All eyes are on the Senate, as we wait for a final vote on the fate of the AHCA. If the bill moves forward, how will you and your family be affected? We've enlisted Wipfli CPAs and Consultants to help you answer that question:
In life, we are all exposed to a wide variety of risks, which need to be proactively managed over time. The unknown can be unnerving, and it’s natural to want to reduce, mitigate or even eliminate a specific risk before it rears its ugly head. But where do you start? How can you determine what protections make sense, when you’re unsure of the risks that lie ahead?
When you think about the future, what are the first images that come to mind? Perhaps it’s your child’s college graduation ceremony, retirement years filled with travel and adventure, or that fill-in-the-blank goal or experience you’ve always dreamed about.
Here’s a quick pop quiz for you: on average, how much time do you spend maintaining your car each year? How about your home? The answer may vary from one person to the next, but we’re willing to bet that it’s more than a few hours. In fact, you may spend days or even weeks of time taking care of these assets — and that’s more than understandable. After all, our cars and homes are significant investments that are essential to our everyday lives.
When you think about your job and its impact on your life, what’s the first thing that comes to mind? I’m willing to bet it’s your income — but you may have a great benefits package, as well! In this day and age, employers are focused on attracting and retaining top talent; and they often accomplish that goal by offering benefits packages, in addition to competitive income. It’s important to make sure you fully understand the benefits available to you so you aren’t missing out on opportunities to enhance your personal and professional wellness. Here are a few considerations to keep in mind.
They’re the people who have raised you to be who you are today — cheering you on through major life milestones, lifting you up in the face of challenges or hardships. After years of relying on your parents or loved ones, it may seem impossible to imagine a time in which you might need to take on the role of caregiver or decision-maker.
This article was co-authored by Eric Donner, senior financial advisor at Hewins Financial Advisors. Imagine you own a collection of valuable, classic cars worth hundreds of thousands of dollars (well, imagine it if you don’t already own one!). Will you take precaution and implement protections to ensure the cars aren’t affected by the elements? Will you inspect the cars regularly — perhaps even drive them — to make sure they are in top condition?
We recently noted the announcement that major insurer, John Hancock, is withdrawing from the traditional long-term care (LTC) insurance marketplace effective this month and is discontinuing new sales of its LTC insurance products. Hancock joins Prudential, MetLife, Unum and a host of smaller companies that have withdrawn from the traditional LTC insurance space.
Whether planned or unexpected, many of us will likely need to take an extended leave from work at some point in our careers, due to various reasons — whether it’s time off to travel, parental leave for the care of a newborn or elder-care leave for an aging parent. Here are some tips to prepare for a leave of absence and a break in pay.
When planning for retirement, the majority of people place a primary focus on determining whether their accumulated resources will allow them to replace an adequate percentage of their pre-retirement earnings. Research data, plus our own experience working with clients, consistently demonstrates that for those with higher incomes, the combination of Social Security and qualified retirement plan assets is less likely to adequately replace pre-retirement earnings, compared to those with lower incomes.