“Current events in compensation and benefits planning”

Posted Leave a commentPosted in Accounting, Financial Planning, News and Politics

Twenty years ago I taught a CPE course in my 2nd floor office in suburban Narberth PA called “Current events in compensation and benefits planning”. It was approved for CPE credit by the PA Bar Association, the PACPA and the PA Insurance Department It was surprisingly popular and the 12 chairs in the conference room […]

The market for health insurance advice (revisited)

Posted Leave a commentPosted in Affordable Care Act, Financial Planning, Health Insurance

Yesterday a peer in a closed online business discussion group asked me about the viability of health insurance advice and this triggered a recount of my prior experience in this field and a reexamination of my conclusion on the topic. There is actually quite a history behind my conclusion that health insurance advice is not […]

How can I save real money on health care?

Posted Leave a commentPosted in Employee Benefits, Financial Planning, Health Insurance

If you run a business, are self-employed or otherwise pay the full cost of your own health care expenses then you know that the price is too high. We are quickly approaching the point where one out of every five dollars of income will be spent on health care. This week the federal government took […]

Taxation of home health care benefits and family caregivers

Posted Leave a commentPosted in Financial Planning, Retirement, Tax Planning

When it comes to providing care in the home for a parent or relative, the tax implications can quickly become complicated. The IRS issued some guidance last year when payments come from Medicaid or similar programs under section 1915(c) of the Social Security Act. In short, these payments are not subject to self-employment tax but […]

Six shocking economic trends and how they affect us

Posted Leave a commentPosted in Financial Planning

Six headline-grabbing trends jumped out at me from the news recently and so I clipped graphics from The Wall Street Journal to illustrate the points. All seem to have potentially large economic impact for ordinary Americans and small businesses. My specific purpose is to consider the effects these trends might have on my own life […]

Fiduciary Rule will shake up the financial services industry

Posted Leave a commentPosted in Accounting, Financial Planning, Investment, Wealth Management

Most of us in the financial services or advisory professions are generally aware of the impact of the “Fiduciary Rule”.  But few, including myself, has any in-depth understanding of the scope of its impact. This well-written explanation of the fiduciary rule comes from a training material for financial service professionals. I added the emphasis. “In […]