September 2017 Newsletter I recently had a conversation with a seasoned and successful financial advisor who expressed frustration regarding how unresponsive his clients are to repeated appeals to purchase long term care insurance solutions. The advisor’s clients were certainly the right demographic, modestly affluent and in their 50’s and 60’s. Some even had personal experience with family members or friends needing custodial care. The advisor stated that he consistently discusses the extraordinary cost of care, whether it is delivered at home or in a formal nursing home environment. He also fluently quotes the alarming statistics describing how likely it is that one will need custodial care. The basic flow, which is not uncommon, is to cite the…

July 2017 Newsletter Do you have retired clients with $134,000 of income? Are they aware of the higher Medicare tax about to hit them? As the US Senate struggles to craft legislation to repeal and replace the Affordable Care Act, one piece of significant legislation remains unchanged. Higher income Medicare enrollees currently pay higher premiums for Medicare Parts B and D. These higher premiums are called Income Related Monthly Adjustment Amounts (IRMAA). The brackets determining the amount of these premiums will change in 2018. In 2015, when the Medicare Access and CHIP Reauthorization Act announced the new brackets, there was minimal press coverage or objection to this tax increase. After all, implementation was…