I have a client ( a couple, age 59 and 63). They both are eligible for government pension. They both have also contributed into the Social Security system. The report that’s coming out of the tool shows zero spousal benefits. Why?
People Spend Over an Hour a Day Worrying About Money
According to a recent Legg Mason survey people spend 475 hours or more worrying about money each year. That’s nearly 25% of about 2,000 hours that a typical employee works per year. That’s a huge productivity loss for employers. Perhaps the key to address this issue is an effective financial education.
$900 Billion FY 2015 Budget for Center for Medicare and Medicaid Services
FY 2015 Budget estimate for the Centers for
Medicare & Medicaid Services (CMS) is $897.3 billion
in mandatory and discretionary outlays, a net increase
of $54.3 billion above the FY 2014 level. That’s nearly 25% of total US budget. Is it sustainable?
Retirement Assets Total $24.7 Trillion in Fourth Quarter 2014
According to Investment Company Institute, Total U.S. retirement assets were $24.7 trillion as of December 31, 2014, up 1.7 percent from $24.2 trillion on September 30, 2014, and up 6.0 percent from year-end 2013. Retirement assets accounted for 36 percent of all household financial assets in the United States at the end of the fourth quarter of 2014. Out of the total $24.7 Trillion, about $14 Trillion is in Defined Contribution (401k, 403b, ….) and IRA assets.
Is this a big number? Heck, yes.
How about when you divide it by a couple of hundred million?
Financial Times / Merrill, Raymond James Turn to Health-Planning Apps
On March 12, 2015, Financial Advisor IQ, a service of Financial Times published an article on the importance of retiree healthcare expense planning. In this article, author Murray Coleman also interviewed an advisor who uses GoWealthPro’s Retiree Healthcare Planner™. Read the article at http://www.financialadvisoriq.com/c/1080833/113493
GoWealthPro Makes Its Retiree Healthcare Planner™ Free to Financial Advisers
Financial advisers can easily estimate their clients’ overall healthcare expenses for Free and offer effective retirement income solutions.
Financial planning technology leader GoWealthPro is making its recently upgraded Retiree Healthcare Planner™ software FREE for all financial advisers. Financial advisers use this software to estimate clients’ lifetime healthcare expenses based on location and high-level input on lifestyle, health history, and preferences on type of healthcare. This will help advisers tackle the single largest retirement expense item for most clients…
Read the full press release at
http://www.ireachcontent.com/news-releases/omyen-makes-its-retiree-healthcare-planner-free-to-financial-advisers-295745311.html
Stop guesstimating, or worse, ignoring, your clients’ health care costs in retirement
In this article, Mary Beth Franklin of InvestmentNews underscores the importance of planning for health care expenses for clients and how a tool e.g. GoWealthPro’s Retiree Healthcare Planner™ can help advisers produce valuable retirement income plans. Read the story below.
Social Security: if you start taking benefits before full retirement age will your spousal benefits be reduced
Hi, my client and his spouse are of similar age, currently 65. Client has PIA of about $2,500 whereas his spouse has PIA on her own record around $800. I’m wondering if the wife can start taking reduced benefits now (before FRA) and later switch to spousal when husband reaches his FRA and opts for file and suspend.
Big announcement coming soon …….
We’re working on a big announcement. Look for it. It should be coming anytime …..
InvestmentNews article on Social Security claiming tools
This article talked about how financial advisers are taking advantage of GoWealthPro’s Social Security planning technology and Social Security marketing program. Here’s a link to the article on InvestmentNews website. Read it and let us know what you think.
http://www.investmentnews.com/article/20150120/BLOG05/150119932/investigate-social-security-claiming-tools-for-free