Posts Tagged “consumer advice”
What keeps employees from work the most? Illness or Injury?
By Jorge Hiram Garcia, Your Insurance Advisor | May 16, 2012
A recent survey by the Consumer Federation of America found that the a majority of employees wished their employer offered disability insurance coverage. According to the survey, illnesses are the cause of the majority of disabilities that affect a person’s ability to work, not injuries as most supposed. In fact, fifteen percent of long term [...]
Getting Married? Here’s What You Need To Know…
By Jorge Hiram Garcia, Your Insurance Advisor | May 12, 2012
Thinking of getting married? Here’s what you need to know about your future partner, and his or her financial situation. They say love is blind, but if you walk into marriage blindly, you can end up in a financial mess not of your own doing. It is advisable to discuss potential financial concerns like bad [...]
What is a Fixed Annuity and Who Should Buy Fixed Annuities?
By Jorge Hiram Garcia, Your Insurance Advisor | April 23, 2012
What is a Fixed Annuity, and Who Should Buy Fixed Annuities? Fixed Annuities are unique in that they offer a wide range of benefits for those planning for retirement. Not only can fixed annuities be used to fund their retirement but to protect their retirement fund they have a retirement plan in place. Fixed annuities [...]
The New Risk You Need Protection From: Living Longer Than Expected
By Jorge Hiram Garcia, Your Insurance Advisor | April 21, 2012
The number-one new risk consumers need to protect themselves against is longevity, or living longer than expected. To illustrate, if you take a husband and wife who are both 65, there is a 50/50 chance that one of them will live to age 92. There is a 25 percent chance that one of them will [...]
Five steps to help avoid a potential income drop in retirement
By Jorge Hiram Garcia, Your Insurance Advisor | April 21, 2012
Here are five steps you can take to help avoid a potential income drop in retirement. Research indicates many retirees may experience a potential income drop of up to twenty-eight percent in retirement. Many more indicate they may not have sufficient income to cover their monthly expenses. These retirement income gaps could force significant sacrifices [...]
The New Retirement Plan: What to Consider As You Plan For Retirement
By Jorge Hiram Garcia, Your Insurance Advisor | April 20, 2012
The new retirement plan requires careful thinking and consideration of today’s financial reality and circumstances. Today’s pre-retirees and retirees have a unique set of concerns and circumstances that their parents never had to deal with, such as a stock market crash that devastated their retirement savings and the disappearance of private pension plans. Today’s retirees [...]
Long term care insurance offers benefits & protection for smart consumers
By Jorge Hiram Garcia, Your Insurance Advisor | April 18, 2012
Many of us have a hard time picturing the benefits of long term care insurance. Long term care insurance offers many benefits & protection for smart consumers who plan ahead. Long term care insurance has many uses, and offers many benefits, but by its very nature, it is for the long term, many people have [...]
Looming Retirement? Make a Retirement Income Plan To Guarantee Income For Life
By Jorge Hiram Garcia, Your Insurance Advisor | April 13, 2012
If you are contemplating retirement or are planning to retire soon, you’ll need to plan in order to make sure your retirement years are as comfortable as possible for you. One thing you need to do is to make a retirement income plan with your insurance advisor to make sure you don’t run out of [...]
Survey Finds Costs of Long Term Care and Nursing Home Care Rising
By Jorge Hiram Garcia, Your Insurance Advisor | April 11, 2012
A recent survey by CareScout of Waltham, Mass., created the latest report by surveying about 15,300 U.S. LTC providers in 437 metropolitan statistical areas defined for the 2010 U.S. census. This survey found the following: The median price for a private nursing home room has increased about 4.2% in the past year, to $222 per [...]
New IRS Guidelines Help Consumers Buy Deferred Annuity Within IRA-401k
By Jorge Hiram Garcia, Your Insurance Advisor | April 11, 2012
There are many reasons why someone would prefer to use a deferred annuity within an IRA or 401(k) plan. For those clients who prefer deferred annuities within their retirement plans, the IRS reporting requirements have historically been so convoluted that they’ve served as a deterrent to such purchases even thought these purchases would benefit these [...]
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