Protecting Your Long Term Care Insurance Policy (May 22, 2020)

If you have a long term care insurance policy, you know the premiums are expensive and you want assurance that the policy will pay in the terms you envision should you ever need it. Unfortunately, one simple oversight can jeopardize the integrity of your policy: missing a premium payment. Just one missed payment runs the risk of your long term care policy lapsing. Here we discuss easy to establish but essential back up measures to put in place now to protect your policy.

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Life-Changing Events That Reduce Your Medicare Premium (Apr 27, 2020)

If you are what Social Security considers a “higher-income beneficiary,” you pay more for Medicare Part B, the health insurance portion of Medicare, and Part D, prescription drug coverage. The Social Security Administration (SSA) uses the most recent Federal tax return provided by the IRS to make this determination, but that might reflect your income from two years prior. If you have experienced a life-changing event that has caused an income decrease, you can request that Social Security revisit its decision.

 

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Understanding Required Minimum Distributions (RMDs) (Jan 22, 2020)

Required Minimum Distributions (RMDs) are an important part of your financial landscape in retirement. Most people must start taking RMDs from qualified retirement accounts at age 72 (previously 70 ½). Here’s what you need to know about RMDs: what RMDs are, accounts subject to RMDs, important deadlines, and more. Understanding RMDs will help avoid penalties and optimize your distributions for tax purposes.

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Age 65 – Medicare Enrollment (Jan 22, 2020)

If you’re approaching age 65, now’s the time to consider your Medicare enrollment. Medicare is the Federal health insurance program for those aged 65 and older (plus other eligible adults). With healthcare costs listed as one of the top three financial worries for most Americans [1], familiarizing yourself with the Medicare program can help maximize your entitlements. SageVest Wealth Management outlines the basics of Medicare enrollment at age 65.

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Age 66 – Full Retirement Age For Social Security (Jan 22, 2020)

You can claim Social Security retirement benefits as early as age 62. Many Americans do so, especially women [1]. However, claiming early means that your monthly benefit checks and, potentially, your overall lifetime payout amount, will be lower than if you wait until full retirement age for Social Security. Full Retirement Age is the age at which you become eligible to receive non-reduced benefits and, if you’re still working, are no longer subject to the earnings limit. In short, Full Retirement Age means full Social Security. 

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Age 62 – Early Social Security Retirement Benefits (Jan 22, 2020)

Age 62 is the earliest age at which you can start receiving Social Security retirement benefits. It’s also the most popular age to claim benefits [1], especially for women. Deciding whether to claim now or wait until Full Retirement Age is an important decision. Claiming early Social Security retirement benefits can make sense for some people. However, it permanently reduces your monthly payment amounts and can impact total lifetime benefits. Here’s what to consider before claiming early Social Security retirement benefits at age 62. 

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Jennifer Myers Recognized As A Five Star Wealth Manager (Dec 11, 2019)

At SageVest Wealth Management, the financial success of our clients is our number one priority. Our repeatedly recognized investment management and financial planning services are personalized to reflect your specific needs, as an individual, a family, or business owner. We place great importance on establishing a relationship with you, our client, always placing your best interests at the forefront of our recommendations.

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Best Financial Advisor Award – SageVest Wealth Management (Jun 14, 2019)

SageVest Wealth Management takes a highly personalized, proactive approach towards your finances. We seamlessly integrate all aspects of your wealth management into a coordinated, comprehensive financial plan that supports your personal and life goals. We’re delighted that this true wealth management approach has been recognized with a new top financial advisor award. For 2019, SageVest Wealth Management is ranked as one of the best financial advisors in the Tri-State (DC, MD, and VA) area.

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