Category: Uncategorized

How the Pandemic Impacted Taxes for the Self-Employed

The Coronavirus Aid, Relief, and Economy Security Act (CARES Act) provides relief to self-employed people by delaying the Social Security tax payment due in 2020 for two more years. Specifically, individuals were allowed to defer 50% of the Social Security tax on self-employed income earned from March 27, 2020, through December 31, 2020. Concerned that […]

How Insurance Helps Small Businesses Manage Risk

Small businesses need suitable types of insurance to protect assets against damage and legal claims. While most business owners hope they’ll never have to rely on insurance, the truth is, it’s an essential investment. It could make the difference between closing up shop and healthy business longevity. Workers’ Compensation: This coverage is required in most states since […]

SECURE ACT 2.0: New Retirement Plan Incentives

There’s a potential game-changer being discussed when it comes to retirement savings. It’s called SECURE Act 2.0 (Setting Every Community Up for Retirement Enhancement Act), and it’s intended to help more Americans ensure they’ll have enough money during their retirement. The new measures of the SECURE Act 2.0 are designed to boost retirement savings, but […]

Tips for Preventing Identity Theft

The Internet is your entrance to the marketplace for the world from the comfort of your home or office. There are safety concerns to address when it comes to identity theft and fraud because organized identity theft groups constantly try to remotely load spyware, malware, Trojan horses, and botnets on victim computers. These programs transmit […]

How the Cost of Living Might Affect Your Monthly Budget

If you’re one of America’s 64 million Social Security beneficiaries, you might want to prepare yourself for a significant pay raise. According to the Social Security Administration, the annual cost-of-living (COLA) benefits increase starts with the year you turn 62, and the COLA increase announced in October was 5.9%. Continued inflationary pressure as the economy […]

Do You Know the Best Time to Buy Your Long-Term Care Insurance?

It’s Long-Term Care Awareness Month, and it might also be time for you to purchase your insurance plan. Insurance can be costly and confusing, but it’s also necessary to avoid wiping out your retirement savings. Knowing what you need to buy and the best time to purchase is crucial. Consider this:The national median daily cost […]

Coverage Options for Long-Term Care Insurance

It’s Long-Term Care (LTC) Awareness Month, and whether you’re in the market now or just curious about insurance coverage choices for the future, it’s important to know where, why, and how to get answers. There are three main options when it comes to LTC coverage. Traditional long-term care insurance:Also known as standalone long-term care insurance […]

Turn “Rainy Day” Money into a Long-Term Care Plan

According to a February 2021 Barron’s article, there will be 60% more elderly population by 2030. That’s less than a decade away, which means now is the time to talk about care planning. If you’re an annuity owner, chances are you’re either part of the 79% that see it as a resource to avoid being […]

Why Long-Term Care Insurance is Worth Having

Let’s start with the most echoed statement on the web: Americans are living longer but aren’t necessarily healthier, leading to health problems later in life. The U.S. Department of Health and Human Services reports that 69% of people will use long-term care services at some point. And that care comes with a cost: Long-term care […]

Picking The Annuity That’s Right For You!

Annuities are one way to generate a lifetime income, save for retirement, and leave a financial legacy. However, there are three main types of annuities—fixed, variable, and indexed—so selecting the right one for you can get complicated. A fixed annuity promises that you’ll earn a stated interest rate on your money, resulting in the same payout year after year. […]

How Social Security and Retirement Impact Women

Social Security is neutral with respect to gender—individuals with identical earnings histories are treated the same in terms of benefits. This information from the Social Security Administration (SSA) highlights how the Social Security program impacts women and the specific demographic characteristics of women compared with the entire population. Women tend to earn less than men, […]

Power of Attorney – Who Will Manage Your Estate?

According to the FINRA website: power of attorney is a legal document you sign to grant someone you trust with authority to make decisions on your behalf. You must sign when you’re still mentally competent for your power of attorney to be valid. Planning for the future with a power of attorney could minimize complications […]