Insights
Category: Insurance
February 15, 2022
Retiring Early? Don’t Forget Health Insurance
If you’re planning to retire early, remember to include the cost of health insurance in your financial plan. Medicare eligibility begins at age 65, but until that time you’ll need to enroll in a private insurance plan. Be sure to check your eligibility with COBRA from your prior employer as well. COBRA premiums can be [...]
Contributions from: Eric Schuehle, Rich Merrifield, CFP®, AIF®
February 9, 2022
Do I Have Enough Life Insurance?
Life insurance plays an important role in your financial plan by continuing to provide for your spouse and children in the event of your unexpected passing. For business owners, life insurance can protect the value of your business if you pass, and for those with large estates, life insurance can help offset future estate tax. [...]
Contributions from:
October 5, 2021
Washington Cares Payroll Tax Opt-Out Is Now Open
Update as of: January 27, 2022 On January 27th, Governor Jay Inslee signed House Bill 1732 which delays implementation of the long-term care payroll tax in Washington State for 18 months. Employers will not be required to collect the .58% payroll tax until July 1, 2023. In addition, the law was updated so individuals born [...]
Contributions from: Vonie Bright, CFP®
April 26, 2021
What You Need to Know About the New Washington State Long-Term Care Act
Update as of: January 27, 2022 On January 27th, Governor Jay Inslee signed House Bill 1732 which delays implementation of the long-term care payroll tax in Washington State for 18 months. Employers will not be required to collect the .58% payroll tax until July 1, 2023. In addition, the law was updated so individuals born [...]
Contributions from: Anne Marie Stonich, CFP®, CPA, Joe Cervantes, CFP®, CLU®, AEP®, Vonie Bright, CFP®, Glen White
October 14, 2015
Buy the Umbrella before the Storm: The Importance of Flood Insurance
When thinking about risk management, floods – and by association, flood insurance – are often dismissed as a wasted expense or optional add-on. Buyers rationalize that flash floods and damage from rainfall are things that only happen to “other people.” It brings to mind Noah’s ark, surging rivers, and tsunami waves crashing on the coast. [...]
July 17, 2015
Stop the Presses: ACE to Acquire Chubb
On July 1st, the insurance world experienced a major event. I woke at 4:00am for my pre-sunrise run and upon my return home was bombarded with the news: ACE acquires Chubb for $28.3 billion! I did quite a double-take, but much to my surprise, I saw that these two insurance companies had indeed joined forces. [...]
April 15, 2015
5 Things to Know About Boating
Spring is here! With sunshine and blue skies overhead and Opening Day of the boating season on the horizon, nautical northwesterners are itching to get on the water. Before you launch your boat this season, take a few moments and review your insurance policy; coverage can vary greatly from policy to policy. Here are five [...]
January 29, 2015
Stephen King Horror Moment – the Importance of the Umbrella
Have you ever sent a text message while driving? Taken a phone call in the car and your Bluetooth didn’t sync – phone held up to your ear – multi-tasking, juggling work, family and deadlines? In the blink of an eye, perhaps traffic stops, a motorist swerves, a pedestrian pops out unexpectedly and you’re responsible [...]
January 28, 2015
Reviewing Your Life Insurance
10 Potential Pitfalls and How to Protect Your Beneficiaries 1) Naming a Minor Child Insurance companies will not pay the proceeds of a life insurance policy directly to a minor. Absent a trust or other specified legal arrangement, a court-appointed guardian will handle all proceeds until the child reaches legal age (18 or 21, depending [...]
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