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Each year the Centers for Medicare & Medicaid Services (CMS) make changes to Original Medicare that affect all Medicare supplement insurance polices – both old and new.  We highlight those changes below. Purchasing a Medicare supplement insurance policy can be a stressful endeavor.  Using our independent insurance brokerage and the information below, you can take …

December 11, 2013

Category: Medicare Supplements, Retirement Planning

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If you own or are considering investing in fixed-indexed annuities, it is important to understand how a point to point annuity sub-account works.  In this post, we will discuss how these accounts operate and what investors can expect from them. Considered the most conservative of most indexed annuity investment options, point-to-point accounts are the least complicated.  There …

August 1, 2013

Category: Annuities, Articles, Retirement Planning

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There are several types of retirement annuity accounts offered from various insurance companies. The one that will work best for you will depend on your short and long term financial goals. If you are closer to or at retirement, then a single premium immediate annuity account might be best. If you are saving toward retirement, then a [...]
July 2, 2013

Category: Annuities, Articles, Retirement Planning

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We have written extensively about the benefits and limitations of annuity income riders. There is a lot to learn about these accounts and we do our best to educate consumers online, over the phone and in person. The purpose of this article is to discuss some of the innovations with newer income riders. Not all are …

May 23, 2013

Category: Annuities, Articles, Retirement Planning

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If you are in the workforce beyond age 65 and covered by your employer’s group health insurance coverage, it is important to be aware of your Medicare insurance options.  There are a few common penalties (both monetary and temporal) that you might face should you miss your enrollment deadlines. Penalties and Medicare enrollment delays can easily be …

September 12, 2012

Category: Medicare Advantage, Medicare Supplements, Retirement Planning

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It’s almost a new year which means changes to the Medicare Part A and B deductible amounts for 2012 are here.  The Part A deductible is increasing by a nominal amount, but the Part B deductible is decreasing. You read that correctly, the Part B deductible is going down which means that some Medicare supplement insurance plans …

November 22, 2011

Category: Medicare Supplements, Retirement Planning

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The Pension Protection Act of 2006 became law in January of 2010.  The new law offers several provisions to incentivize the purchase of long term care insurance coverage. One significant component of the new law allows you to use what would normally be taxable annuity dollars to purchase a long term care insurance policy. This …

July 29, 2011

Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning

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Planning for retirement income is an often overlooked but necessary piece of any financial plan.  Some retirees rely on stocks and bonds, others opt for annuity accounts, and many use a mixture of both in order to diversify their assets. Annuities have grown in popularity based on their history of safe & reliable returns and the …

July 6, 2011

Category: Annuities, Articles, Retirement Planning

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There are significant differences between joint and linked long term care insurance policies.  One type allows for couples to share a policy while the other allows a husband or wife to tap into the benefits of their spouse’s policy. There are certain advantages to each type of LTC policy and through the help of an …

June 17, 2011

Category: Articles, Long Term Care, Retirement Planning

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Upon retirement, you may lose the group health insurance coverage offered from your employer.  In some cases, the insurance can be extended for a short period of time, but in most others it may discontinue altogether or become too expensive to maintain. The dividing line for most retirees is age 65.  If you are younger …

June 8, 2011

Category: Medicare Supplements, Retirement Planning

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Compared to what other investments? Is an annuity a good investment if you had invested the majority of your dollars with Bernie Madoff or Alan Stanford? How about if you invested in Countrywide, General Motors, Lehman Brothers, Enron, WorldCom Inc, Citi Group, Fannie Mae or Feddie Mac? Or maybe you were unlucky enough to have saved …

June 2, 2011

Category: Annuities, Articles, Retirement Planning

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We receive several requests from fixed and indexed annuity shoppers about which insurance companies offer the best premium bonuses on first year and subsequent yearly deposits. Interest rates and bonus amounts are constantly changing, so it is best to give us a call in order to compare current yields and illustrations as one size does not fit …

March 30, 2011

Category: Annuities, Articles, Retirement Planning

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Conservative investors looking to protect a portion of their individual retirement account will often consider an annuity as a means to establish predictable growth and reliable income now or in the future. IRA annuity investments provide steady growth and are ideally suited for required minimum distributions. There are several types of annuity accounts to choose from, but …

February 23, 2011

Category: Annuities, Articles, Retirement Planning

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There are some common misconceptions concerning who is responsible for long term care expenses. Oftentimes consumers erroneously believe that government run Medicare and private supplemental insurance will pay the costs associated with extended care. Unfortunately, this is not the case. Medicare, when combined with some supplemental Medigap policies, will only cover a maximum of 100 days of …

September 23, 2010

Category: Articles, Long Term Care, Retirement Planning

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Unfortunately, there is quite a bit of misinformation that has spread about annuity investment contracts. What is not clear is whether these untruths are intentional or a general lack of knowledge, but it is beyond time to set the record straight. One of the biggest concerns potential annuity investors have is what happens to their money …

July 1, 2010

Category: Annuities, Articles, Retirement Planning

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