Steve Soffer |
April 2, 2015 |
401k and IRA Blogs, Fixed Annuities, Life Insurance, Long Term Care, Retirement Planning, Your Retirement
Ok, cute title… but what the heck is a “2-Step” when it comes to taxes and my money? Well, if you currently have savings in a qualified 401k, 403b or 457 Deferred Compensation Plan, then one of your concerns is probably how taxes will impact your retirement as well as the legacy you leave your family. You might want to consider implementing this simple 2-step financial planning strategy. First of all, you might wonder, “Is it possible to use existing financial tools to create a...
View Article
Todd D. Heckman |
January 9, 2014 |
Long Term Care, Member Posts, Retirement Planning, Todd Heckman, Your Retirement
There’s a great Number 1 song from 1974 by the late artist Harry Chapin called: “Cat’s in the Cradle.” Written as a poem for Chapin by his wife Sandy, it tells the story of a father’s relationship with his son. More importantly it describes how the march of time robs us of our intent to take care of the things we need to take care of in the here and now. Predictably, as the song’s melody plays on, the father is struck by an observation...
View Article
Todd D. Heckman |
December 31, 2013 |
Long Term Care, Member Posts, Todd Heckman
The figgy pudding has been given, the presents unwrapped and Christmas goose consumed (In my household it was ‘Leg of Lamb’ on the Grill… benefits of living in Florida!). You watched “It’s a Wonderful Life” and “A Christmas Vacation” so many times that you yell at George Bailey to get off the bridge and go home and for Clark to plug in the lights already! Now that Christmas Day has come and gone, it’s time to look toward 2014 and the various resolutions we will...
View Article
Todd D. Heckman |
December 18, 2013 |
Fixed Annuities, Index Annuities, Long Term Care, Member Posts, William Clay Tucker
Written By: William Clay Tucker, CAP, CMFC, CRPS in Canton, GA When does it make sense to own a Fixed Index Annuity (FIA) that provides an enhanced income payment for Long Term Care (LTC) needs? First of all, there is no replacement for a good LTC policy that covers 3-5 years of potential care needs with a Cost of Living Adjustment (COLA) applied to the benefit payment. The only reason not to have LTC coverage is if you are able to fully cover these costs...
View Article
Richard Ericson |
December 17, 2013 |
Long Term Care
I listen to you and what you want. There are two areas that I hear over and over again: Long Term Care and a safe investment that make more than 1%. Almost all clients I meet with want and understand the need for long term care. However, almost all the clients I meet with do not have long term care. The number one reason is, “what if I don’t use it”, or “I feel like I’m not getting anything for my premium.” At the same...
View Article
John P. Grimes |
December 13, 2013 |
Annuity Basics, Annuity123, John Grimes, Long Term Care, Member Posts
If you’re of a certain age like me, think AARP subscriber, then you’ve no doubt been bombarded by solicitations to purchase long term care insurance, LTCI. It really makes sense given that the chances of needing care at some point are better than 50/50 for most people. Do a little research and you’ll find it costs anywhere from $6K to $10K per month for a stay in an Assisted Living facility or Nursing Home. Given that the average stay in a nursing facility is 3-5...
View Article
Todd D. Heckman |
December 11, 2013 |
Annuity Basics, Annuity123, Healthcare, Long Term Care, Member Posts, Todd Heckman
The Medicare program began life as an addition to President Franklin Roosevelt’s vision to meet the needs of older workers living in America. Medicare was created in 1965 under Title XVIII of the Social Security Act to include health benefits for those retirees eligible for Social Security retirement. What is Medicare? Within 3 months prior to and up to 3 months after your 65th birthday, you are eligible to enroll in Medicare. There are no income qualifications (minimums or maximums) for the program, just...
View Article
Todd D. Heckman |
December 4, 2013 |
Deferred Annuities, Long Term Care, Longevity Annuities, Member Posts, Todd Heckman
The number of older Americans age 65 and older living in the United States by the year 2020 is projected to be 54 million. This is an increase of 54 percent from year 2000’s population of 35 million. It is no secret that the growth in older persons, members of the “Baby Boomer” generation (born 1946-1964), will place a greater demand on health care services than any other generation before and probably afterwards. This includes the need for care provided in the home or a...
View Article
Todd D. Heckman |
November 20, 2013 |
Long Term Care, Member Posts, Todd Heckman
Wake Up America!!! Long-term care in the United States has become a necessary evil that every American will need to consider at some point in their life. The largest population of individuals in the country, those born from 1946 to 1964, began turning 65 in 2011 and by 2020 it is projected that some 12 million baby boomers will require long term care services. Facility Based Care Services vs. Home and Community Based Services Long term care becomes necessary when a person is no longer...
View Article
