The Medicare True-False Quiz: Test Your Knowledge

July 27, 2018
By:
Jamie Hopkins

Health care costs are one of the biggest concerns for retirees. For most American retirees, Medicare is their primary health care plan. Medicare is complicated, and understanding it is crucial to making smart decisions to help control health care costs.

New Tax Deduction 199A Will be Lost For Many In 2018

July 24, 2018
By:
Jamie Hopkins

The Tax Cuts and Jobs Act (TCJA), which was signed into law in December 2017 and began to take effect in 2018, created a new deduction for pass-through business owners. The deduction, called the 199A deduction, can in certain situations provide up to a 20 percent tax deduction on one’s qualified business income.

After SAFE Act Passage, The Battle Against Elder Financial Abuse Remains Far From Over,” Forbes

July 23, 2018
By:
Jamie Hopkins

Elder financial abuse impacts millions of Americans each year, to an estimated tune of $2.9 billion annually. The financial exploitation of senior Americans is only going to continue to grow as scams targeting that segment of the population become more sophisticated.

A New Retirement Risk: Unclaimed Property Laws

July 16, 2018
By:
Jamie Hopkins

Retirement planning can be extremely complex. I often describe it as trying to hit a moving target in the wind. The target is moving because an individual does not know with any certainty the exact date retirement will begin or the duration of the retirement period.

Simpler Variable Annuities Could Play A Big Role In Retirement Planning

June 18, 2018
By:
Jamie Hopkins

A secure retirement plan needs secure income sources. But figuring out how to sustain an income stream throughout retirement relies on an important component: having adequate savings to begin with.

The Reverse Mortgage Quiz: Test Your Knowledge

June 11, 2018
By:
Jamie Hopkins

Very few retirees or their financial advisers, however, know much about how to properly utilize home equity in retirement planning. Since most retired homeowners want to live in their houses for as long as possible, tapping into home equity must be done thoughtfully and through a well-informed, comprehensive retirement planning process.

Rewiring the Financial Planning Profession

May 7, 2018
By:
Jamie Hopkins

With stories of the Department of Labor Fiduciary rule breaking almost daily over the past three years, the news cycle will finally be shifting its focus to the SEC fiduciary rule as the DOL rule appears expiring. However, the DOL rule was one minor episode of a long transition towards a fiduciary model of financial planning.

True or False: Test Yourself on Social Security Basics

May 2, 2018
By:
Jamie Hopkins

Social Security is arguably the most important retirement program in the United States. For a secure retirement, it is critical that those near and in retirement understand how their Social Security benefits work. Unfortunately, research shows that many people don't.

Most Americans Don't Invest In Stocks For Retirement, But Still Fear Next Market Downturn

May 2, 2018
By:
Jamie Hopkins

Retirement is just around the corner for many baby boomers, but most are not feeling very confident about their retirement preparedness according to a Bankers Life Center for Secure Retirement research report. According to the report, less than one-third (31 percent) of middle-income boomers feel prepared for retirement and lower income boomers feel even less prepared.

Relocating In Retirement: Don't Make These Common Mistakes

April 26, 2018
By:
Jamie Hopkins

While most Americans show a desire to age in place, retirement can also be the ideal time to sell your home and relocate or downsize. Kids are typically grown up and moved out of the home, and the need to be close to work is gone, so many seniors use retirement as a catalyst for relocating.

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