Echelon Family Office
Medicare Open Enrollment ends December 7, 2020, and there are a lot of changes that will impact Medicare Advantage plans and Part D coverage options for those ages 65+. Premium and deductible costs – The standard premium for Medicare Part B was projected to increase; however, the Federal Government enacted a short-term spending bill with a […]
Should you develop a health condition that requires part- or full-time care, and your health insurance doesn’t cover the costs, how will you pay for what you need? Answer: Long-Term Care Insurance (LTCi). The U.S. Department of Health and Human Services reports that 69% of people will use long-term care (LTC) services at some point1. […]
As we head toward the finish line of 2020 and gear up for 2021, setting goals and getting your life in order should be a priority. One of the best places to start is by understanding your net worth and determining if you are on track to meet your goals. Your net worth provides […]
You have worked hard to build up your retirement savings, but you can’t keep retirement funds in your account indefinitely. However, thanks to the recent SECURE Act, if your 70th birthday is July 1, 2019 or later, you can delay taking withdrawals until you reach age 72. For each year after your required beginning date, […]
Medicare Open Enrollment starts October 15, 2020 and if you’re new to Medicare or if you need to review and make changes, it’s time to talk with your financial professional to ensure your future medical needs will be covered. Additionally, the CARES Act has provided some changes that you should take into consideration. Medicare is […]
Social Security (SS) faces a financial challenge from the impending retirement of the largest generation in American history, the 76 million people born in the “baby boom” years (1946 through 1964). These boomers began to hit retirement age (62) in 2008. With so many retiring, the need for SS payouts is rising faster than the […]
For most families, navigating elder care decisions falls somewhere between adult siblings happily gathering together and planning for their parent’s future and siblings who barely speak making rash decisions in an effort to end a difficult conversation quickly. Caregiving has a way of sneaking into people’s lives. Typically, the adult child living nearest the aging […]
2020 came in like a hurricane and it’s still stirring up the landscape nine months later. Unemployment is at an all-time high and consumer spending at its lowest. Any changes from this year’s election won’t come in time to get your business back on track. No one knows how to stop the storm and, with […]
The elections are coming up fast and with the current state of the country, we can expect a lot of changes to take place soon after the election, regardless of the outcome. Many of these changes will impact you financially so you want to prepare now. 2020 Recap: 2020 has given up one of the […]
With COVID-19 at the forefront of everyone’s mind, many who have been holding off on estate planning are now prompted to quickly finalize estate plans so they will have something in place should illness or worse come calling. Without an estate plan in place, you will have to rely on state laws and probate courts […]
For young couples just getting started, new commitments, such as buying your first home or having children, bring with them the responsibility of making sure your loved ones will be provided for financially. Life insurance can help your loved ones maintain their standard of living and keep your family’s plans for the future on track […]
If the fear of outliving your retirement savings really haunts you, then looking into income sources that will keep going as long as you do may not be such a bad idea. You can potentially alleviate this financial anxiety by considering an annuity as a part of your retirement planning. Misinformation about annuities have floated […]