When is the Best Time to Retire?
You might be asking yourself, “When should I retire? Should I retire early or defer it?” Deciding when to retire may not be just one decision, but a series of decisions and calculations. For example, you’ll need to estimate not only your anticipated expenses but also what sources of retirement income you’ll have and how long you’ll need your retirement savings to last.
You’ll need to take into account your life expectancy and health, as well as when you’ll want to start receiving Social Security or pension benefits. You’ll also want to consider when you’ll start to tap your retirement savings. Each of these factors may affect the others as part of an overall retirement income plan. Contact us today to get help to determine the best time for you to retire.
Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.
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Digital Marketing for Investors
Stocks and bonds are two of the most common investment asset categories. When you invest in more than one category, you reduce your overall investment risk, so many people add a mix of both stocks and bonds to diversify their portfolio. The right mix depends largely on your financial goals, because these two asset classes play different roles.
Stocks are a form of ownership – a company sells shares to raise money. When you purchase a share of stock, you’re purchasing an ownership stake in the company.
Bonds represent debt – a government or company issues a bond, or an I.O.U., to raise money with the promise to pay back your original investment, along with regular interest payments.
The volatility of stocks makes them riskier than bonds, but they also offer the greatest potential for growth, especially in the long term. Bonds may offer more modest returns but are typically less volatile than stocks and are also advantageous for their income from the interest payments. For more information on the right investment mix for your financial goals, please give us a call or visit our website today.
Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.
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Digital Marketing for Medicare
YouTube Video – Post to Facebook, LinkedIn, Instagram:
Most Americans who turn 65 are eligible for Medicare insurance through the federal Medicare program, which covers many health expenses for seniors. But the program is complicated. Here are 5 important facts you need to know:
First – Medicare insurance has various costs associated with it. Of the 4 parts, Part A – Hospital Insurance – is generally premium-free for most people, but not everyone. Some people may have costs associated with their Part A. Parts B, C and D have premiums that vary.
Second – Enrollment is not automatic – you have to sign up for Medicare program benefits. The exception is for those already receiving Social Security benefits. If you’re already receiving Social Security benefits, you will automatically receive Medicare insurance Parts A and B – also called Original Medicare.
Third – Late enrollment can mean expensive, and permanent, premium penalties. You have 7 months, starting 3 months before your 65th birthday month, to sign up penalty-free.
Fourth – Original Medicare covers a lot, but not everything. Services like long-term care, dental and vision care are not covered. People often purchase additional private coverage for these types of services.
And fifth, if you’re in a higher tax bracket, you’ll pay more. High-income seniors pay surcharges on premiums for both Parts B and D.
Let us help you with your important Medicare insurance decisions. Call to speak to a licensed insurance agent.
Whiteboard Videos for Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.
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Medicare – Avoid Medical Identity Theft
Medical identity theft is a serious, and growing, business. One study reports that over 2 million cases are identified each year, and the number keeps rising. When thieves steal your medical identity, it can endanger not only your finances but also threaten your health. They may use your name or health insurance to see a doctor, get prescription drugs, file phony claims with your insurance provider, or illegally acquire government benefits such as Medicare or Medicaid. If their health information is mixed with yours, your medical treatment, insurance and credit report may be adversely affected.
Some warning signs of medical identity theft include a bill for services you didn’t receive, a debt collection company calling for money you don’t owe or your insurance company telling you you’ve reached your limit on medical benefits.
Here are some steps to avoid medical identity theft: Protect your Medicare and other health insurance cards. and review your medical bills regularly for suspicious charges. Beware of offers of free medical goods or services in exchange for your Medicare number. Shred all papers with your medical identity and destroy labels on prescription bottles before throwing them away.
For more information on how to protect yourself from identity theft, please give our office a call today.
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Video Lesson – Reverse vs Traditional Mortgages
Video Lesson – Reverse vs Traditional Mortgages
Whiteboard Videos for social media marketing:
Reverse Mortgage, Financial Advisors, Loan Officers, and Medicare Insurance.
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Social Media Video Content – Purchasing Guide for the First Time Homebuyer
Facebook, Instagram, LinkedIn Videos:
For a first-time home buyer, the home financing process can seem complex and somewhat confusing. But once you understand the steps involved, guided by your loan officer, your first mortgage experience is more likely to be a smooth one. Here’s a snapshot of how the process works.
As the homebuyer, you obtain pre-qualification from a lender, and then the home you’ve chosen is purchased with the assistance of one of our real estate professionals. When the contract is accepted, the home is placed in escrow, and the loan application is then submitted to the lender. The lender then orders a title search and a property appraisal. Your loan materials are reviewed, processed, and finally submitted for underwriting and approval. The closing agent explains all the documents and ensures both you and your attorney have a chance to review them. The agent makes sure everything is ready for signing and recording and collects funds for various fees and expenses for proper disbursement. Your loan documents are then signed, and the loan is funded and recorded. Congratulations! You get the keys to your new home! Need help purchasing your first home? Call us today.
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Medicare Agent and Brokers – Social Media Video
Should I Work with an Agent or Broker?
Choosing the right Medicare plan is important to maintaining continued good health. A Licensed Agent or a Licensed Broker can help with your search – but they operate differently.
An agent can match you with an appropriate Medicare program, but only those offered by a single insurance provider. That is called a “captive agent.” You may find a program that meets your needs, but your choices are limited to only those offered by that one carrier. A Licensed Broker can provide a choice of programs from a variety of carriers, providing you with more coverage options. A Broker is not tied to one provider’s offerings, so there’s a greater opportunity to find a program more precisely tailored to your medical needs.
An independent Insurance Broker can provide you with more choices, more personalized coverage, and the objective guidance you need… all at no cost to you.
To take advantage of a year-round, personal guide through the maze of Medicare, call us today.
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Mortgage Insurance – Video Tip for Social Media
Mortgage Insurance – Video Tip for Social Media
Video Script:
For many people, their home is their most valuable asset. But what if you’re injured or lose your job and can’t make your mortgage payments?
A mortgage insurance policy can help keep your home from falling into foreclosure. Private mortgage insurance policies, known as PMIs, are designed to reimburse the lender should you default on your mortgage payment. PMIs reduce the risk to the lender and are required when a borrower puts down less than 20% on a home. Although payments go to the lender and not the borrower, it allows some homebuyers to qualify for a mortgage who normally would not. But, depending on the amount of your down payment, you may be required to carry home insurance and mortgage insurance.
To find out more about mortgage insurance, call us today.
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Financial Advisor – Asset Allocation and Investing
Why is Asset Allocation Important to Investing?
To keep your investment portfolio on target for financial goals, you want to balance risk and diversify your assets. That’s the purpose of asset allocation – the process of dividing your portfolio among major categories like cash, stocks and bonds. Historically, the returns of these three major asset categories have not moved up and down at the same time – so including a mix of these assets in your portfolio can protect against losses. There is no perfect formula for asset allocation – it differs with each individual depending on their risk tolerance and time horizon. Risk tolerance is the amount of your investment you’re willing, or able, to lose in exchange for greater possible returns. Risk tolerance is closely tied to time horizon, or the amount of time you have to invest. An investor saving to make a down payment on a home in 5 years might choose less risky investments than someone saving for retirement in 20 years. A longer time horizon allows more time to recover from loss. Asset allocation may be one of the most important investment decisions you make with your portfolio – call us today to learn more.
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Medicare – Video Tips and social media posts
Medicare Annual Enrollment Period – Whiteboard Video:
What is the Medicare Open Enrollment Period… and what coverage changes can you make? If by Open Enrollment you mean the Medicare Annual Enrollment Period, from October 15th through December 7th each year, you can make changes to your current Medicare Advantage Program or Part D drug plan.
However, if you’re already enrolled in a Medicare Advantage Plan, your Open Enrollment window is from January 1 to March 31. During this period, you can switch Medicare Advantage Plans, leave your plan to return to Original Medicare with or without drug coverage, or just change your Medicare Advantage Drug Plan.
Finally, there is the Medicare Supplement or Medigap Open Enrollment Period that occurs once in a lifetime, unless you are collecting Social Security Disability Benefits. It begins on your Medicare Part B effective date, usually the first day of the month after you turn 65, and you don’t have to answer any health questions to qualify. Choosing a Medicare Supplement Plan during the Medigap Open Enrollment Period offers you the best chance to find a plan in your area that offers the coverage you need at the lowest cost. After six months, your window of opportunity closes, and you’ll have to answer health questions if you want to apply.
Navigating all these different Open Enrollment Periods can be confusing. There are also special circumstances that can affect the SEP timelines – and your eligibility – that your advisor can make you aware of.
Let us help you with your important Medicare decisions. Call to speak to a licensed insurance agent.
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