Delaying Medicare enrollment can be a financially beneficial move for those who qualify to do so, write William Byrnes and Robert Bloink. Premiums for employer-sponsored health plans might be lower than those for Medicare in some cases, and postponing Medicare enrollment means a person can continue to contribute to a health savings account, Byrnes and Bloink write.
Some life insurance carriers are using paid-up addition death benefits linked to the performance of an index as a rider to whole life policies, which gives clients the benefits of indexed and whole life insurance, write Robert Bloink and William Byrnes.
William Byrnes and Robert Bloink argue that advisors sometimes err in suggesting that a client roll a 401(k) into an individual retirement account. In some cases, moving the funds into an IRA has significant tax and non-tax disadvantages.
A one-time, unexpected increase in income can cause a problem for retirees in the form of a Medicare income-based surcharge. It can also cut monthly Social Security payments for the year, Robert Bloink and William Byrnes write.
Growing availability and new uniform transfer standards are among the factors driving a surge in the popularity of secondary market annuities among consumers looking for higher-than-average interest rates, write William Byrnes and Robert Bloink. "What once was a niche market is gaining traction with the ordinary investor, and it is time for all advisors to get up to speed," they note.