Social Security and Retirement Risk ... Click here to read
The average Social Security Retirement benefit for 2011 was $14,100. To give you an idea of how significant this is - you would need $470,000 in an investment, paying you 3%, to give you the same kind of income By Dr. Frederick Saide, PhD Shrinkage ... Click here to read
After the millennium recession we witnessed several makers of bagged foods (cereals, chips, pretzels and such) reduce the quantity of the contents without reducing the size of the bag or the cost. By Dr. Jack Marrion Part 3: When you hear the word annuity what do you think of ? ... Click here to continue reading
One way for insurers to offset that loss is to impose surrender penalties – a “percentage of annuity value” charge on early surrenders which usually declines over time to zero ... By Dr. Jack Marrion Part 2: When you hear the word annuity, what do you think of? ... Click here to read
All annuities can provide an income. You can get an income guaranteed to last as long as you live, or as long as either you or your spouse lives, by using an income annuity or a deferred annuity with a guaranteed lifetime withdrawal benefit. By Dr. Jack Marrion When you hear the word annuity, what do you think of? ... Click here to read
The first annuities were issued by the Roman Empire as a reward to legionnaires for their service. Two millennium later annuities are still being used to provide a dependable income. By Dr. Jack Marrion Happy New Year ... Click here to read
The end of 2012 is bringing much uncertainty to the estate tax planning area. With the presidential election, along with the congressional and senate races, looming, it doesn’t look positive for any vote or action to avoid the estate tax reverting back to the law that was in effect for 2001. Let’s look at how we got to this point with all the uncertainty By Gary Ryan, JD, LL.M, CLU, ChFC Preserve, Protect, and Defend ... Click here to read
Preserve, Protect, and Defend – each of us holds this responsibility when considering our American freedom and way of life, and the same holds true for our financial freedom. By Rayond J. Ohlson CLU, CRC Basics of Veterans Benefits ... Click here to read
Veterans requiring long-term care may be eligible for a little-known government entitlement benefit called “Aid & Attendance” (“A&A”). Unlike the Medicaid program, which generally only pays for long-term care services provided in a nursing home, the A&A benefit can help those veterans, and their spouses, pay for long-term care services provided in the home or an assisted living facility. By Dale Krause J.D., LL.M. Financial Fables ... Click here to read
A retired couple struggled through the long cold winter and by early March little food was left. But that day as they gathered firewood in the nearby forest the day was unseasonably warm and the sun shone so brightly that a robin was coaxed northward and gaily flew around them singing. “It looks like spring is here,” said the couple “Let’s eat the rest of our food today for we will find more tomorrow.” During the night winter returned with a vengeance, vexing the world with blizzards and bitter cold. By Dr. Jack Marrion The Lost Social Security Check ... Click here to read
It’s important to note that after the first spouse dies, one of the Social Security checks stops coming in! Upon reaching retirement age, each participant in the social security system (male and female) is entitled to their Primary Insurance Amount (PIA), or half of the higher earning spouse, whichever is greater. However, if the higher earning spouse (generally the man) dies, the surviving spouse has the option to select 100% of the husband’s benefit or her own benefit, whichever is greater. By Gary Ryan, JD, LL.M, CLU, ChFC An Introduction to Planning for Long-Term Care ... Click here to read
After more than 25 years in elder law I have learned that with the wave of baby boomers approaching retirement there will be an unprecedented demand for professional long-term care services. These services include those provided by home health care agencies, assisted living facilities, and nursing homes. By Dale Krause J.D., LL.M. |
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