Can you insure your financial risk of having a long term illness? Yes! This video is part 2 of a 3-part series, contributed by guest presenter Arthur Cohen, insurance specialist.
Archives for May 2018
This is the 3rd video in a 3-part series, presented by a guest presenter, insurance specialist Arthur Cohen This video covers the options that may be available to you to pay for a long-term illness.
Old Age and Survivor Disability Income is the official name of the Social Security program. As the name suggests, the program is social insurance covering both retirement income and a measure of disability income as well. Part 1 Part 2
Didn’t realize that your Social Security benefit is taxable, did you? Well it is – up to 85% of it. We’ll explain here.
The Deferred Retirement Option Program for FRS pension plan participants is a tremendous benefit. Generally you can retire, have your pension be deposited into a savings account for up to five years, but continue working during that time. In other words, you’re double-dipping! In this video we go into some of the details.
Many clients want to know if it is wise to depend upon Social Security in retirement, given that they system is underfunded. In this video we give our opinion.
The Thrift Savings Plan is only available to Federal Government employees. It provides for pre-tax savings into several retirement plan investment choices, from conservative to aggressive. It is a great low-cost option in the accumulation phase, but very limited for distribution options.
In this Florida Retirement System option, the participant chooses to invest his or her funds in financial markets, accepting market risk. Although the account value will go up and down with the market, the expectation is that over time the account will grow to a value that is larger than the pension option would provide.
The Florida Retirement System (FRS) offers two options for retirement savings. This video focuses on the pension option – one which gives the participant a fixed, guaranteed retirement income, and possible participation in the Deferred Retirement Option Plan, or DROP.
A 403(b) retirement account is sponsored by a non-profit employer – such as a hospital, university, or municipality. They work much the same way as their for-profit counterparts, the 401(k).