetime stream of income. Commercials are more prevalent and many financial firms are now advertising the merits of this simple concept. But what are the financial products behind these guarantees and how can you benefit from lifetime …
Category: Annuities, Articles, Ohio Annuity, Retirement Planning
Category: Long Term Care Insurance, Retirement Planning
A 403(b) account is also known as a Tax Sheltered Annuity or TSA. These accounts can take many forms, but most typically are setup as a fixed or variable annuity. Teachers, employees of non-profits, and certain ministers can contribute during their working years should their employer offer this retirement option. Other investment options might include mutual funds …
Category: Annuities, Articles, Retirement Planning
Up until a few years ago, consumers had few choices when it came to long term care insurance (LTCi). Traditional policies that provided a certain amount monetary reimbursement were the norm. Policies could be designed to cover expenses for a few months or much longer period of time – even providing benefits for the insured’s …
Category: Articles, Long Term Care, Retirement Planning, Wealth Transfer
Category: Annuities, Articles, Retirement Planning