Financial Planning

Life Insurance – Understanding the Tax Implications

Permanent life insurance policies (often referred to as “Whole Life Insurance”) are a contract between a policyholder and an insurance company whereby the insurance company promises to pay a designated beneficiary a sum of money (a death benefit) upon the death of an insured in exchange for a premium. In most cases, when the designated…

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Video Overview on the Tax Cuts and Jobs Act for Individuals

Terry Cicero webinar TCJA

Webinar Recording on the Tax Cuts and Jobs Act and its Impact on Individuals (February 28, 2018) The new tax law, Tax Cuts and Jobs Act, is now in effect for 2018. How does the new law impact individuals? Terry Cicero gives an overview in an easy-to-digest webinar in under 30 minutes. Presenter: Terry Cicero…

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ABLE Accounts: What You Need To Know

Achieving a Better Life Experience Act of 2014, or the ABLE Act of 2014, encourages and assists individuals with disabilities and their families in saving private funds in a tax-advantaged savings account.  These funds can be used to pay for education, health care, transportation, housing and other expenses. Here are some of the most frequently…

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Long-Term Care Insurance: Yes or No?

According to Genworth Financial, a major issuer of long-term care insurance policies, a private room in a nursing home averages $92,378 ($253/day) in 2016 while a home health aide, who works under the supervision of a registered nurse or therapist to assist with daily routines such as bathing, grooming, dressing, and medication reminders, averages $46,332…

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