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Author Archive for: ‘J. Freeman & Associates’

There’s Still Time for 2014 IRA Contributions

Tax filing season for the year 2014 starts today, January 20th, 2015.  The deadline to file individual tax returns is April 15th, 2015.  Tax season can be a busy time of year as you collect tax forms and begin to prepare your taxes.  Before the deadline draws near, don’t forget to make your traditional IRA, Roth IRA, Health Savings Account, SEP-IRA or …

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Overview of the 2014 Tax Increase Prevention Act

In the recently enacted “Tax Increase Prevention Act of 2014,” Congress has once again extended a package of expired individual, business, and energy provisions known as “extenders.”  Several provisions in particular can produce significant tax savings for 2014 income tax returns – but quick action (before January 1, 2015) may be needed to take advantage of some of them. Below …

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New Retirement Plan Limits Announced for 2015

On October 23, 2014, the Internal Revenue Service announced cost of living adjustments (COLA) for the 2015 tax year for pension plans and other retirement-related items. While many plan limits will see an increase due to rise in the cost-of-living index, some limits will remain unchanged because statutory price-increase thresholds were not met, or the limit is set by statute …

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September is Life Insurance Awareness Month

So You Have Life Insurance – But is it Enough? Life insurance may be one of the most important purchases you will ever make.   However, many people greatly underestimate the amount of life insurance needed. In order to answer the question of “how much?” ask yourself: Upon your death, how much will be needed to meet your current obligations? (Income …

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Three Ways Disability Insurance Can Protect Your Small Business

If you own a small business, you have a lot more to lose than the average American worker. Here are three ways that disability insurance can protect your company, your family and your retirement savings: BUY-SELL AGREEMENTS Buy-Sell Agreements funded with dis­ability insurance allow remaining business owners to buy the company interests of a permanently disabled owner at a previously agreed-upon price. These …

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Four Disability Insurance Myths

Figuring out if you need disability insurance is pretty easy. If you have a job, you need it. Why then do the majority of American workers lack this basic protection? Common misconceptions are largely to blame. Here we debunk four of the big myths surrounding this essential insurance coverage. MYTH #1: “I’d rely on my savings until I could get back …

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Converting Term Life to Permanent Life Insurance

Recently, I was asked by several clients if they should “convert” their life insurance policies and if there is any benefit in doing so. Conversion does have its benefits, but can also have some disadvantages. What do we mean by “conversion?” It simply means transitioning a term (temporary) policy to a permanent (typically cash-building) policy. The majority of life insurance …

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Obamacare vs. Medicare

Our seniors have indeed earned the right to Medicare coverage through a lifetime of hard work. This sector of medical care is already a controlled and subsidized program, and anyone enrolled in Medicare is not considered to be among the “uninsured.” Therefore, there is no need for seniors to enroll in the Health Insurance Marketplace or seek other forms of …

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Health Care: Lost Coverage, Pre-Existing Conditions and Exclusions

Lost Coverage It’s human nature. Negative news tends to get our attention a whole lot quicker than warm, fuzzy, feel-good news. And, there’s a lot of negative news out there about Obamacare. Not a day goes by that we don’t get a call that starts off with, “I’m losing my coverage,” or “I heard my friend is being dropped. Am …

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Healthcare Myths, Realities, and Consequences

Myths There is a lot of information and discussion “out there” about the new health care law. Some of it is good. Some of it is very confusing. Conflicting messages, inaccuracies, negativity and hearsay have led to many misconceptions. We regularly hear things like: Health insurance plans must be purchased through the Marketplace. This is false. Individuals and business owners can …

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