The A, B, C, and D of Medicare
Inheritances are a complicated thing. Not only are there often strings attached in the eyes of the government, unexpected taxes, and complicated bequeathments, but there are also potential conflicts within families. And not to mention the fact that the potential windfall was the result of a relative's death. Inheritances are very complicated.
When approaching retirement, getting your finances organized is one of the first steps you should take.
By: Kathy Longo, CFP®, CAP®, CDFA
Getting a clear financial picture can help ease the transition into retirement because, at the very least, you’ll know what accounts you will be drawing from, where they are being managed, how your investments can continue to generate income for you, and what tax liabilities they may impose. It requires discipline and clarity to keep your finances organized before and during retirement.
If you are like most of your contemporaries, you have held two or three or more positions at different companies over the course of your career. As a result, you likely have several 401(k) accounts to consider as well as a SEP, Simple IRA, 403(b) account, deferred compensation plan and/or a pension. It’s important to make a list of your accounts and, if you are married, a separate list for each spouse. It also helps to make an additional list with any non-taxable accounts like a Roth IRA or Designated Roth.
Breaking down the basics & what each part covers.
Provided by Greg Ferguson
Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover and where they come from.
Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover, and where they come from.
Parts A & B: Original Medicare. America’s national health insurance program for seniors has two components. Part A is hospital insurance. It provides coverage for inpatient stays at medical facilities. It can also help cover the costs of hospice care, home health care, and nursing home care – but not for long and only under certain parameters.1
Submitted by Jared Bilodeau on March 30, 2016
Financial advisers move from firm to firm for various reasons, sometimes to get a lucrative recruitment package.
Take a look at this short (and fun!) video from AdvisoryWorld Financial Technology. It points toward the value of attending the T3 conference as a financial advisor ... in this case "Joe Advisor" and showcases a couple of T3's long-time sponsors.