Search results “Medicare advantage dividend plans”
INVESTING TAXES EXPLAINED: Dividend Vs. Growth Investing
By subscriber request, today's video is my guide to taxes explained for investors. Over my 20+ years investing, I have picked up a wealth of knowledge on the taxation of investments. While I'm not a licensed tax advisor and today's video is not tax advice, I wanted to share my personal thoughts on the topic for dividend investors and growth investors alike. A continuation of my last video (dividend investing vs. growth investing), I want to illustrate via taxes why I personally prefer dividend investing, as it is a tax efficient vehicle (in my personal opinion). I start out with two examples, my recent short-term capital gain on my Bitcoin profit. And, my ownership in McDonald's (MCD), a long-term dividend growth stock, where I'm deferring capital gains (since I never plan to sell) and only have to worry about taxes on my qualified dividends (which fall into the long-term capital gains bucket). Some fun facts you'll learn from my Bitcoin illustration: * I earned 329% in less than a year on my Bitcoin position. * I was subject to short term capital gains. * There is no way I could have held longer (it still have not been 1 year and Bitcoin has fallen 50% from my average sale price). This, in a nutshell, is what plagues growth investors most. Some fun facts you'll learn from my McDonald’s illustration: * I am up 116% via capital appreciation, but owe no taxes right now since I don't intend to sell. (Taxes are only due if one were to sell.) * I enjoy a 5.5% yield on cost (and growing). My dividends are taxed at the lower long-term capital gains tax rate. * Dividend income is taxed at a lower rate than income earned from working! I am incentivized to earn passive vs. active income. For someone looking to live off dividends, this is why I believe dividends are so tax efficient. After my two examples, I dive into a variety of tax-related topics (for investors of all sorts): * Capital appreciation * Dividends * Short-term capital gains * Long-term capital gains * The 3.8% Medicare tax (Obamacare tax) * Qualified dividends vs. non-qualified dividends * Federal vs. state taxes * International companies (and tax implications) * Tax-advantaged vs. non-tax-advantaged accounts (401k and Roth IRA) * More! Want to lean more about dividend stocks vs. growth stocks? Check out this recent video: https://www.youtube.com/watch?v=El7XyomoAEI Want to learn about my experience with Bitcoin? Here you go: https://www.youtube.com/watch?v=uAQHg6ag7jU Here's my #3 favorite dividend stock of all time, McDonald's (MCD): https://www.youtube.com/watch?v=WA1baKYgV_0 Here's my real estate investment trust (REIT) that is a non-qualified dividend, Realty Income: https://www.youtube.com/watch?v=P-ANUrAsqMc Disclosure: I am long McDonald's (ticker MCD) and Realty Income (ticker O). I own both of these stocks in my portfolio. Disclaimer: I'm not a licensed investment advisor, and today's video is just for entertainment and fun. This video is NOT investment advice. Also, I'm not a tax advisor and today's video is NOT tax advice. Please talk to your licensed investment advisor before making any financial decisions. Please talk to your licensed tax advisor before making any tax decisions. All content on my YouTube channel is (c) Copyright IJL Productions LLC.
Views: 3712 ppcian
5 Things To Do 5 Years Before Retirement
For more information on our WealthVision Financial Plan check out our info page here; http://moneyevolution.com/wealthvision/ For access to the 7 Core Elements of Retirement Planning Video Series and Action Guide Click here. http://moneyevolution.com/7-core-elements-yt/ In today's video, I'm going to be talking about Five Things That You Should Do When You're Five Years Away From Retirement. So right off the bat, number one is Get Organized. If you're planning for retirement you might have a lot of your financial information scattered into a whole lot of different places. Maybe you've got some 401K plans at work, or some IRA accounts. Maybe your spouse has some retirement plans or old pension benefits. So the first thing you want to do is bring all of that information together. We also want to start identifying how some of those retirement resources are going to be able to work for you to provide you with the retirement lifestyle that you want. We call it your Retirement Gap. Fortunately, we have a couple of tools available to help you with this process. One of these tools is our 7 Core Elements of Retirement Planning Video Series and Action Plan. It’s a do-it-yourself type of a plan where you can start to get some of this financial information organized. Of course, we also do financial planning as well. We call it our WealthVision Comprehensive Financial Plan where we do it for you. Number two is we want to look at how we can kind of optimize the retirement assets that you have. We call this shift money to tax advantaged accounts. So as you approach retirement, we find that your cash flow tends to improve. Maybe your kids have moved out of the house, you're done paying for college, they're kind of self-sufficient on their own. Hopefully if your career and your job are going well you're making a little bit more money. So you might have more cash flow available to save money for retirement, but we also want to look at where some of that money is being saved. What we find for a lot of people is they have money in non-retirement accounts, taxable accounts that you have to pay income taxes every year on. We look for ways or opportunities for you to shift that over into tax advantaged accounts. So take a look at your accounts. Are you maxing out your 401K plan? Some 401K plans allow you to save an additional 10% in an after-tax savings vehicle. There's a recent tax law that now allows you to move that money directly to a Roth IRA account, even if you're over the income limits. You can contribute money to IRA accounts or Roth IRA accounts. Number three is Know Your Healthcare Options. Understanding this is very important because there are some big, big price tags on this. If you're working, and your employer is offering healthcare insurance now, you want to visit the HR department. Find out what they do about, if anything, in retirement. Are there any options to continue that healthcare, especially if you are going to be retiring prior to age 65 when you're eligible for Medicare. If you're married, check out what your spouse offers too, and compare those different plans. Start putting together some idea of how much that healthcare is going to cost because you don't want to get blindsided by it. There was a recent study by JP Morgan a couple years ago, and they said that if you had to go out into the Affordable Care Act exchanges, for a 64-year-old it would cost about $8400 a year per person for just a Silver Plan. That's not even the top-level plan! So understand what those options are, and check with your employer. Number four is think about your Plan For Income. Hopefully, if you've done some financial planning, you've identified some of your gaps. You want to know where those gaps are, and how much money will you potentially have to pull out of your retirement accounts. Are you eligible to take money out of those retirement accounts? Are you over 59 and a half if it's an IRA, are you over 55 if it's a 401K? You don't want to get hit with any penalties. Start planning out what that income strategy's going to be, and have some of that money in a more conservative investments so you're not blindsided by, “Oh my gosh, I'm retiring, I need to take $20,000 out of a retirement account and guess what, the stock market's down”. So think about that plan for income and where's the money going to come from. Number 5, and I love this one, because I think it kind of fulfills two issues here with retirees, is to Consider a Semi-Retirement. I think the idea for most of us, and in fact what I think about my own retirement is the idea of working 40, 50 hours a week, and then all of a sudden one day just throwing in the towel and never working again just sounds a little bit abrupt. (continued on blog) http://moneyevolution.com/2018/04/23/5-things-to-do-5-years-before-retirement/
Views: 1954 Money Evolution
Medicare Supplement Plan Quotes
http://www.seniorsavingsnetwork.org Our Free Service: 1-800-729-9590 Senior Savings Network provides unbiased Medicare Supplement Quotes. Medicare Supplement insurance benefits are the same from one company to another. There is a big different in price, though, between one Medigap company to another. It pays huge dividends to have an independent advisor to shop the entire market for you and provide unbiased advice on the best value for your Medicare Supplement premium dollar.
Views: 118 medicaresupplements
Medicare Supplement Plans by 1-800-MEDIGAP®
Medicare Supplement Plans help cover the out of pocket expenses not covered by original Medicare. Talk to a licensed proffesonal who can offer Free Quotes and answer any questions you may have, by calling 1-800-MEDIGAP or visit http://1800MEDIGAP.com. Medicare Supplement Plans are also known as Medigap Plans, becuase they help cover the gap left in orginial medicare. Original medicare consists of two parts. Part A and Part B. Not all medical services are covered in original medicare and in most cases original medicare only covers %80 of your medical costs. Original medicare does not provide Drug Prescription Coverage. For more detailed information please feel free to view our video in High Definition. There is a chart at the end of the video that maps out some of the basic medigap plans available in your area. Luckily for you, by law, all Medicare Supplement Plans are the same from company to company. Finding the right plan is as easy as shopping and comparing your options. For free quotes and more detailed coverage information on Medicare Supplement Plans, visit http://youandmedicare.com/Medicare-Supplement-Plans.php. If you would like to talk to a license professional who can give you free quotes and help find the best Medicare Supplement Plan for you, call 1-800-MEDIGAP. This video contains basic information about Medicare, services related to Medicare and services for people with Medicare and is not connected with any Government. If you would like to confirm information or find more information about the US Government Medicare program please visit the Official US Government Site for People with Medicare located at www.medicare.gov https://youtube.com/user/1800MEDIGAP/
Views: 182 1-800-MEDIGAP
Medicare 2017 - How Much Does Medicare Cost?
http://www.medicareeasystreet.com 866-572-9255 Anthony Selm - Licensed Broker When someone turns 65 it can come as a surprise to find out that Medicare isn't free. Knowing your costs for Medicare Part B, Part D, and supplemental coverage can help you plan ahead and budget accordingly. Medicare Part A Costs Medicare Part A is usually free as long as you have worked for 10 years (40 Quarters) and paid FICA taxes. Essentially, you have already "pre-paid" for these benefits and will not have any premiums due in retirement. If you have not met the qualifications to get Part A for free, you will pay a monthly premium of up to $413 for 2017. If you have worked for more than 30 quarters but less than 40 quarters you can get a pro-rated premium for Medicare Part A. Medicare Part B costs are based on income. Premiums for Medicare Part B are based on your Modified Adjusted Gross Income (MAGI). Since enrollment in Medicare is done through the Social Security Administration, Medicare will pull your latest income numbers directly from the IRS. You will get a letter each year around December from Social Security telling you how much your Part B premium will be for the upcoming year. Modified Adjusted Gross Income (MAGI) is calculated by monies you have earned through wages, Social Security Benefits, required minimum dividends from investments, interest, capital gains, and tax-deferred pensions. Any distributions from Roth IRA (or Roth 401k) accounts, life insurance, reverse mortgages, and health savings accounts DO NOT count in the MAGI calculation. Roughly 95% of Americans fall into the standard income bracket for Medicare Part B premiums leaving only 5% paying higher premiums due to the Income Related Monthly Adjustment Amount (IRMAA). The standard monthly premium for someone new to Medicare in 2017 is $134. This premium will be automatically deducted from your Social Security benefit each month. If you are not already receiving Social Security benefits you can be billed quarterly or setup and EFT to pay for Part B directly from your checking account each month. If you have a higher income you will pay an Income Related Monthly Adjustment Amount in addition to the standard Part B premium. The chart below which was pulled directly from the Medicare website. Medicare Part D costs are also based on income. Similar to Part B, Medicare Part D also has its own rules for higher income earners. Medicare Part D premiums vary by plan and you can usually find plans starting at $15-17/month. The national average Part D premium though is $34/month. In addition to the plan's premium, those in the higher income bracket will also pay a Part D- IRMAA. The chart below can help give you an idea what to expect if your income is above the standard threshold. Planning ahead can help you make sure to have enough savings for the future. If you find all of this just a little overwhelming, don't worry it definitely can be. We can help you determine your costs ahead of time so you are prepared to start Medicare on time and on budget. Many people find that the combined costs for Medicare Part B, Part D, and supplemental coverage is still a lot less than they are paying for private insurance before they turn 65. If you still have questions or would like to get an estimate on what your supplemental or Part D costs will be, give us a call at 866-572-9255 and speak to one of our friendly, licensed agents.
Views: 707 Anthony Selm
How to Appeal Your Part B Premium
Some people pay more for their Medicare Parts B and D due to their higher income. However, SS bases your premiums on your income from 2 years ago, and many people earn less now than they did before because they retired. In this video, we teach you how to appeal your Part B premiums with Social Security and get them lowered now. Join co-founder Danielle K Roberts for helpful tips on how to file your Medicare Part B appeal (IRMAA appeal), what documentation to include and how to estimate what your Part B premium might be in the future. Boomer Benefits provides free claims support for life for all of our Medigap and Medicare Advantage policyholders so that you are never alone in dealing with Medicare. To find more info on IRMAA appeals and download the SSA-44 form, go to this post: https://boomerbenefits.com/reconsideration/ New to Medicare? Attend our FREE Medicare 101 Webinar: https://boomerbenefits.com/webinars Get our FREE 6-Day Medicare Video Email course with bonus Medicare cost worksheet: http://boomerbenefits.link/mini-course To learn about Medicare and Employer Coverage: https://boomerbenefits.com/new-to-medicare/medicare-and-employer-coverage/ Join our 40,000+ Fans on Facebook: http://www.facebook.com/BoomerBenefits ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Subscribe for NEW Youtube Videos whenever we publish them: https://www.youtube.com/c/BoomerBenefits ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Views: 531 Boomer Benefits
Medicare Revalidation 2014
The Affordable Care Act sparked revalidation efforts which began in 2011 and will continue until March of 2015 until all 1.5 million enrolled Medicare providers are revalidated. With all of the movement in practices, affiliations and consolidations, make sure you have not missed your revalidation and that you are prepared for the next revalidation cycle (yes, every 5 years!) In this 15 minute Express Webinar, Jackie Mayer reviews the basics of revalidation, covers steps you can take to avoid revalidation issues and provides some tips from the enrollment trenches.
Views: 851 MDeverywhere Inc.
Blue Cross and Blue Shield | Health care system | Heatlh & Medicine | Khan Academy
Sal and Dr. Baker talk a bit about Blue Cross and Blue Shield. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/science/health-and-medicine/health-care-system/v/conversation-about-drug-pricing?utm_source=YT&utm_medium=Desc&utm_campaign=healthandmedicine Missed the previous lesson? https://www.khanacademy.org/science/health-and-medicine/current-issues-in-health-and-medicine/ebola-outbreak/v/r-nought-and-vaccine-coverage?utm_source=YT&utm_medium=Desc&utm_campaign=healthandmedicine Health & Medicine on Khan Academy: No organ quite symbolizes love like the heart. One reason may be that your heart helps you live, by moving ~5 liters (1.3 gallons) of blood through almost 100,000 kilometers (62,000 miles) of blood vessels every single minute! It has to do this all day, everyday, without ever taking a vacation! Now that is true love. Learn about how the heart works, how blood flows through the heart, where the blood goes after it leaves the heart, and what your heart is doing when it makes the sound “Lub Dub.” About Khan Academy: Khan Academy is a nonprofit with a mission to provide a free, world-class education for anyone, anywhere. We believe learners of all ages should have unlimited access to free educational content they can master at their own pace. We use intelligent software, deep data analytics and intuitive user interfaces to help students and teachers around the world. Our resources cover preschool through early college education, including math, biology, chemistry, physics, economics, finance, history, grammar and more. We offer free personalized SAT test prep in partnership with the test developer, the College Board. Khan Academy has been translated into dozens of languages, and 100 million people use our platform worldwide every year. For more information, visit www.khanacademy.org, join us on Facebook or follow us on Twitter at @khanacademy. And remember, you can learn anything. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Health & Medicine channel: https://www.youtube.com/channel/UC1RAowgA3q8Gl7exSWJuDEw?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 85286 Khan Academy
Is Viagra Covered By Insurance 2016?
Find your covered drugs anthem. Each medicare advantage your unitedhealthcare pharmacy benefit provides coverage for a comprehensive selection of 2016 traditional pdl (7 1 16 12 31 16) doctors say there are many 'barriers' that insurance companies have put in updated 10 03 am et, wed june 29, so when she wanted to take the new 'female viagra' her sexual problems, figured would go smoothly, as well. It's just a set october 6, 2016. 28 sep 2015 insurance coverage for viagra and other ed medications is a nice extra for many men, since many prescription drug programs don't cover it at all. Find anthem bluecross blueshield (bcbs) health and medical insurance Does anyone know if covers viagra, levitro cialis? . Between them? Posted 29 mar 2016 1 answerfaq by drugs my insurance only covers 9 viagra pills a month. For many americans with health insurance, more than 50 popular brand name and generic drugs may no longer be covered starting in january 2016 23 feb the different ways insurance companies treat viagra for men birth control women show inherent sexism legal biases involved 21 jun june 21, by rob schwab leave a comment. Surprising absolutely nobody, insurance companies are not medicare part d formulary list and drug costs silverscript. Insurance won't pay for women to have pleasurable sex cnn. Does anyone know if insurance covers viagra, levitro and cialis? Drugs viagra cialis 571880. Generally, coverage for 'off label use' is allowed only when use supported by health insurance and medical individuals, families & employers. Html url? Q webcache. If you would like coverage for your medications, can enroll in a medicare advantage prescription drug plan or part d stand alone. Insurance companies are covering things for men that they're not 24 jul 2008 we couldn't find any data show a disparity between health insurance cover viagra and those birth control out if your new plan will prescriptions learn where to get medications tips ordering prescription drugs by mail 1 jan 2016 january. The insurance provider said this week that it will be dropping 26 drugs from its formulary, or list of covered medications original medicare, part a and b, provides limited coverage prescription. But those who are used to getting a discount on viagra because their insurance uses cvs caremark as its pbm will face higher costs for starting in 2016 cost of covered by. Get results today 29 jun 2016 that came to be known as the 'female viagra,' hit market in october 2015, more difficult get insurance coverage for addyi than viagra use easy drug pricing quote learn drugs covered and costs. Googleusercontent search. Affordable medications at a discounted price oyui genuine drugs! #1 solution. Does medicare cover viagra? Senior65. 2016 empire plan flexible this drug list represents a summary of prescription coverage. Cost of viagra covered by insurance 2016 top choice what to do when cvs caremark drops coverage cbs newsunitedhealthcare pharmacy prescription drug list. Can i buy
Views: 119 Sparky Insurance
Episode 4 - Tax-Deferred Savings
Welcome to Planning Your Financial Future – the series that’s going to help you prepare for retirement. As you view this video series, use this checklist as a guide to help you start planning your financial future today. https://www.calpers.ca.gov/page/education-center/member-education/planning-your-financial-future-checklist
Views: 12235 CalPERS
Equitable Life 101 Webinar
http://MedicareAgentTraining.com Equitable Life & Casualty overview webinar on their awesome hospital indemnity, Medicare supplement and final expense products. For contracting, see: http://SellMedicareByPhone.com This and many more webinars are available 24/7 for secure members at: http://MedicareAgentTraining.com
HCA Plans to Pay $2 Billion to Private-Equity Owners
Nov. 9 (Bloomberg) -- HCA Inc., the hospital chain acquired four years ago in a $33 billion leveraged buyout, plans to issue a $2 billion dividend to pay private-equity owners including KKR & Co. and Bain Capital LLC. The dividend will be partly funded with a $1.5 billion high-yield bond issue, according to a statement today by the Nashville-based company. Bloomberg's Cristina Alesci reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
Views: 209 Bloomberg
7 Core Elements of Retirement Planning
****Download your Free copy the 7 Core Elements of Retirement Planning Guide Here; http://moneyevolution.com/7-core-elements-retirement-planning-guide/ Are you planning to retire in the next 5 years and want to feel more confident that you will be able to live the retirement lifestyle that you want? Your retirement lifestyle will be based on how well you optimize what I call the 7 Core Elements of Retirement Planning. On my new free video I will breakdown each of the 7 core elements and show you... ****How saving money for retirement in the wrong account could cost you unnecessary taxes. ****The key factors you need to consider when deciding when to begin collecting Social Security, and how to coordinate your benefits with your spouse. ****Why healthcare costs may be one of the most overlooked or underestimated retirement expense, and, how to plan for healthcare expenses before and after Medicare. ****Easy to follow worksheets to help you estimate how much your retirement could actually cost, and, how to determine how close you may be to reaching your dream retirement. Plus, as a bonus you can also download my latest guide with worksheets and more detailed discussion on each of the 7 core elements.
Views: 5486 Money Evolution
10 Things You Must Know Before You Retire
Retirement is something that most people look forward to - at least in theory. In reality, however, many people are either mildly apprehensive or downright scared about retirement because of the impending lifestyle changes and the financial requirements.IN PICTURES: 5 Tax(ing) Retirement Mistakes The 2010 Retirement Confidence Survey (conducted by the Employee Benefit Research Institute) indicates that 27% of Americans have less than $1,000 in savings for retirement, and that only 46% of workers have tried to calculate how much money they will need to have saved for retirement. While fear of retirement can motivate some people to take control of their finances and retirement planning, it can create a deer-in-the-headlights reaction in others; that is, some people simply do nothing about retirement. (Learn more, in 10 Steps To Retire A Millionaire.) While it is certainly to one's benefit to plan early for retirement, it's never too late to stop staring at the headlights and start planning. Every bit of savings can help secure a more enjoyable retirement. Here are 10 things you should know before you retire. Your Retirement ExpensesIn order to start planning for your retirement, it is important to determine how much money you will need each year to live comfortably during your retirement years. While this amount will be different for each person or couple, the rule of thumb is that retirees should plan on living on 70-80% of their current annual income. Many factors can affect this number, such as health care or expensive retirement hobbies, but this range is a good place to start. Retirement expense worksheets are helpful in estimating monthly financial requirements. Where Your Income Will Come From Once you know how much money you will need for retirement, you can strategize on how to meet these goals. Social Security, Employer-sponsored retirement plans, IRAs, annuities and dividends all provide retirement income. A session with a qualified financial planner can be helpful in deciding what will work best for your situations and goals. Personal Goals for Retirement Knowing your personal goals is important not just in terms of affordability, but also for quality of life during retirement. After long careers of working hard with limited free time, many people mistakenly assume that they will be satisfied doing nothing. This approach can be a set-up for disaster, not to mention a stressor on spousal relationships. Making plans for travel, learning, hobbies or volunteering can help smooth the transition into retirement and ensure that time is well spent. Plans for Maintaining a Healthy LifestyleYou know the old saying, healthy body, healthy mind? Part of a well-rounded retirement plan includes provisions for maintaining a healthy, fit lifestyle. A retirement can be more productive, fulfilling and enjoyable if a healthy lifestyle is emphasized. Eating well, exercising and staying hydrated are important to your mental and physical hea
Views: 17 retirement living
"Single Premium Life Insurance"- Advice From A Real Agent- Single Premium Whole Life Insurance
Single Premium Life Insurance- Watch This Video to learn the ins and outs of single premium whole life insurance from a 16 plus veteran of the insurance world. If you have been debating putting money into a single premium life insurance whole life plan- let me simplify the process for you. In this video I am going to talk about the benefits and downfalls of a single premium life insurance plan! "single premium whole life insurance" single premium whole life http://youtu.be/vZDH0E1FiYw
Advanced Health - Hot or Not
Advanced Health was listed on the JSE in April 2014, and owns a number of day clinics in Australia, eMalahleni, Roodepoort and Soweto. It does not yet pay dividends. Guest Joseph Busha from JM BUSHA Investment Group and resident expert Paul Theron from Vestact decide whether Advanced Health is hot or not.
Views: 82 CNBCAfrica
3 Ways to Maximize Your Retirement Money to Leave to Your Kids
http://IncredibleRetirement.com 800-393-1017 We recently had a question call from a subscriber looking for ideas on how they could maximize the amount of money they leave to their kids. Virtually all of their money is in retirement accounts. Thanks to a nice pension and social security, they really didn't think they would need any of the retirement account money for themselves. Here's three ideas we gave them: 1. Assuming your children are responsible with money even large sums of money, just leave your money inside your retirement accounts and take required minimum distributions when you must do so. When your children inherit the accounts, they can set up a beneficiary-directed account. They would not be subject to the 10% early withdrawal penalty tax if they take money from the account even if they have not yet turned 59-1/2; however, they would have to take required minimum distributions based on their age if the account is set up and structured properly. But…if your retirement accounts are over $500,000 you could end up paying higher Medicare premiums if you go this route. 2. Start doing partial Roth IRA conversions. Every year convert as much of your retirement money as possible without pushing you into the next higher tax bracket. Money in Roth IRAs are not subject to required minimum distributions, which will help to keep your future required minimum distributions lower and hopefully keep you from having to pay higher Medicare premiums after you turn 701/2. When the kids inherit the Roth IRA account, they will have to take distributions but they won't pay tax on any of the accumulated earnings. This strategy only makes sense if you can pay the increased tax bill when doing the conversion using non-retirement plan money. 3. If you don't need your required minimum distributions, instead of reinvesting them in traditional investments like stocks, bonds or mutual funds, consider purchasing life insurance naming your children as beneficiaries. This could provide them a guaranteed inheritance via the life insurance benefit regardless of how the investments in your retirement accounts perform or if you end up using some of the money yourselves. If you use a low cost as in no commission-type policy or even term insurance, when you view the premium as an investment and the death benefit as the future value of the investment depending on how long you live, the investment rate of return so to speak could look very attractive. By the way, we are fee only financial advisors acting as fiduciaries for our clients, which means we don't sell insurance. So you don't have to worry about my life insurance suggestion wondering whether or not I'm trying to sell your life insurance. If your plan is to leave some money to your kids, especially if it's a large sum of money, your best investment is making sure they are educated in how to manage finances so they don't get taken advantage of or shoot themselves in the foot making mistakes on their own.
Views: 182 Brian Fricke
Savings Plus - Putting Your Deferred Compensation to Work for You
Start planning for your retirement at any age. Learn how you can develop your retirement plan.
Views: 4459 CalPERS
Healthcare Costs Will Be Heading Lower Says Universal American CEO
It’s not easy for Universal American (UAM) to compete against giant healthcare insurance providers like UnitedHealth, Humana and Cigna. Still, CEO Richard Barasch said his company does have some advantages because healthcare, like politics, is a local business. 'We are the largest Medicare HMO in Houston and in that market we have plenty of scale compared to the larger national companies,' said Barasch. 'We are the largest sponsor of ACOs (Accountable Care Organizations) throughout the country. It’s a niche business and we’ve developed a nice spot in that business that enables us to compete with the larger carriers.' Universal American, down 28% so far in 2015, is a Medicare Advantage company, which means that the government pays it a capitation rate for everyone who signs up with it to provide them coverage. The trade-off is that they are coming out of original Medicare in order to get more benefits inside of Medicare Advantage. 'What they give up is a little bit of flexibility on who they can go to. So we are private Medicare,' said Barasch. The company does not pay a dividend, but it has paid a series of special dividends. It has paid almost $20 per share worth of dividends to investors since 2011, according to Barasch. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet
3 Big Retirement Withdrawal Mistakes
For more information on our WealthVision Financial Plan check out our info page here; http://moneyevolution.com/wealthvision/ For access to the 7 Core Elements of Retirement Planning Video Series and Action Guide Click here. http://moneyevolution.com/7-core-elements-yt/ Today I'm going to talk about Three Big Retirement Plan Withdrawal Mistakes. If you're planning for retirement, you're going to be looking at how you can make a transition from what we call the retirement accumulation phase, when you've been saving and investing money for your retirement, into the retirement withdrawal phase. You're going to take some of that money that you saved, and you're going to start distributing that money back to you, by starting to take some withdrawals. There's three big mistakes that we see people make here. Mistake number one is probably the most common one that we see, and it's Waiting Too Long to Begin Taking Withdrawals. And this mistake can actually compound into a couple of other little mistakes that actually can cost you a lot of money. People will often begin taking their Social Security benefits as early as they can at age 62, and not only does this prevent them from getting a bigger Social Security check and kind of maximizing that, but it also means that they're delaying taking their retirement plan withdrawals, and what that does is compound itself down the road, because as many of you probably know, at 70 1/2, the IRS is going to mandate that you're going to start taking some withdrawals from those retirement accounts. It's called the Required Minimum Distribution Rules. And what that might do is push you up into a higher tax bracket at that time, and on top of that, it can also affect your Medicare premiums as well, because your Medicare premiums are tied to the level of income that you make. So the more money you make, the more you pay for Medicare. One of the things that we look for, though, as a way to kind of get around this mistake is to really map out some of those cash flows. One of the things that we identified is that by taking some retirement plan withdrawals early on in retirement we can take advantage of what we call low tax years. If you're waiting to take Social Security, for example, or maybe your pension doesn't kick in right away, you might have few years early on in your retirement where you're in a very low tax bracket. By taking some of those retirement plan withdrawals early, you can take advantage of those low tax years and at the same time, help you get a bigger Social Security check down the road. It could also take some pressure off of some of those required minimum distributions. Maybe some of those won't be so high and pushing you up into those higher tax brackets. We can also look at doing some Roth conversions too as a way to take advantage of some of those low tax years. The second mistake is Taking Your Distributions At Too High Of A Rate. What I mean by this is that there are some schools of thought out there. Probably the most prominent of these is something called the four percent rule. This was created by financial planner, William Bengen back in the 90s, and he did a lot of math, studied some probability and statistics, and said that if you limit your retirement plan withdrawals to no more than four percent of your entire portfolio each year, you should have a pretty good chance that your money is going to last you throughout the rest of your lifetime. If we think about the four percent as kind of our withdrawal rate that we should be targeting, consider that if we go up to five or six percent, it may not seem like a big difference, but looking at the math, your probability of running out of money goes up pretty high once you start getting up to five, and especially once you get up to six percent or more. The last mistake is Not Understanding Your Cash Flow Needs. One of the things that we want to understand are some of the variabilities that you might be experiencing with your income and your expenses in retirement. Here we talk about the sequencing of returns. That's what William Bengen did when he did his research on the four percent rule. If we're earning, let’s say, a six or seven percent average return over time, because of the sequencing of returns, we could end up with a bad string of years where we're not earning that average or we have down markets, what is the impact of that on our long-term ability to sustain our retirement withdrawals? One of the ways we can get around this is to use a bucket strategy. What that means is we keep one to two years worth of liquid cash reserves in an account that's very safe, very accessible, so that as you need money to supplement your retirement, we don’t have to take it out of some of the riskier investments that might be in the stock or the bond market. (continued on blog)
Views: 516 Money Evolution
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Views: 31762 retiresharp
Tax Strategies For High Income Individuals
For more information on out WealthVision Financial Plan, click Here... http://moneyevolution.com/wealthvision/ Do you have money saved for retirement in a non-retirement account? Make too much money to contribute to a Roth IRA. Are you getting hit with the 3.8% Medicare surtax on investment income? In this episode I discuss strategies to potentially shift more of your investment assets to tax advantaged retirement accounts that could save you money in taxes. Even if you don't qualify for a Roth, or already think you're maxing out all of your retirement plans, you may still have options! After watching this video Check out our comprehensive financial plan to learn how we can help you address the 7 core elements of retirement planning. http://moneyevolution.com/wealthvision/ Blog http://moneyevolution.com/2018/04/27/tax-strategies-for-high-income-individuals/
Views: 1277 Money Evolution
Level Funded Health Insurance Plans
If you have between 10 and 99 employees, you can now lower costs and improve the care your employees receive. You can: • offer a variety of plans to your employees • offer plans that aren't limited to fixed networks like traditional HMO’s or EPO’s, so if an employee needs specialized care, they can go out of state or out of network to get it. • receive a dividend if the claims paid were less than the premiums paid (if claims outweigh premium, you don’t pay more).
Views: 831 Daniel Ritter
Social Security and Medicare
As you look ahead to retirement, learn about Social Security and Medicare from a Social Security Administration claims specialist through presentation held on campus. Topics include Medicare eligibility, filing procedures, enrollment periods and Social Security benefits in your retirement.
Views: 1908 U-M Human Resources
6 Signs You re Ready to Retire Early
They're questions nearly all young and middle-aged workers have asked themselves: Should I leave my job and retire early? What would I need? How do I know I'm ready? If you're considering retiring early, you'll forego not only the headaches of working, but also the additional money earned that could have made your retirement even more comfortable. To help you decide, here are six signs you may be able to retire early instead of continuing to work. 1. Your Debts Are Paid Off If your mortgage is paid off and you don't have any loans, credit lines, large credit card balances or other debt, you won't have to worry about making large payments during retirement. This leaves your savings and retirement income available to enjoy life after work, and free to use in the event of an emergency, rather than having it tied up in paying off large bills. 2. Your Savings Exceed Your Retirement Goals You planned, set a goal for retirement savings and now your investments meet or exceed the amount you were hoping to save. This is another good sign you could take early retirement. However, keep in mind that if you do leave work several years before you planned to, your savings must be enough to cover these additional retirement years. If you didn't set up your retirement savings plan for an early retirement, you will need to recalculate the length of your savings, including these additional years. Also, depending on your age, you may not yet be eligible for Social Security or Medicare. Your savings will need to cover your expenses until you reach the eligible age. Think 'Rule 25.' Prepare to have 25 times the value of your annual expenses, says Max Osbon, partner, Osbon Capital Management, Boston, Mass. Why 25? It's the inverse of 4%. At that point, you only need to achieve a 4% return per year to cover your annual expenses in perpetuity. 3. Your Retirement Plans Don't Have an Early Withdrawal Penalty No one likes to pay unnecessary penalties, and early retirees going to a fixed income are no different. If your retirement savings include a 457 plan, which doesn't have an early withdrawal penalty, retiring early and withdrawing from the plan won't cost you extra in penalties; but take note – you'll still pay income tax on your withdrawals. There's also good news for wannabe early retirees with 401(k)s. If you continue working for your employer until the year that you turn 55 (or after), the IRS allows you to withdraw from only that employer's 401(k) without penalty when you retire or leave, as long as you leave it at that company and don't roll it into an IRA. However, if your 59th birthday was at least six months ago, you're eligible to take penalty-free withdrawals from any of your 401(k) plans. These policies generally apply to other qualified retirement plans besides a 401(k), but check with the IRS to be sure yours is included. There is a caution, however: If an employee retires before age 55 [except as noted above], the early retirement provis
Views: 28 retirement savings
Asset Location: Where to Hold Your Assets Based on Tax Efficiency
There are three types of accounts where you can hold your assets. Determining which accounts you place certain assets, based on tax-efficiency and expected return, can have a significant impact on your after-tax net returns. Taxable accounts, such as your individual accounts and trust, are taxed at the capital gains tax rate when distributed. Deposits in this account are after-tax. Tax-free accounts, such as a Roth IRA, grow 100% tax-free and there is no tax on distributions. However, you do pay tax on the deposit based on ordinary income. Tax-deferred accounts are subject to ordinary income tax rates upon distribution, but there is no tax paid on the deposit, instead, it's deferred until later. In this video, Jason Thomas, CFP® explains how to strategically locate your assets to try to produce the highest after-tax net returns. Important Points: (00:12) - The difference between Asset Location vs. Asset Allocation (00:52) - There are three different pools of money and they are all taxed differently: tax-free, taxable, and tax deferred (01:56) - Where to place tax inefficient items and tax advantage items (02:15) - Where to place the investments: stocks (02:44) - Where to place the investments: bonds (03:31) - Where to place the investments: mutual funds (04:30) - Where to place the investments: exchange traded funds (ETF) (06:25) - Prioritizing assets classes (07:36) - Asset Allocation If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/ Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” https://www.youtube.com/subscription_center?add_user=PureFinancialCFP Channels & show times: http://yourmoneyyourwealth.com https://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Confused About "Admitted" & "Non-Admitted" Private Health Insurance?
http://www.healthinsurancegroup.co.uk/ Migrants from the UK are being met with confusing choices and restricting rules when taking jobs and trying to acquire international private health insurance in some countries, experts suggest. This video will explain just why British expats are having such difficulty in other countries. Expatriate advice site expatsblob.com has suggested in February 2013 that those emigrating to Abu Dhabi, China and Russia in particular should be especially careful when purchasing medical insurance. Policies are divided into two different groups, the website suggests, 'admitted' and 'non-admitted'. A non-admitted policy has not received approval within a specific country, and may not conform to the local law. However, an admitted policy can often be no more effective than non-admitted policies. The key advice given is to make sure that the policy taken out will be recognised in the country citizens are migrating to, as well as whether emergency medical bills will be covered. Carol Porter, a spokesperson for The Health Insurance Group recently said, "This is a particular example of where advice from a specialist international healthcare intermediary is crucial when considering the healthcare benefits required whilst living and working abroad. Our selected insurance providers are able to issue compliant policies that fully conform to local laws but also provide a comprehensive level of benefits that would be expected by our clients, no matter where in the world they work or reside."
Tax Advantages of Dividend Income
Are you planning on setting aside extra savings in the near future? When you're building savings for a long-term goal like retirement or education, keep in mind the tax implications of your investment. If you're earning bank interest, you pay income tax on that interest. But if you invest in stocks that pay a dividend, you can reduce taxes and keep more money for financial goals. Here are the tax advantages of dividend income... For more information please call (403) 270-1551 or visit www.westcormortgage.com.
Taxes, Trade,Tariffs and Trump with Robert Reich and Stephen Moore -- Point/Counterpoint
(Visit: http://www.uctv.tv) In an effort to bridge political divides, the UC Berkeley Office of the Chancellor and the Center on Civility & Democratic Engagement host a spirited conversation on taxes, tariffs, trade and President Trump with two economists known for their opposing views: Goldman School of Public Policy Professor and former US Secretary of Labor Robert Reich and Stephen Moore, a visiting fellow for the Project for Economic Growth at the Heritage Foundation. Recorded on 03/20/2018. Series: "Richard and Rhoda Goldman School of Public Policy at UC Berkeley" [5/2018] [Show ID: 33505]
What Hillary Clinton really thinks
Hillary Clinton’s theory of politics is unfashionable, but she doesn’t care. Subscribe to our channel! http://goo.gl/0bsAjO On page 239 of What Happened, Hillary Clinton reveals that she almost ran a very different campaign in 2016. Before announcing for president, she read Peter Barnes’s book With Liberty and Dividends for All, and became fascinated by the idea of using revenue from shared natural resources, like fossil fuel extraction and public airwaves, alongside revenue from taxing public harms, like carbon emissions and risky financial practices, to give every American “a modest basic income.” Her ambitions for this idea were expansive, touching on not just the country’s economic ills but its political and spiritual ones. “Besides cash in people’s pockets,” she writes, “it would be also be a way of making every American feel more connected to our country and to each other.”  This is the kind of transformative vision that Clinton was often criticized for not having. It’s an idea bigger than a wall, perhaps bigger even than single-payer health care or free college. But she couldn’t make the numbers work. Every version of the plan she tried either raised taxes too high or slashed essential programs. So she scrapped it. “That was the responsible decision,” she writes. But after the 2016 election, Clinton is no longer sure that “responsible” is the right litmus test for campaign rhetoric. “I wonder now whether we should’ve thrown caution to the wind, embraced [it] as a long-term goal and figured out the details later,” she writes. What Happened has been sold as Clinton’s apologia for her 2016 campaign, and it is that. But it’s more remarkable for Clinton’s extended defense of a political style that has become unfashionable in both the Republican and Democratic parties. Clinton is not a radical or a revolutionary, a disruptor or a socialist, and she’s proud of that fact. She’s a pragmatist who believes in working within the system, in promising roughly what you believe you can deliver, in saying how you’ll pay for your plans. She is frustrated by a polity that doesn’t share her “thrill” over incremental policies that help real people or her skepticism of sweeping plans that will never come to fruition. She believes in politics the way it is actually practiced, and she holds to that belief at a moment when it’s never been less popular. This makes Clinton a more unusual figure than she gets credit for being: Not only does she refuse to paint an inspiring vision of a political process rid of corruption, partisanship, and rancor, but she’s also actively dismissive of those promises and the politicians who make them. On Tuesday morning, I sat down with Clinton for an hour on the first official day of her book tour. It is a cliché that stiff candidates become freer, easier, and more confident after they lose — see Gore, Al — but it is true for Clinton. Jon Stewart used to talk of the “buffering” you could see happening in the milliseconds between when Clinton was asked a question and when she answered; the moments when she played out the angles, envisioned the ways her words could be twisted, and came up with a response devoid of danger but suffused with caution. That buffering is gone. In our conversation, she was as quick and confident as I’ve seen her, making the case for her politics without worrying too much about the coalitional angles or the possible lines of offense. And she says plenty that can, and will, offend. In our discussion, she lit into Bernie Sanders’s single-payer plan, warned that Donald Trump is dragging us down an authoritarian path, spoke openly of the role racism and white resentment played in the campaign, and argued that the outcome of the 2016 election represented a failure of the media above all. This was Clinton unleashed, and while she talked about what happened, it was much more interesting when she talked about what she believed should have happened. - Ezra Klein Editor-in-chief, Vox This interview was recorded on September 12, 2017. Thumbnail image by Kainaz Amaria. Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o
Views: 773481 Vox
How Social Security Can Help You Plan for Retirement
http://www.socialsecurity.gov/ Understanding the role that Social Security plays in retirement planning is vital. In addition, knowing the planning tools and other help available from Social Security makes planning so much easier. For more information about planning for your retirement, go to the Social Security Retirement Planner on our website. http://www.socialsecurity.gov/retire2/
Aetna fattens shareholder payout after Humana deal fails
Aetna is doubling the quarterly dividend it pays shareholders and buying back stock as it regroups from its failed attempt to acquire rival health insurer Humana.
Views: 87 WTNH News8
CLRA - Health Insurance Vocab - Fee for Service
Health Insurance Vocab - Fee for Service: A method in which doctors and other health care providers are paid for each service performed. Examples of services include tests and office visits.
Views: 1187 CLRA Group
A Medicare/Managed Care-Free Out-Patient Surgery Center, G Keith Smith, M.D.
Presentation at the Association of American Physicans and Surgeons 65th Annual Meeting. September 10, 2008
Introduction to Medicare - Overview of the Medicare Program
This presentation provides an overview of the Medicare program including its structure and content. Topics discussed include the type of eligibility into the Medicare program, benefits (Parts A, B, C, & D), coverage and costs of the program. This presentation also reviews enrollment demographics of the Medicare population.
Views: 4897 ResDAC
Health Insurance For Elderly Over 65
Visit: http://getyourerectionsback.com/affordable-health-insurance-for-elderly/ Affordable Health Insurance For Elderly Over 65. Although many of the medical concerns experienced by elderly people are not necessarily urgent, such as problems with knees and waist, they are still very much an on going issue. Those affected are often experienced with long patiently waiting lists on the NHS and by the time therapy is available the issue may have complicated. Mature wellness insurance plan plan is designed to give those in need fast effective therapy in assisted living facilities. Many policies will also provide personal rooms and ambulances. https://www.youtube.com/watch?v=hphWW1a8eHA There are three main types of senior programs available: Basic A primary insurance plan strategy aims to protect essential therapies and will also provide discussions, assessments and conditions that need an over night remain will also be fully covered. This implies that primary senior wellness therapy will be offered quickly cheaply. Comprehensive As well as full protect for primary ailments that need an over night remain. A extensive elderly insurance plan strategy will also provide therapies, discussions and assessments where an over night remain is not necessary. In addition to this extensive programs are far more likely to provide services such as home medical and personal ambulances if they are required. A extensive strategy will also provide a greater stage of physical rehabilitation than a primary strategy. https://www.youtube.com/watch?v=21FDTUM8-5Q Mid Variety The stage and variety of coverage available with these programs can differ widely between suppliers, for example some primary programs will protect for assisted living facilities, whereas others will not. With this in mind a variety of suppliers are now offering programs that are positioned in the middle of the two. With this kind of strategy clients are able to select specific requirements or highlight any main concerns they may have. With this kind of plan clients are able to choose the most appropriate protect for them. Before choosing a plan, applicants must take into consideration what they can afford. Even though we all want the best protect available this is not always an choice. However to help make senior wellness insurance plan plan more cost-effective and reduce your premiums there are several options available. http://healthinsuranceforsenior.com/health-insurance-plans-age-50-65/ Six week wait With this choice clients will agree to have therapy on the NHS if the patiently waiting record in less than 6 several weeks. If the patiently waiting record is longer than 6 several weeks then personal therapy will be arranged. Implementing this choice indicates that clients will receive therapy within 6 several weeks, whether privately or through the NHS. https://www.youtube.com/watch?v=fssfKqJ5Cfg
Blunt & Lankford: Lifelong Income
Guaranteed income for life. Retirement experts Kim Lankford of Kiplinger’s and New York Life’s Christopher Blunt discuss strategies to avoid outliving your nest egg. WEALTHTRACK #1243 broadcast on April 15, 2016
Views: 9857 WealthTrack
The Number-One Annual Expense for Seniors May Be Taxes - Right on the Money – Part 1 of 5
Sub Headline: Managing Taxes in Retirement Can Dramatically Increase Cash Flow Synopsis: When it comes to retirement income, every dollar counts. There’s no middle-class senior blowing through money like there’s no tomorrow. Many retirees are on a budget with little room to spare. One unforeseen bill can dig a financial hole that may take months to crawl out of, and for many it’s so unnecessary. Managing your taxable retirement income is the key to creating cash flow and discretionary dollars at the end of every month. Content: The number-one annual expense rarely listed as a budget item is taxes. Implementing a few simple tax-advantaged strategies could reduce your reportable income and generate cash flow. Every senior should know the basics of tax planning. The money you’ll save will be worth the time you put into it. Often, financial advisors don’t address tax issues and tax accountants don’t address investments. But a good retirement professional understands both and how they are correlated to each other. Watch the interview with retirement consultant Bruce Bullock as he discusses the number-one expenses for most Americans. A preamble to implementing tax-advantaged strategies is first knowing the moving parts and how the integrate with one another. This is similar to knowing the functions of each chess piece and their movements on the board. Until you know that, you can’t use the strategies. 1) Categorize your money into three distribution silos: taxable monies, tax-deferred monies and tax-free monies. 2) How do these distributions effect the taxation on your Social Security benefits? 3) Create three age-based timelines: from age 59½ to age 69, from age 70 to age 85 and from 86 to life expectancy. For many Americans, income from Social Security benefits is the foundation of their retirement. Maximizing your benefits and minimizing the taxes on them is a significant strategy. Delaying benefits until age 70 will significantly increase your income, but also will be the lifetime income benchmark for the surviving spouse. Distribution income from taxable qualified plans, municipal bond income, non-qualified income from CDs, mutual funds and ETFs all are includable on the provisional income test to determine the taxation on your Social Security benefits. So are there alternative distribution strategies to minimize taxation. Keep in mind Medicare is means tested, so reducing reportable income affects that as well. Using tax-deferral products like deferred annuities is also an option that can forestall taxes. Tapping into the equity in your home and cash-value life insurance via tax-free loans can fund an early retirement between the ages of 62 to 70, while delaying Social Security benefits. These are just a few examples on managing your retirement resources with tax-advantaged strategies to help you keep more of your money. Syndicated financial columnist Steve Savant interviews retirement consultant Bruce Bullock creating a tax advantaged retirement. Right on the Money is a weekly financial talk show for consumers, distributed as video press releases to 280 media outlets nationwide. (www.rightonthemoneyshow.com) https://youtu.be/NZprV_DrbOs
Mid Year Tax Tips
Mid-Year Tax Planning Tips - 2014 Hello and thank you for visiting. I'm Steve and in this video I will discuss a few tax tips which I recommend reviewing with your tax professional. The first idea to consider involves itemized deductions versus the standard deduction. As you likely know, you cannot claim certain deductions unless the aggregate total of those deductions exceed the standard deduction. In 2014, this value is $12,400 for MFJ, $6,200 for Singles, and $9,100 for HOH. Some of the common itemized deductions include: medical/dental expenses, state income and property taxes, education expenses, charitable contributions, and mortgage interest among others. And if you have taken advantage of the lower mortgage rates over the past several years, then chances are... you are paying substantially less interest than ever before... And there's a chance you may soon find yourself claiming the standard deduction as opposed to itemizing. So here's the idea - consider bunching together your deductible expenditures every other year so you may benefit from itemizing while claiming the standard deduction in the alternate years. Following this strategy may cut your taxable income by a meaningful amount over the two-year period and you can continue to repeat this course of action in future years. The second idea to consider involves taking advantage of the zero-percent rate on investment income. For 2014, the federal income tax rate on long-term capital gains and qualified dividends is zero-percent for individuals within the 10% or 15% federal income tax rates. This means your income (including the capital gains and dividends) is below $73,800 for MFJ or $36,900 for Singles. Chances are, your income may be too high for this to apply to you but you likely have children, grandchildren or other family members who will be in the bottom two brackets. This strategy could work very well in situations where you're already paying for a child's education or an elder parent's care. A word of caution, though... Kiddie Tax rules will likely apply to dependents under the age of 24 which means unearned income in excess of $2,000 (for tax year 2014) will be taxed at their parent's rate. Gifting rules will also apply. Currently, an individual can gift $14,000 to another individual or a couple can gift $28,000 to an individual without reducing their respective unified federal gift and estate tax exclusions. The last idea for this video involves your retirement plan (or lack thereof). The subject of qualified retirement plans will require a separate video so here are the basic highlights: if your business does not offer a plan, consider starting one soon or contribute more to the one already in place to help reduce your taxable income. As of 2014, a 401(k), 403(b) and 457 allow contributions up to $17,500 with a $5,500 age 50+ catch-up. SIMPLE plans allow contributions up to $12,000 with a $2,500 age 50+ catch-up. Traditional and Roth IRAs allow annual contributions up to $5,500 with a $1,000 age 50+ catch-up if you're eligible. Depending on your income and the type of plan in place, as much as $52,000 can be contributed to your retirement account. I hope you found this video to be informative and useful towards your personal financial success. If so, then please browse and subscribe to my channel so you can receive alerts anytime a new topic is posted... and don't hesitate to send me a request for additional topics. Thank you and I look forward to your feedback! Steve LaFrance, CFP, MBA 1008 Hutton Lane, Suite 101, High Point, NC 27262 336.885.2530 | steve@blakelyfinancial.com | www.blakelyfinancial.com *Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Advisor. Fixed insurance products and services offered by Blakely Financial, Inc. are separate and unrelated to Commonwealth Commonwealth Financial Network® does not provide legal or tax advice. Blakely Financial, Inc. does not provide legal or tax advice. You should consult a legal or tax professional regarding your individual situation.
Views: 72 Stephen LaFrance
Tax Difference between LLC and S-Corp - LLC vs. S Corporation explanation (FREELANCE TAX & 1099 Tax)
Best LLC vs. S-Corp walk through on the internet! Follow us at: Twitter - https://twitter.com/feedbackwrench Facebook - https://facebook.com/feedbackwrench Instagram @feedbackwrench What's the tax difference between an LLC and an S-Corp? What's better, an S Corp or an LLC? How to convert to an S Corporation? Are there tax savings when you become an S-Corp? What business type should I be? How to choose a business type? There are dozens of questions that people have concerning their business entity type. The bottom line is that people are usually trying to pay their fair share and not a penny more - that's the most important thing to them. If you're looking for tax planning advice, ways to reduce your taxes, legal tax loopholes, the best tax loopholes for small business or the best tax write offs for small business - the foundation starts with your business entity type. You should make a wise decision about becoming a limited liability company taxed as a sole proprietor or an S-Corp, because it might save you in self employment, social security and medicare taxes. Social security taxes for an S-Corp are important to figure out! So is figuring out the medicare taxes on an LLC or an S-corp. We hope this video helps you out a ton!
Views: 171692 FeedbackWrench
How I got started in computers
In the fourth grade, I wanted to know how a TV was able to produce a moving image. I went to the library and checked out a book on electronics. I learned about cathode ray tubes and painting images 30 frames a second. I also learned about vacuum tubes and transistors. I got more books on electronics and started putting together simple circuits. I learned I could make a career out of electronics and laid out my plan to become and electrical engineer. In high-school, I learned about computers. I borrowed my sister Ellen's FORTRAN IV textbook and my cousin Danny's job-control card and handed my first computer program to the computer operator at Florissant Valley Community College. In 1978 at age 16 I wanted a part-time job, but did not want to work at a fast-food restaurant. I applied at Radio Shack, but was turned down because of my age. I then applied at a newly-opened computer store call Computer Country. Since they had just opened, the owner told me to come back in a couple of months. When I went back, I spoke to the owner's brother-in-law, Joe. He said he need a shine on his Hush Puppies. :-) He then open the case of an Apple ][ personal computer and asked me to point out the components inside. I proceeded to identify the RAM, CPU, ROM, and keyboard controller chips. He said he was starting a micro-computer distributorship and needed someone in the service department. He took down my contact info and promised to call. A few weeks later, he called and asked why I wasn't up there helping him to build the shop. I started as the third employee at High Technology, Inc., after Mark, Joe's childhood friend, who was the shipping department manager. High Technology was an awesome opportunity for me. I repaired computers and components, offered technical support to dealers and even helped trained some of them. I learned all about the Apple ][ and the peripherals as they came out. I learned how to program in BASIC, assembly language, and Pascal. I played with some of the first sound cards, voice recognitions cards and 5 MB Winchester disk drives. I held that job until I went off to college in Rolla in Fall 1981.
Views: 11 Stephen Veit
Harvard's Elmendorf Sees Muted Effect From Tax Bill
Nov.17 -- Douglas Elmendorf, Harvard Kennedy School of Government dean, discusses the House passage of its plan to overhaul the U.S. tax code. He speaks with Bloomberg's Julie Hyman on "Bloomberg Markets."
Views: 120 Bloomberg Politics
Insurance Industry Denies a Woman to Death
CIGNA insurance company denies a California woman to death, sparking outrage. Time to end corporate domination of our health care system--universal health care NOW!
Views: 2072 sptdonkey
Long Term Care Insurance Alternatives
There are a number of alternatives to dealing with your long term care needs. First, there is long term care insurance. This can be expensive and the premiums can be raised so that when you start a policy, you do not know what these premiums will be over the long term. Then there is an annuity with a long term care rider that will leverage your money to 2-5 times the amount of the cash value of your annuity. This is a good option if you have the money, but since this is a single premium annuity you would need at least $50,000 to $100,000 to place in the annuity for this to be a viable option for you. Finally, there is the option of using a permanent life insurance such an indexed universal life insurance with living benefits where you can draw on the face amount for your long term care needs and the balance will remain as a death benefit and go to your designated beneficiary. If you are in good health and can purchase this type of policy, this is a very good option because 1) it doesn't require the significant lump sum as with the annuity 2) you are not paying a large LTC premium that will probably continue to increase 3) you are not putting a LTC premium at risk should you not need the long term care insurance. With the life insurance policy option either you or your beneficiary will be paid.
Views: 87 Kaa Blue
Your HSA  A Triple Threat Investment Tool
Health savings accounts (HSAs) are tax-advantaged savings accounts designed to help people with high-deductible health plans (HDHPs) pay for out-of-pocket medical expenses. While these accounts have been available since 2004, too few Americans are taking advantage of them. According to a July 2015 report from the Employee Benefit Research Institute (EBRI), about 17 million people had HSA-eligible health insurance plans in 2014, but only 13.8 million of that number had opened an HSA. Moreover, people with HSAs had an average balance of just $1,933 – a pittance, considering that the allowable annual contribution in 2016 is $3,350 for those with self-only health plans and $6,750 for those with family coverage. What's more, the balance can be carried over from year to year and can move with you from job to job. You are not legally obligated to use it or lose it, as with a flexible spending account (FSA). (See Comparing Health Savings and Flexible Spending Accounts.) In addition, only 6% of HSAs were in investment accounts. EBRI found that virtually no one contributes the maximum, and nearly everyone takes current distributions to pay for medical expenses. All of this means that consumers who have HSAs, as well as consumers who are eligible for HSAs but haven’t opened one, are missing out on an incredible option for funding their later years. It’s time to start a new trend. Why Use an HSA for Retirement? An HSA's triple tax advantage, which is similar to that of a traditional 401(k) plan or IRA, makes it a top-notch way to save for retirement. 1. Your contributions to an HSA (which can be made via payroll deductions, as well as from your own funds) are tax deductible, even if you don't itemize. In addition, any contributions your employer makes do not have to be counted as part of your taxable income. 2. Your account balance grows tax free. Any interest, dividends or capital gains you earn are nontaxable. 3. Withdrawals for qualified medical expenses are tax free. This is a key way in which an HSA is superior to a traditional 401(k) or IRA as a retirement vehicle because once you begin to withdraw funds from those plans, you pay income tax on that money, regardless of how the funds are being used. Also better: Unlike a 401(k) or IRA, an HSA does not require the account holder to begin withdrawing funds at a certain age. The funds can remain untouched as long as you like, although you may no longer contribute once you reach 65 and are eligible for Medicare. To qualify for an HSA, you must have a high-deductible health plan and no other health insurance. A major concern consumers have about foregoing a preferred provider organization (PPO) or health maintenance organization (HMO) plan and choosing a high-deductible health plan instead is that they will not be able to afford their medical expenses. In 2015 and 2016, an HDHP has a deductible of at least $1,300 for self-only coverage and $2,600 for family coverage. Depending on your cov
Views: 11 retirement living
Obama vs. Romney: Second Presidential Debate
The second debate between President Barack Obama and Governor Mitt Romney from Hofstra University in Hempstead, New York hosted by Candy Crowley. Join the conversation on Facebook http://www.facebook.com/thedailyconversation Add TDC to your circles on Google+ https://plus.google.com/100134925804523235350/posts Follow The Daily Conversation on Twitter http://www.twitter.com/thedailyconvo
Views: 473589 The Daily Conversation
Top 5 tax strategies final
http://www.fee-for-service.com.au You should not invest solely to obtain a tax benefit. Tax should never be the driver of investment decisions, however, there are tax strategies to consider as part of wealth creation planning. 1. Pre-pay interest and small asset write-offs Individuals not in business are able to prepay interest on loans used to purchase income-generating properties or dividend-paying shares. This gives the investor an opportunity to bring forward a sizeable tax deduction to reduce taxable income Useful if one has extra income in the relevant year due to inclusion of a large capital gain Individuals can also write off expenditure on small asset acquisitions costing less than $300 outright that relate to income-earning activities 2. Superannuation Superannuation still represents a wonderful tax planning opportunity for most investors. If you are lucky enough to have your own self-managed superannuation fund (SMSF), which is invested predominantly in listed shares paying fully franked dividends, then the super fund may not even be paying any tax or even better, receiving a tax refund The government intends to reduce concessional contributions for those over 50 years old to $25,000 who have a super balance over $500,000, so it is important for those over 50 to maximise their concessional super before the new rule kicks in Low-income earners are encouraged to make an after-tax contribution to super as they may be eligible for a tax-free co-contribution benefit of up to $1,000. The only downside for the co-contribution is that the tax-free contribution made on your behalf by the government is locked away until retirement Invest one dollar and receive one extra dollar tax free, which has to be the best risk-free investment available. This strategy works well when you have both a high and low-income earner within the family unit Opportunity to claim a spouse rebate for super contributions made on behalf of a low-income spouse. The spouse rebate is worth up to $540 3. Salary packaging Some employers (not-for-profit sector) receive special fringe benefits tax (FBT) concessions, so it is important to maximise any such opportunities There are benefits that are exempt from FBT and then there are ones that receive concessional treatment, such as motor cars. Both these types of benefits should be looked at for inclusion into salary-sacrifice arrangements Employers can also benefit from salary-packaging opportunities as labour on-cost (work cover/payroll tax) can be lower under such arrangements 4. CGT discount/investment in LICs Hold onto investments for more than 12 months before you sell to take advantage of the capital gains tax (CGT) discount Investors often forget their CGT bill will be halved if they wait a little longer than 12 months before they get the temptation to sell Ability to claim an extra tax deduction in listed investment companies (LIC). LICs are not entitled to claim a 50 per cent CGT discount when they sell shares, but can transfer this benefit to shareholders. The entitlement appears as a notation on the investor's dividend distribution statement 5. Entity holding investment assets Probably one of the most significant tax planning strategies is to look at which entity within the family group holds the investment assets. You need to take into account what is the most important driver for your circumstances - asset protection, income-splitting flexibility, succession and estate planning. It can be as complex as setting up a discretionary trust or as simple as putting assets in the name of a low-income spouse Discretionary trusts are particularly useful as they tick most of the boxes when it comes to income splitting, asset protection, access to CGT concessions and succession planning. Advice from a suitably qualified adviser is recommended to help you sort through the maze
Views: 355 Bruce Graham
What is creditable coverage?
David Wallace, Wallace Boggs, PLLC, http://www.wallaceboggs.com/ - (859) 578-5410. Kentucky Employee Benefits Law FAQs: http://thelaw.tv/859/Employee+Benefits+Law Disclaimer: http://thelaw.tv/859/a/d/
Views: 164 wallacelawtv