Insurance
Guide to Hurricane Ida Tax Relief and Disaster Relief
This year already, there have been numerous extreme weather events that have impacted many Americans. The most recent weather disaster, Hurricane Ida, made landfall as a category 4 storm, slamming directly into southeast Louisiana. Currently, over one million people are without power in the state and there is extensive property damage, some places may be…
Read MoreUpdating Beneficiary Designations & Benefits of Health Savings Accounts (HSA)
The importance of updating beneficiary designations Most of us have more than enough to do. We’re on the go from early in the morning until well into the evening — six or seven days a week. Thus, it’s no surprise that we may let some important things slide. We know we need to get to…
Read MoreSmall Business Affordable Care Act Reporting Responsibilities
Extended deadlines, confusing terms for business sizes and hiccups in the Small Business Health Options Program (SHOP) Marketplace may have small business owners dreading the next steps for IRS forms and coverage reporting. Fortunately, only 4% of small businesses are subject to the Affordable Care Act (ACA) reporting requirements or the employer responsibility provision. The…
Read MoreAdditional 0.9% Medicare Tax
There is no employer match for this additional Medicare tax. Therefore, the employer’s Medicare tax rate continues to be 1.45% on all Medicare wages. An employee is responsible for paying any of the additional 0.9% Medicare tax that is not withheld by an employer. The additional tax will be reported on the individual’s federal income tax return.
Read MoreLife Insurance: FAQs
The amount of money that you want to leave behind for your dependents should allow them to use some of the money to maintain their current standard of living, then reinvest another lump sum to ensure that they will be well off in the future.
Read MoreWhich Type of Life Insurance Fits Me Best?
Variable Universal policies will give you the option to choose the investments for your cash value. This is more risky, but simultaneously gives you more control over where this money is invested.
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