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Ohio is one of the few states that  accesses a state inheritance tax on its residents at passing.   This tax is in addition to any Federal estate taxes that might be due and is enforced once an estate reaches countable assets of $338,333. It is not uncommon for estates to owe tens of thousands …

January 29, 2010

Category: Life Insurance, Retirement Planning

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Gerber Life is now offering Medicare supplement insurance in California. This is the same well known and well rated Gerber Insurance Company that offers life insurance to children. Gerber Medigap plans are priced quite competitively and in many areas they are the best rates available for those over age 65.  Consumers can request personal quotes from …

January 5, 2010

Category: Medicare Supplements, Retirement Planning

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Regardless of the type of annuity account you own (fixed, indexed, immediate, or variable) it will fall into one of two categories; qualified or non-qualified.  This is to say that an annuity cannot be both qualified and non-qualified.  It is one or the other.  There are significant differences between the two and understanding the differences can …

September 30, 2009

Category: Annuities, Articles, Retirement Planning

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September is life insurance awareness month, thus we will do our part to discuss the overall benefits of these products.  When compared to other financial instruments, life insurance policies have several unique and attractive attributes. Policies will come in many shapes and sizes with several options for the insured, but it may be most important to simply …

September 18, 2009

Category: Life Insurance, Retirement Planning

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As the overall markets have swooned and once plush retirement accounts have lost value, you might be interested in a guaranteed lifetime stream of income. Commercials are more prevalent and many financial firms are now advertising the merits of this simple concept. But what are the financial products behind these guarantees and how can you benefit from lifetime …

July 15, 2009

Category: Annuities, Articles, Ohio Annuity, Retirement Planning

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In an attempt to encourage consumers to purchase long term care insurance (LTCi), Ohio recently passed legislation making available partnership policies. Several insurance companies offer these plans, but not all LTCi policies are partnership qualified. By owning a qualified plan, the insured can be eligible for Medicaid benefits through the state without depleting all of …

April 23, 2009

Category: Long Term Care Insurance, Retirement Planning

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A 403(b) account is also known as a Tax Sheltered Annuity or TSA.  These accounts can take many forms, but most typically are setup as a fixed or variable annuity.  Teachers, employees of non-profits, and certain ministers can contribute during their working years should their employer offer this retirement option. Other investment options might include mutual funds …

April 2, 2009

Category: Annuities, Articles, Retirement Planning

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Up until a few years ago, consumers had few choices when it came to long term care insurance (LTCi). Traditional policies that provided a certain amount monetary reimbursement were the norm. Policies could be designed to cover expenses for a few months or much longer period of time – even providing benefits for the insured’s …

August 29, 2007

Category: Articles, Long Term Care, Retirement Planning, Wealth Transfer

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These days investors are looking for safety and security more than ever, especially after the two major stock market corrections in the last decade. Years later, numerous brokerage and variable annuity accounts still have not recovered their losses from that time period. Unfortunately, many investors were counting on those funds to provide income and stability …

August 29, 2007

Category: Annuities, Articles, Retirement Planning

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The short answer is yes, unless you have group health coverage at work. If your employer group is over 20 participants, then usually you can defer Medicare, but it’s wise to talk with your HR specialist first. But if you choose to enroll in Medicare Part B, it is a good idea to have a …

November 10, 2006

Category: Medicare Supplements, Retirement Planning

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The newest addition to the LTC marketplace is the long term care hybrid annuity account. This product functions exactly like a fixed annuity, but it has a long term care multiplier built into the policy. There is no premium rider associated with this medically underwritten annuity policy. Put another way, there is no annual cost …

June 29, 2006

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

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