Month: November 2019

Facts About Medicare Open Enrollment

Nov 27, 2019

Stethoscope - Medicare
How much do you know about the different coverage options?

Medicare’s open enrollment period runs through December 7th. If you are enrolling in Medicare for the first time, you will discover that it is much more complex than an employer-sponsored group health plan.

When you are enrolled in Medicare, you pay multiple premiums for multiple types of coverage (Parts A and B as well as the Part D prescription drug plan), and unlike a group health plan, there are no caps on out-of-pocket costs and a risk that you might have to pay a hospital insurance deductible more than once per year. Original Medicare also does not cover some costs that many seniors would like to cover, such as dental and vision care expenses. (more…)

Tags: , ,



Cash Flow Management

Nov 25, 2019

Scale
An underappreciated fundamental in financial planning.

You’ve probably heard the saying that “cash is king,” and that truth applies whether you own a business or not. Most discussions of business and personal “financial planning” involve tomorrow’s goals, but those goals may not be realized without attention to cash flow, today.

Management of available cash flow is a key in any kind of financial strategy.Ignore it, and you may inadvertently sabotage your efforts to grow your company or even build personal wealth. (more…)

Tags: ,



Protection Against Uninsured Drivers

Nov 22, 2019

Broken Glass
Getting in an accident with the uninsured might be costly.

About 13 percent of all motorists, or one-in-eight drivers, do not have automobile insurance.

Having the misfortune of getting into an accident with an uninsured motorist may have serious financial consequences depending upon the state in which you reside and whether it is a “no-fault” or “tort” state. (more…)

Tags: , ,



What If You Get Audited?

Nov 20, 2019

Man Pointing at Auditing Sign
What the I.R.S. looks for and why.

“Audit” is a word that can strike fear into the hearts of taxpayers.

However, the chances of an Internal Revenue Service audit aren’t that high. In 2017, the most recent statistics available, show the I.R.S. audited 0.5% of all individual tax returns.

Being audited does not necessarily imply that the I.R.S. suspects wrongdoing. The I.R.S. says that an audit is just a formal review of a tax return to ensure information is being reported according to current tax law and to verify that the information itself is accurate. (more…)

Tags: ,



Trust Deed Investments

Nov 18, 2019

Calculator, paper, and pen
Though sometimes profitable, they also carry heavy risk.

Trust deeds may seem to be a fairly straightforward form of financial investment. You may have heard of them in passing without being certain exactly what they are. It’s also referred to as a private trust deed.

What are they? At the core, these private trust deeds are sort of like mortgages that are used by real estate investors to borrow money to purchase property or finance buildings. The “sort of” part comes from the fact that these private trust deeds are not exactly like the mortgage a homeowner might take from a bank or other mortgage lender to buy a house. (more…)

Tags: , ,



Insurance When You’re Newly Married

Nov 15, 2019

Car with a "Just Married" sign
Assess the coverage for your new household.

Marriage changes everything, including insurance needs. Newly married couples should consider a comprehensive review of their current, individual insurance coverage to determine if any changes are in order as well as consider new insurance coverage appropriate to their new life stage.

The good news is that married drivers may be eligible for lower rates than single drivers. Since most couples come into their marriage with two separate auto policies, you should review your existing policies and contact your respective insurance companies to obtain competitive quotes on a new, combined policy. (more…)

Tags: ,



Insurance Needs for Empty Nesters and Retirees

Nov 13, 2019

Elderly couple on a swing
Thinking about coverage as you enter a new phase.

 With the children now out of the house, financial priorities become more focused on preparing for retirement. At this stage, you may very likely be at the height of your earning power and fast approaching peak savings as you lay the groundwork for retirement. During this final leg to retirement – and throughout your retirement period – wealth protection is critical.

The preservation of your assets will not be solely a function of your investment strategy, but will include a comprehensive insurance approach to protect you against an array of financial risks, most especially health care. (more…)

Tags: , ,



Reducing the Risk of Outliving Your Money

Nov 11, 2019

Man standing on a tree overlooking a city
What steps might help you sustain and grow your retirement savings?

“What is your greatest retirement fear?” If you ask any group of retirees and pre-retireesthis question, “outliving my money” will likely be one of the top answers. In fact, 51% of investors surveyed for a 2019 AIG retirement study ranked outliving their money as their top anxiety.

Retirees face greater “longevity risk” todayThe Census Bureau says that Americans typically retire around age 63. Social Security projects that today’s 63-year-olds will live into their mid-eighties, on average. This is a mean life expectancy, so while some of these seniors may pass away earlier, others may live past 90 or 100. (more…)

Tags: ,



Epic Capital Impact – Fall 2019

Nov 7, 2019

thumbnail of Epic Impact – FALL 2019



Epic Capital Insights – Fall 2019

Nov 7, 2019

thumbnail of Epic Insights – FALL 2019



More Insights

Dec 1, 2021

Getting rich quick can be liberating, but it can also be frustrating. A sudden wealth windfall can help you address retirement saving or college funding anxieties, and it may also allow you to live and work on your terms. On the other hand, you’ll pay more taxes, attract more attention, and maybe even contend with … Continue reading “When a Windfall Comes Your Way”

Nov 29, 2021

  You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in healthcare costs during the rest of their lives. In fact, Fidelity Investments now projects this cost at $285,000. The effort to prepare for these potential expenses is changing the … Continue reading “Healthcare Costs are Cutting into Retirement Preparations”

Nov 24, 2021

Preparing for retirement just got a little more financial wiggle room. This week, the Internal Revenue Service (IRS) announced new contribution limits for 2022.

Nov 22, 2021

Financial markets can be challenging to understand. But when markets enter a “bad news is good news” cycle, it becomes even more difficult to follow along. Enter the Fed’s decision for tapering bond purchases.

Nov 19, 2021

The past year and a half have tested all of us, but overall, the economy continues to strengthen, COVID-19 trends are greatly improving, and this still relatively young bull market is alive and well. As the leaves turn colors and begin to fall to the ground, there are many reasons to be thankful.

Insights + Resources >