If so, how can they plan to meet those challenges? A new study has raised eyebrows about the retirement prospects of women. It comes from the National Institute on Retirement Security, a non-profit, non-partisan research organization based in Washington, D.C. Studying 2012 U.S. Census data, NRIS found that women aged 65 and older had 26% less income than their male …
Deadline looming close for Individual Health Insurance Plans
Just a reminder that the last day to purchase individual health insurance in 2016 is January 31! After that you are subject to fines/penalties.
NEW YORK 2016 Individual Plan Primer
GENERAL If your income is below 200% of the Federal Poverty Level (FPL) you may qualify for the new Essential Plans. We will quote them if that is an option. SKINNY NETWORKS It is imperative that you check with your physician before selecting a plan. Carriers continue to shrink the size of their networks under ObamaCare. United Healthcare/Oxford IMPORTANT – …
*URGENT MESSAGE* – Renewing Your Individual Coverage
If you purchased individual coverage and plan on renewing it this year, this is important information. You will shortly receive a renewal letter, which We may , or may not, get a copy of. We will be running options on EVERY client the week of November 2 – unless you tell us not to. There are two types of Renewals: …
67,000 Consumers’ Choice insurance clients to lose coverage in December when company shuts down
Posted: Oct 22, 2015 11:33 AM EDT Updated: Oct 22, 2015 11:33 AM EDT COLUMBIA, S.C. (WCIV) — Nearly 67,000 customers of Consumers’ Choice Health Insurance will have to shop for new insurance at the end of the year when the company shuts down its operations in 2016. The state Department of Insurance made the announcement on Thursday. The company …
March 2014 Economic Report
MONTHLY ECONOMIC UPDATE MONTHLY QUOTE “We must believe that we are gifted for something, and that this thing, at whatever cost, must be attained.” – Marie Curie MONTHLY TIP Are your financial needs and priorities the same as they were five years ago? Time may have subtly changed them. Every few years, you should review your financial strategy …
A whie back I wrote about the coming student loan crisis. Here is an update on that issue… Student loans now have the highest rate of delinquency of any form of debt – 11.5% is 90 days or more late. The balance due has grown to $1.08 trillion! While delinquency rates for mortgages, auto loans, second mortgages and credit cards …
Retire at 65 – or not?
Your assets matter more than your age. Isn’t 65 the traditional retirement age? Perhaps, but baby boomers are modifying the definition of a traditional retirement (if not redefining it altogether). The Social Security Administration has subtly revised its definition of the traditional retirement age as well. If you glance at the SSA website, the “full” retirement age for Americans …
Monthly Economic Update
THE MONTH IN BRIEF Stocks finished 2013 with a flourish. The S&P 500 rose another 2.36% last month to return 29.60% on the year. As Wall Street celebrated, good news came to Main Street as well; the jobless rate fell and many signs of economic improvement emerged. Performance of Asian and European stock indices varied widely. Gold stumbled further and …
New Year’s tax changes: what to expect
By Tom Nawrocki December 13, 2013 With the New Year will come a new set of tax rates and tax codes for your clients to deal with. Many of these will affect not only their estate planning in the coming year, but quite possibly the last-minute moves they wish to make from now through the end of 2013. Many of …