Life insurance can enjoy favorable treatment under federal tax law. When structured properly, beneficiaries can receive death proceeds 100% tax-free, even passing free of probate and federal estate taxes. Furthermore, cash values can grow tax-free within the policy, and tax-free loans can be taken against the cash values. But favorable life insurance taxation isn’t guaranteed. When policies are structured improperly there can be significant consequences.
“Together for a better internet.” – That was the campaign slogan for Safer Internet Day (SID) on February 5, 2019. SID was launched to help create a safer internet for everyone, especially our youth. So rather than focus on internet safety at work, I’d like to discuss how we can make it safer for the children in our lives.
A company’s success often relies on its key employees. If one of them should abruptly pass away, the company’s future could be in jeopardy. Smaller businesses are particularly vulnerable, as they often depend on a few key people whose knowledge and skills are essential to the company’s operation. According to a survey of small businesses by the National Association of Insurance Commissioners, 71% of firms said they were very dependent on one or two key people for their success. However, only 22% of respondents had key person insurance.¹
More than 10,000 Baby Boomers turn 65 each day. This means a new person is eligible for Medicare benefits every eight seconds. But many who reach this milestone need help determining their best Medicare options. Further complicating the matter is that many people continue to work past the age of 65. Understanding Medicare can help employees make the right decision based on their particular needs. Let’s start by covering some of the basics.
Employees have spoken – paid time off (PTO) is important. In fact, a good PTO policy is one of the most valued benefits among job seekers. According to a recent survey, flexible hours and more vacation time ranked among the top three job perks people look for – right behind better health insurance.¹
Avera – a name derived from a Latin word meaning “to be well” – is synonymous with patient-focused holistic care. With a service footprint covering 72,000 square miles across 86 counties, Avera Health offers expert care in 60 medical specialties. Patients benefit from Avera’s innovative use of technology, as well as the emotional and spiritual emphasis woven into its care model.
SilverStone Group is serious about Associate wellness. So serious, in fact, that we have an entire volunteer committee that develops and executes programs to support Associate well-being – all backed by our executive leadership team. Our Wellness Activities Group (WAG) is excited to announce our partnership with Virgin Pulse (VP) beginning in 2019. VP is a total employee well-being solution that drives sustainable, long-term behavior change, strengthens workforce cultures and increases productivity.
There has been a lot written about when to collect Social Security benefits. Despite this, most retirees remain confused – and rightly so! This area of financial planning is very complicated with general rules and a host of exceptions to those rules. Moreover, searching for advice at your local Social Security office may result in conflicting recommendations on the best strategy.
Today’s competitive job market has been amplified by the nearly 10,000 Baby Boomers retiring daily.¹ Couple that with a record low 3.9% national unemployment rate and it’s not surprising
that applicant pools are looking rather thin. As the demand for qualified candidates increases, developing a strategic recruitment process is imperative.