It irks me that +2 year IRMAA cliffs are not published and avail in the year needing to make important decisions. Yes, possible to forecast based upon some known trends, but still ...
Here's a plan. When I worked at an outpatient Physical Therapy office we had a retired doctor as a patient. He was on medicaid. I asked how is a doctor on medicaid? Come to find out, he gave everything he had to his children and they would give him an allowance every week. BTW, he was driving a brand new Lexus. Looked pretty content with life, golfing everyday
What major investing opportunities should I now look into, given my current situation of losing job at age 41, having 425k set aside for an early retirement, 10k in an HSA, and a home that may add 200k to my portfolio?
I’m confused about whether to combine all my investment accounts into one. If I decide to do this, how should I go about it, and will there be any consequences I should be aware of? I also intend to sell my property, which could add an extra 200K overtime. Should I consolidate everything into one investment account, or diversify across several sectors?
These are important questions for a financial planner. I met mine at a NYSE event, and she helped my wife and i rebalance our 1.7 million portfolio between a traditional IRA and a brokerage account. She has been trading with our permission and has managed to recoup our financial losses thrice over again. We keep and manage the market cautiously
@@CarylAdams The monthly benefit for LTC is tax free. Traditional IRA funds go into an IRA at the insurance company. The IRA is drained over 10 years paying 10 premiums into the life/LTC policy. The income tax on the IRA distributions are paid by you over 10 years.
@@CardinalAdvisors Thanks so much! It's what I assumed; just wanted to verify benefits wouldn't be taxed as well. We appreciate all your helpful and informative videos!
That's one thing that I did not take serious enough as long-term care and now it's too late I'm 73 and and I made a mistake by that not but not paying attention you're getting long-term care
May not be too late afterall. I'm a 74 yo Cardinal customer and last year they set me up with a home healthcare plan, a single premium payment LT Care Plan and an annuity with long-term care benefits. I am confident that I am very comfortably covered at a cost that was affordable by me. Ask 'em about it.
@@anabelkuhr6032 No charge for initial consultations. We charge $1000 for a full financial plan covering the 7 subjects in this video. Otherwise, $150/hour for consulting.
It irks me that +2 year IRMAA cliffs are not published and avail in the year needing to make important decisions. Yes, possible to forecast based upon some known trends, but still ...
Here's a plan. When I worked at an outpatient Physical Therapy office we had a retired doctor as a patient. He was on medicaid. I asked how is a doctor on medicaid? Come to find out, he gave everything he had to his children and they would give him an allowance every week. BTW, he was driving a brand new Lexus. Looked pretty content with life, golfing everyday
What major investing opportunities should I now look into, given my current situation of losing job at age 41, having 425k set aside for an early retirement, 10k in an HSA, and a home that may add 200k to my portfolio?
It makes sense to consider a financial advisor at this stage, but delaying retirement might be a smarter choice
I’m confused about whether to combine all my investment accounts into one. If I decide to do this, how should I go about it, and will there be any consequences I should be aware of? I also intend to sell my property, which could add an extra 200K overtime. Should I consolidate everything into one investment account, or diversify across several sectors?
These are important questions for a financial planner. I met mine at a NYSE event, and she helped my wife and i rebalance our 1.7 million portfolio between a traditional IRA and a brokerage account. She has been trading with our permission and has managed to recoup our financial losses thrice over again. We keep and manage the market cautiously
That is impressive! my portfolio has remained stagnate. Who is guiding you please?
June Renae Matthysse. She is well known, so you can look her up online.
If monthly benefits are needed on a LTC plan (purchasing by using traditional IRA funds and taxes paid) will the monthly benefit also be taxed?
@@CarylAdams The monthly benefit for LTC is tax free. Traditional IRA funds go into an IRA at the insurance company. The IRA is drained over 10 years paying 10 premiums into the life/LTC policy. The income tax on the IRA distributions are paid by you over 10 years.
@@CardinalAdvisors Thanks so much! It's what I assumed; just wanted to verify benefits wouldn't be taxed as well. We appreciate all your helpful and informative videos!
That's one thing that I did not take serious enough as long-term care and now it's too late I'm 73 and and I made a mistake by that not but not paying attention you're getting long-term care
May not be too late afterall. I'm a 74 yo Cardinal customer and last year they set me up with a home healthcare plan, a single premium payment LT Care Plan and an annuity with long-term care benefits. I am confident that I am very comfortably covered at a cost that was affordable by me. Ask 'em about it.
Can you speak to how your consulting fees are set up?
@@anabelkuhr6032 No charge for initial consultations. We charge $1000 for a full financial plan covering the 7 subjects in this video. Otherwise, $150/hour for consulting.