RETIR FINRA Reference FR2019-0725-0074/E The sender and LTM Marketing Specialists, LLC are unrelated. This publication was prepared for the publication’s provider by LTM Marketing Specialists, LLC, an unrelated third party. Articles are not written or produced by the named representative. Disincentives The most obvious disincentive to taking an outright distribution from your qualified retirement plan is the tax penalty if you are under a certain age. That’s 10% on the amount you withdraw, not counting ordinary income tax that would be due on the amount. Exceptions to the tax penalty rule include distributions taken for qualified first-home, higher education and medical expenses, or for any reason by account owners at least age 59 1/2. You’ll notice holiday shopping is not one of the exceptions. Another reason not to take an outright distribution is it will cost you much more than the amount you withdraw, even beyond current taxes and the penalty. For example, let’s say you take only $2,000 from your account. You might think this isn’t a big sum, but look what would happen if instead the amount withdrawn earned 6% annually, compounded daily, for 30 years. After 30 years, that $2,000 would have grown to more than $12,000! That’s six times the amount you thought you wouldn’t miss. Plan Loans If your only choice is between a retirement plan loan or an outright distribution and you absolutely need the money, choose the loan. Although it is a better choice, a loan comes with its own drawbacks. One is that no matter how low the interest rate is – and it will likely be lower than other alternatives – it will still be higher than 0%. This means your $2,000 loan will cost you more than $2,000 over time. You will also miss potential earnings growth of the outstanding loan amount, while you will likely have to begin payments immediately, lowering your take-home pay. One last note: If you leave your job, the balance of the loan will become due almost immediately. If your plan uses funds in your retirement account to pay off the loan, you may owe a penalty and taxes on that amount. Spend Wisely Armed with information about the pitfalls of taking money from your retirement plan, you might take another look at your holiday budget before you begin spending. Don’t make saving for retirement a casualty of holiday spending. With the holidays coming soon, it may be hard to resist the temptation to take a retirement plan loan or an outright distribution from your company 401(k) plan to pay for your holiday shopping. Here’s why you shouldn’t: Watch Those Withdrawals! November/December 2019 Karen Petrucco Account Manager LTM Client Marketing 125 Wolf Road, Suite 407 Albany, NY 12205 Tel: 518-870-1082 Fax: 800-720-0780 [email protected]www.ltmclientmarketing.com I am committed to helping my clients achieve their financial goals for themselves, their families and their businesses by providing them with strategies for asset accumulation, preservation and transfer. LTM Client Marketing Partners in your marketing success Retirement Version PROOF OF Market Market cal cal o take o take ution is it ution is it uch more uch more mount you mount you w, even beyond w, even beyond nt taxes and the penalty. nt taxes and the penalty. or example, let’s say you take only $2,000 or example, let’s say you take only $2,000 from your account. You might think this isn’t a from your account. You might think this isn’t a big sum, but look what would happen if big sum, but look what would happen if instead the amount withdrawn earned 6% instead the amount withdrawn earned 6% nnually, compounded daily, for 30 years. nnually, compounded daily, for 30 years. ars, that $2,000 would have grown ars, that $2,000 would have grown n $12,000! That’s six times t n $12,000! That’s six times t thought you wouldn thought you wouldn oice is between a retirement oice is between a retirement r an outright distribution and you r an outright distribution and you ely need the money, choose the loan. ely need the money, choose the loan. ough it is a better choice, a loan comes ough it is a better choice, a loan comes th its own drawbacks. One is that no matter th its own drawbacks. One is that no matter how low the interest rate is – and it will likely how low the interest rate is – and it will likely be lower than other alternatives – it will still be be lower than other alternatives – it will still be higher than 0%. This means your $2,000 loan higher than 0%. This means your $2,000 loan will cost you more than $2,000 over time. will cost you more than $2,000 over time. You will also miss poten You will also miss poten earnings growth of t earnings growth of t outstanding loan outstanding loan you will likely you will likely payments payments your ta your ta note note b b plan uses fu plan uses fu off the lo off the lo that that ke a retirement ke a retirement y for your holiday y for your holiday als! als! OF Karen Petrucco Karen Petrucco Account Manager Account Manager LTM Client Marketing LTM Client Marketing 125 Wolf Road, Suit 125 Wolf Road, Suit Albany, NY 12205 Albany, NY 12205 Tel: 518 Tel: 518 Fax: Fax: kpetrucc kpetrucc www www
Transcript
RETIRFINRA Reference FR2019-0725-0074/E
The sender and LTM Marketing Specialists, LLC are unrelated. This publication was prepared for the publication’s provider by LTM Marketing Specialists, LLC, an unrelated third party. Articles are not written or produced by the named representative.
Disincentives
The most obvious disincentive to taking an outright distribution from your qualifi ed retirement plan is the tax penalty if you are under a certain age. That’s 10% on the amount you withdraw, not counting ordinary income tax that would be due on the amount. Exceptions to the tax penalty rule include distributions taken for qualifi ed fi rst-home, higher education and medical expenses, or for any reason by account owners at least age 59 1/2. You’ll notice holiday shopping is not one of the exceptions.
Another reason not to take an outright distribution is it will cost you much more than the amount you withdraw, even beyond current taxes and the penalty.
For example, let’s say you take only $2,000 from your account. You might think this isn’t a big sum, but look what would happen if instead the amount withdrawn earned 6% annually, compounded daily, for 30 years. After 30 years, that $2,000 would have grown to more than $12,000! That’s six times the amount you thought you wouldn’t miss.
Plan Loans
If your only choice is between a retirement plan loan or an outright distribution and you absolutely need the money, choose the loan. Although it is a better choice, a loan comes with its own drawbacks. One is that no matter how low the interest rate is – and it will likely be lower than other alternatives – it will still be higher than 0%. This means your $2,000 loan will cost you more than $2,000 over time.
You will also miss potential earnings growth of the outstanding loan amount, while you will likely have to begin payments immediately, lowering your take-home pay. One last note: If you leave your job, the balance of the loan will become due almost immediately. If your
plan uses funds in your retirement account to pay off the loan, you may owe a penalty and taxes on that amount.
Spend Wisely
Armed with information about the pitfalls of taking money from your retirement plan, you might take another look at your holiday budget before you begin spending. Don’t make saving for retirement a casualty of holiday spending.
With the holidays coming soon, it may be hard to resist the temptation to take a retirement plan loan or an outright distribution from your company 401(k) plan to pay for your holiday shopping. Here’s why you shouldn’t:
Watch Those Withdrawals!November/December 2019
Karen Petrucco Account Manager
LTM Client Marketing125 Wolf Road, Suite 407Albany, NY 12205
I am committed to helping my clients achieve their financial goals for themselves, their families and their businesses by providing them with strategies for asset accumulation, preservation and transfer.
LTM Client Marketing
Partners in your marketing success
Retirement VersionPROO
F
PROO
F
PROO
FThe sender and LTM Marketing Specialists, LLC are unrelated. This publication was prepared for thePR
OOF
The sender and LTM Marketing Specialists, LLC are unrelated. This publication was prepared for the
first-home, higher education and medical
PROO
Ffirst-home, higher education and medical
Another reason not to take
PROO
FAnother reason not to take an outright distribution is it
PROO
Fan outright distribution is it will cost you much more
PROO
Fwill cost you much more than the amount you
PROO
Fthan the amount you withdraw, even beyond
PROO
Fwithdraw, even beyond current taxes and the penalty.
PROO
Fcurrent taxes and the penalty.
For example, let’s say you take only $2,000
PROO
FFor example, let’s say you take only $2,000 from your account. You might think this isn’t a PR
OOF
from your account. You might think this isn’t a big sum, but look what would happen if PR
OOF
big sum, but look what would happen if instead the amount withdrawn earned 6% PR
OOF
instead the amount withdrawn earned 6% annually, compounded daily, for 30 years. After PR
OOF
annually, compounded daily, for 30 years. After 30 years, that $2,000 would have grown to PR
OOF
30 years, that $2,000 would have grown to more than $12,000! That’s six times the PR
OOF
more than $12,000! That’s six times the amount you thought you wouldn’t miss.PR
OOF
amount you thought you wouldn’t miss.
If your only choice is between a retirement
PROO
FIf your only choice is between a retirement plan loan or an outright distribution and you
PROO
Fplan loan or an outright distribution and you absolutely need the money, choose the loan.
PROO
Fabsolutely need the money, choose the loan. Although it is a better choice, a loan comes
PROO
FAlthough it is a better choice, a loan comes with its own drawbacks. One is that no matter
PROO
Fwith its own drawbacks. One is that no matter how low the interest rate is – and it will likely
PROO
Fhow low the interest rate is – and it will likely be lower than other alternatives – it will still be
PROO
Fbe lower than other alternatives – it will still be higher than 0%. This means your $2,000 loan
PROO
Fhigher than 0%. This means your $2,000 loan will cost you more than $2,000 over time.
PROO
Fwill cost you more than $2,000 over time.
You will also miss potential
PROO
FYou will also miss potentialearnings growth of the
PROO
Fearnings growth of theoutstanding loan amount, while
PROO
Foutstanding loan amount, whileyou will likely have to begin
PROO
Fyou will likely have to beginpayments immediately, lowering
PROO
Fpayments immediately, loweringyour take-home pay. One last
PROO
Fyour take-home pay. One lastnote: If you leave your job, the
PROO
Fnote: If you leave your job, thebalance of the loan will become
PROO
Fbalance of the loan will become
plan uses funds in your retirement account to pay
PROO
Fplan uses funds in your retirement account to payoff the loan, you may owe a penalty and taxes on
PROO
Foff the loan, you may owe a penalty and taxes onthat amount.
PROO
Fthat amount.
With the holidays coming soon, it may be hard to resist the temptation to take a retirement
PROO
FWith the holidays coming soon, it may be hard to resist the temptation to take a retirement plan loan or an outright distribution from your company 401(k) plan to pay for your holiday
PROO
Fplan loan or an outright distribution from your company 401(k) plan to pay for your holiday
Examine the events a policy will recognize as qualifying for insurance benefits, such as trip cancellation due to illness or a death in the family, a missed connecting flight or a natural disaster. Many policies will not, however, insure your trip’s cost if you cancel because your boss needs you.
What’s Covered
It pays to understand what’s covered by your travel insurance. Will it reimburse you for lost luggage? How about medical costs incurred overseas (because your health insurance may not cover them) or even a medical evacuation? You may need to buy a separate health
insurance policy to pay for medically-related costs incurred abroad, but talk with your existing health insurer first to see if you’re already covered.
What’s NotWhen buying travel medical insurance, make sure all of your stops are included if you are visiting multiple countries. Also check to ensure any coverage includes preexisting conditions.
Some policies will reimburse you for other events, such as theft involving your belongings and your identity, and a few will reimburse you if you cancel a trip for any reason. Read your travel insurance policy’s fine print to make sure you get the coverage you want.
If you book a vacation package or cruise trip for the holidays, you may want to protect your financial investment with travel insurance. All travel insurance, however, is not the same, so you should look for certain features that you may want as part of any travel protection you buy.
1. Trust Matters – Shop only on retail sites you know and trust. If you’re not sure, check for independent reviews of a company and its products.
2. Safeguard Your Vital Info – Strong passwords are a must, especially if you store credit card information on an online retailer’s website.
3. Make Sure the Site is Secure – Anytime a website accepts or stores your financial and other identifying information, it should be secure.
A website won’t be private if it doesn’t have a lock icon or an “s” after the “http” that begins its address.
4. Use a Credit Card – Use a credit card from a company that will work for you to resolve disagreements with retailers and offers your money back if the card is misused. Debit cards typically
don’t offer the same security.
5. Stay Private – Don’t use public Wi-Fi for any purchases and don’t offer any information a retailer
will not need, such as your social security number.
Five Ways to Stay Safe Online During the HolidaysIf you’re among the increasing number of consumers who will make holiday purchases online this holiday season, it makes sense to learn how to protect your identity and other personal information. Consider the following steps to make your online shopping more secure.
What to Look for in Travel Insurance
PROO
F
PROO
F
PROO
F
PROO
FExamine the events a policy will recognize as qualifying for
PROO
FExamine the events a policy will recognize as qualifying for insurance benefits, such as trip cancellation due to illness or
PROO
Finsurance benefits, such as trip cancellation due to illness or a death in the family, a missed connecting flight or a natural
PROO
Fa death in the family, a missed connecting flight or a natural disaster. Many policies will not, however, insure your trip’s
PROO
Fdisaster. Many policies will not, however, insure your trip’s cost if you cancel because your boss needs you.
PROO
Fcost if you cancel because your boss needs you.
It pays to understand what’s covered by your travel
PROO
FIt pays to understand what’s covered by your travel insurance. Will it reimburse you for lost luggage? How about
PROO
Finsurance. Will it reimburse you for lost luggage? How about medical costs incurred overseas (because your health
PROO
Fmedical costs incurred overseas (because your health insurance may not cover them) or even a medical
PROO
Finsurance may not cover them) or even a medical evacuation? You may need to buy a separate health
PROO
Fevacuation? You may need to buy a separate health
insurance policy to pay for medically-related costs incurred
PROO
Finsurance policy to pay for medically-related costs incurred abroad, but talk with your existing health insurer first to see if
PROO
Fabroad, but talk with your existing health insurer first to see if you’re already covered.
PROO
Fyou’re already covered.
What’s Not
PROO
FWhat’s NotWhen buying travel medical insurance, make sure all of your
PROO
FWhen buying travel medical insurance, make sure all of your stops are included if you are visiting multiple countries. Also
PROO
Fstops are included if you are visiting multiple countries. Also check to ensure any coverage includes preexisting
PROO
Fcheck to ensure any coverage includes preexisting conditions.
PROO
Fconditions.
Some policies will reimburse you for other events, such as
PROO
FSome policies will reimburse you for other events, such as theft involving your belongings and your identity, and a few
PROO
Ftheft involving your belongings and your identity, and a few
If you book a vacation package or cruise trip for the holidays, you may want to protect your financial investment
PROO
FIf you book a vacation package or cruise trip for the holidays, you may want to protect your financial investment with travel insurance. All travel insurance, however, is not the same, so you should look for certain features that you
PROO
Fwith travel insurance. All travel insurance, however, is not the same, so you should look for certain features that you may want as part of any travel protection you buy.
PROO
Fmay want as part of any travel protection you buy.
A website won’t be private if it doesn’t have a lock icon or an “s” PR
OOF
A website won’t be private if it doesn’t have a lock icon or an “s” after the “http” that begins its address.
PROO
F
after the “http” that begins its address.
Use a credit card from a company that
PROO
FUse a credit card from a company that will work for you to resolve disagreements with retailers and offers
PROO
Fwill work for you to resolve disagreements with retailers and offers will work for you to resolve disagreements with retailers and offers
PROO
Fwill work for you to resolve disagreements with retailers and offers your money back if the card is misused. Debit cards typically
PROO
Fyour money back if the card is misused. Debit cards typically your money back if the card is misused. Debit cards typically
PROO
Fyour money back if the card is misused. Debit cards typically don’t offer the same security.
PROO
Fdon’t offer the same security.don’t offer the same security.
PROO
Fdon’t offer the same security.
5. Stay Private –
PROO
F5. Stay Private – Don’t use public Wi-Fi for any
PROO
FDon’t use public Wi-Fi for any Don’t use public Wi-Fi for any
PROO
FDon’t use public Wi-Fi for any purchases and don’t offer any information a retailer
PROO
Fpurchases and don’t offer any information a retailer purchases and don’t offer any information a retailer
PROO
Fpurchases and don’t offer any information a retailer will not need, such as your social
PROO
Fwill not need, such as your social will not need, such as your social
PROO
Fwill not need, such as your social security number.
PROO
Fsecurity number. security number.
PROO
Fsecurity number.
If you’re among the increasing number of consumers who will make holiday purchases online this holiday season, it makes sense to learn
PROO
F
If you’re among the increasing number of consumers who will make holiday purchases online this holiday season, it makes sense to learn how to protect your identity and other personal information. Consider the following steps to make your online shopping more secure.
PROO
F
how to protect your identity and other personal information. Consider the following steps to make your online shopping more secure.
What to Look for in Travel Insurance
PROO
FWhat to Look for in Travel Insurance
How We GiveIn 2018, Americans gave more than $400 billion to charities and favorite causes.
The breakdown from Giving USA Foundation (of 2018 contributions) is as follows:
$292.09 billion
$75.86 billion
$39.71 billion$20.05 billion
Individuals Foundations Bequests Corporations
Giving to Charity Still Matters Avoid These Money Mistakes!With the most recent federal tax changes including a much larger
standard deduction, charity watchers wondered if the resulting smaller number of taxpayers itemizing deductions would hurt charitable giving. The jury is still out.
Mixed Results In 2018, charitable giving rose modestly, but the number of donors actually decreased, according to the Fundraising Effectiveness Project. The increase was due to a greater number of donations of at least $1,000, according to the organization.
Give MoreIf you itemize deductions on your tax return, you can deduct even more charitable cash donations. Deduct qualified gifts up to 60% of your adjusted gross income (AGI). That’s up from 50%. Rules differ if you donate appreciated assets, but they can potentially lower your capital gains. Talk to your tax professional to learn how.
If you might otherwise take the standard deduction and you contribute to a donor-advised fund, consider bunching two or three years of donations into one, and then itemize all of them on your tax return and take the standard deduction in subsequent tax years.
Give RegardlessEven without the tax deduction, the main reason most people give to charity still exists: to make a difference. Remember that charitable contribution tax changes will expire with many other individual provisions after 2025 unless made permanent before then.
Millennials, many who came of age during the last recession and have record amounts of student debt, are sometimes hesitant to make financial decisions. However, they shouldn’t let their hesitation lead to these money mistakes:
Being Too ExtremeWith time on their side, Millennials can afford to be aggressive financially. This doesn’t mean they should put all -- or any of – their money into questionable investments. At the other extreme are Millennials who won’t accept any risk, no matter how small. Explore your financial opportunities and make the appropriate choices.
Operating Without a NetIf you don’t have an emergency fund, you are living without a financial safety net. Put a few dollars into a separate fund each paycheck to help cushion potential financial shocks, including unemployment and expensive home or auto repairs.
Not Saving EnoughYour savings will grow exponentially with the time you give them to grow, so save something – anything – starting today. Your older self will appreciate your early efforts.
Ignoring Your 401(k)If you have a company-sponsored 401(k) plan and you’re not contributing to it, you’re missing a big opportunity. Contributions are tax-deferred and potential earnings grow tax-free until withdrawal. Plus, you’re really missing out if you don’t contribute at least what your employer will match.
PROO
F
PROO
F
PROO
F
PROO
F
PROO
F
PROO
FHow We Give
PROO
FHow We Give
In 2018, Americans gave more than $400 billion to charities and favorite causes. PROO
FIn 2018, Americans gave more than $400 billion to charities and favorite causes.
The breakdown from Giving USA Foundation (of 2018 contributions) is as follows:PROO
FThe breakdown from Giving USA Foundation (of 2018 contributions) is as follows:
$292.09 billionPROO
F$292.09 billionPROO
F
Money Mistakes!PR
OOF
Money Mistakes!
fund, consider bunching two or
PROO
Ffund, consider bunching two or three years of donations into one,
PROO
Fthree years of donations into one, and then itemize all of them on
PROO
Fand then itemize all of them on your tax return and take the
PROO
Fyour tax return and take the standard deduction in subsequent
PROO
Fstandard deduction in subsequent
Give Regardless
PROO
FGive RegardlessEven without the tax deduction, the
PROO
FEven without the tax deduction, the main reason most people give to
PROO
Fmain reason most people give to charity still exists: to make a
PROO
Fcharity still exists: to make a difference. Remember that charitable
PROO
Fdifference. Remember that charitable contribution tax changes will expire
PROO
Fcontribution tax changes will expire with many other individual
PROO
Fwith many other individual provisions after 2025 unless made
PROO
Fprovisions after 2025 unless made permanent before then.
PROO
Fpermanent before then.
Millennials, many who came of age during the PR
OOF
Millennials, many who came of age during the last recession and have record amounts of
PROO
F
last recession and have record amounts of student debt, are sometimes hesitant to make
PROO
Fstudent debt, are sometimes hesitant to make financial decisions. However, they shouldn’t let
PROO
Ffinancial decisions. However, they shouldn’t let their hesitation lead to these money mistakes:
PROO
Ftheir hesitation lead to these money mistakes:
Being Too Extreme
PROO
FBeing Too ExtremeWith time on their side, Millennials can afford to be
PROO
FWith time on their side, Millennials can afford to be aggressive financially. This doesn’t mean they
PROO
Faggressive financially. This doesn’t mean they should put all -- or any of – their money into
PROO
Fshould put all -- or any of – their money into questionable investments. At the other extreme
PROO
Fquestionable investments. At the other extreme are Millennials who won’t accept any risk, no
PROO
Fare Millennials who won’t accept any risk, no matter how small. Explore your financial
PROO
Fmatter how small. Explore your financial opportunities and make the appropriate choices.
PROO
Fopportunities and make the appropriate choices.
Operating Without a Net
PROO
FOperating Without a NetIf you don’t have an emergency fund, you are living
PROO
FIf you don’t have an emergency fund, you are living without a financial safety net. Put a few dollars into a
PROO
Fwithout a financial safety net. Put a few dollars into a separate fund each paycheck to help cushion
PROO
Fseparate fund each paycheck to help cushion potential financial shocks, including unemployment
PROO
Fpotential financial shocks, including unemployment and expensive home or auto repairs.
PROO
Fand expensive home or auto repairs.
Not Saving Enough
PROO
FNot Saving EnoughYour savings will grow exponentially with the time
PROO
FYour savings will grow exponentially with the time you give them to grow, so save something –
PROO
Fyou give them to grow, so save something – anything – starting today. Your older self will
PROO
Fanything – starting today. Your older self will appreciate your early efforts.
PROO
Fappreciate your early efforts.
Ignoring Your 401(k)
PROO
FIgnoring Your 401(k)
PROO
F
PROO
F
This publication is prepared by LTM Client Marketing Specialists LLC for the use of the sender. This publication is not intended as legal or tax advice. Great care has been taken to ensure the accuracy of the newsletter copy; however, laws change often and each reader’s situation is diff erent and professional advice is essential before acting on any information herein. Whole or partial reproduction of Let’s Talk Money® without the written permission of the publisher is forbidden. All websites referenced in this newsletter are provided solely as examples of resources from which information can be obtained. The websites are not affi liated with the publisher or distributors of this newsletter.
We Value Your Input...Your feedback is very important to us. If you have any questions about any of the subjects covered here, or suggestions for future issues, please don’t hesitate to call. You’ll fi nd our number on the front of this newsletter. It’s always a pleasure to hear from you.
If you’re nearing age 65, one rite of passage will include making your way through the health insurance maze known as Medicare. Here are some basics you’ll need to know.
Sign-up Periods
If you are getting benefi ts from Social Security or the Railroad Retirement Board, you’ll automatically get Medicare Part A and Part B starting the fi rst day of the month you turn 65. Otherwise, you can sign up for Medicare from three months before the month you turn 65 to three months after the month you hit that age.
If you are at least age 65 and you have insurance through your employer or your spouse’s, you generally don’t have to sign up until you lose that insurance. You can opt to sign up for Medicare anytime you have union or employer health coverage or during a special eight-month enrollment period beginning the month after employer or union group health plan coverage ends or when employment ends, whichever comes fi rst.
If you don’t sign up for Part A or Part B when fi rst eligible and you don’t qualify for a special enrollment period, you may have to wait until the Medicare general enrollment period, which is from January 1 through March 31.
This coverage would then start July 1 of that year. In most cases, you’ll have to pay a permanent late enrollment penalty for as long as you have Part B.
Perusing the Parts
Medicare Part A is considered primarily hospital insurance and is free for most former workers who have paid into Social Security. For most people in 2019, Part B cost $135.50 per month. This includes coverage for doctor visits, lab work and other outpatient services. Part D is Medicare prescription drug coverage and has a separate cost.
Additionally, you will likely want to explore buying a Medigap policy, which pays for services not covered by Medicare such as eye exams and dental work, while paying for at least a portion of often-high Medicare deductibles and coinsurance.
Alternatively, you can combine your coverage through Medicare Advantage, an HMO off ered by private insurance
companies. Work with a qualifi ed health insurance
professional to learn more.
UnderstandingMedicare
RETIR
Recyclable PROO
FThis publication is prepared by LTM Client Marketing Specialists
PROO
FThis publication is prepared by LTM Client Marketing Specialists LLC for the use of the sender. This publication is not intended
PROO
FLLC for the use of the sender. This publication is not intended as legal or tax advice. Great care has been taken to ensure the
PROO
Fas legal or tax advice. Great care has been taken to ensure the accuracy of the newsletter copy; however, laws change often
PROO
Faccuracy of the newsletter copy; however, laws change often and each reader’s situation is diff erent and professional advice
PROO
Fand each reader’s situation is diff erent and professional advice is essential before acting on any information herein. Whole or PR
OOF
is essential before acting on any information herein. Whole or partial reproduction of Let’s Talk Money® without the written PR
OOF
partial reproduction of Let’s Talk Money® without the written permission of the publisher is forbidden. All websites PR
OOF
permission of the publisher is forbidden. All websites referenced in this newsletter are provided solely as examples PR
OOF
referenced in this newsletter are provided solely as examples of resources from which information can be obtained. The PR
OOF
of resources from which information can be obtained. The websites are not affi liated with the publisher or distributors of PR
OOF
websites are not affi liated with the publisher or distributors of this newsletter.PR
Fgeneral enrollment period, which is from January 1 through March 31.
PROO
Ffrom January 1 through March 31.
Medicare Part A is considered primarily hospital insurance and is PR
OOF
Medicare Part A is considered primarily hospital insurance and is free for most former workers who have paid into Social Security.
PROO
F
free for most former workers who have paid into Social Security. For most people in 2019, Part B cost $135.50 per month. This
PROO
FFor most people in 2019, Part B cost $135.50 per month. This includes coverage for doctor visits, lab work and other outpatient
PROO
Fincludes coverage for doctor visits, lab work and other outpatient services. Part D is Medicare prescription drug coverage and has a
PROO
Fservices. Part D is Medicare prescription drug coverage and has a
Additionally, you will likely want to explore buying a Medigap
PROO
FAdditionally, you will likely want to explore buying a Medigap policy, which pays for services not covered by Medicare such as
PROO
Fpolicy, which pays for services not covered by Medicare such as eye exams and dental work, while paying for at least a portion of
PROO
Feye exams and dental work, while paying for at least a portion of often-high Medicare deductibles and coinsurance.
PROO
Foften-high Medicare deductibles and coinsurance.
Alternatively, you can combine your coverage through Medicare
PROO
FAlternatively, you can combine your coverage through Medicare Alternatively, you can combine your coverage through Medicare
PROO
FAlternatively, you can combine your coverage through Medicare Advantage, an HMO off ered by private insurance
PROO
FAdvantage, an HMO off ered by private insurance companies. Work with a qualifi ed
PROO
Fcompanies. Work with a qualifi ed
health insurance
PROO
Fhealth insurance
professional to
PROO
Fprofessional to
PROO
F
ADVERTISING REGULATION DEPARTMENT REVIEW LETTER
August 14, 2019
Reference: FR2019-0725-0074/E
Org Id: 8408
1. 2019 LTM Nov/Dec RetirementRule: FIN 2210
The communication submitted appears consistent with applicable standards.
Reviewed by,
David Y. KimSenior Analyst
aec
This year’s Advertising Regulation Conference will be held on October 24-25 in Washington, D.C. For more information and to register, please access the conference webpage atwww.finra.org/2019adreg.
NOTE: We assume that your filed communication doesn’t omit or misstate any fact, nor does it offer an opinion without reasonable basis. While you may say that the communication was “reviewed by FINRA” or “FINRA reviewed,” you may not say that we approved it.
Please send any communications related to filing reviews to this Department through the Advertising Regulation Electronic Filing (AREF) system or by facsimile or hard copy mail service. We request that you do not send documents or other communications via email.
