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Four reasons why advisors need to understand the ACA

Four reasons why advisors need to understand the ACA

There is one certainty about the new health-care reform legislation: Clients want to know how it will affect their financial planning. As Chris Hennessey points out in the video, it is important to understand the implications of the Affordable Care Act (ACA) for all phases of financial planning, such as: 1. Many clients are confused

Consider the tax code when examining losses

Consider the tax code when examining losses

Following the August earthquake in Northern California, individuals and businesses may be assessing their current insurance coverage. Regardless of whether people are insured for natural disasters, differences exist in how losses are treated under the tax code. Clients may be interested in learning about some basic tax considerations when dealing with these types of losses.

Three ways “back to school” may benefit grandparents

Three ways “back to school” may benefit grandparents

This fall, some 78 million American students from kindergarten to college will head back to school. Planning for school can involve more than students Grandparents can also benefit from their own “back-to-school” preparation. Advisors can help clients understand gifting strategies that can help grandchildren cover their college costs and deliver tax benefits to grandparents at

Digital estate planning is a growing issue

Digital estate planning is a growing issue

When thinking about estate planning, clients may not consider assets held behind firewalls and encrypted passwords on the Internet. But so-called “digital assets” — including online entrepreneurial ventures, music and photography collections, copyright work, digital currency, and bank accounts — may be lost forever without advance planning. Many of these online “properties” have monetary value

What employers should know about the Affordable Care Act

What employers should know about the Affordable Care Act

The Affordable Care Act’s (ACA) employer mandate has an impact on business owners who looking to provide health coverage to their workers as well as employers who already offer insurance coverage. With deadlines approaching for the employer mandate, business owners may have many questions on the impact of health-care reform on their company. This new

Employers: Prepare now for looming health-care mandate

Employers: Prepare now for looming health-care mandate

It’s not too early for business owners to plan for the federal mandate that will require employers to provide to health insurance to workers. Although the deadline for smaller companies (50-99 employees) isn’t until 2016*, business owners may want to start planning early. Census year 2015 will be used as the calculation year for companies,

Business owners seek clarity on health insurance deadlines

Business owners seek clarity on health insurance deadlines

With several delays in the deadline for companies to offer health insurance to employees, owners may have questions about new rules under the Affordable Care Act (ACA). Chris Hennessey reviews the revised deadlines for small and large employers and the penalties they could face for failing to meet the mandate. Originally facing a deadline this

Keys to retirement readiness

Keys to retirement readiness

“To see what is in front of one’s nose needs a constant struggle.” – George Orwell The Putnam Investments 2014 Lifetime Income Study, done in collaboration with Brightwork Partners, drew on data from over 4,100 working age adults (18 to 65 years of age) to comprehensively assess their potential to replace pre-retirement incomes. The survey

Three things clients need to know about domicile changes

Three things clients need to know about domicile changes

Changes in tax laws, cost of living differences, and the appeal of milder climates prompt many people to consider relocating. While there may be benefits — including financial benefits in some cases — the process can be complex. A person may have several residences, but he or she can only have one domicile or “legal”