2019 3rd Quarter Issue – InFRE’s free retirement newsletter – 1.0 CE credit

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The quarterly newsletter from the International Foundation for Retirement Education’s to help retirement professionals keep abreast of what’s happening in the field of retirement readiness, counseling, planning and income management.

In this retirement-specific newsletter, planners will learn about:

  1. “Medicare Advantage vs. Medigap: Which plan is right for your clients?” by Joanne Giardini-Russell, Owner, Boomer Health Group and Cameron Giardini, Boomer Health Group. There are the two choices that every 65-year-old is going to face when it’s time to think about what they’re going to do when it comes to Medicare: do they go with a Medicare Advantage Plan or Medigap?
  2. “Heading Toward Social Security Reform” by Bruce D. Schobel, FSA, MAAA, CLU, CEBS, Consulting Actuary. Let’s start with Social Security’s financial status. There isn’t any real news here. For more than 30 years, Social Security’s Annual Trustees Reports have shown a very similar financial picture for the program. The funds have been building up over 36 years, and now they’re going to be drawn down somewhat faster than that. They’ll be exhausted around 2035.
  3. “Reverse Mortgage for Purchase: Helping Seniors Buy a Right-Size Home with the Right Tool” by Allen Chao. The reverse mortgage program is a multi-faceted tool.  As a lender is, we qualify your clients for the most amount of money that they can get. For a traditional reverse mortgage you can divide that money up such as a credit line that you can tap into down the road, you can take it out as a lump sum to pay off a mortgage or pay off credit card debt, or we can annuitize it almost into monthly income options.

The articles below comprise the 2019 3nd Qtr Issue of Retirement Insight and Trends. Click on the links below to read each article online separately, or click here to view and print the issue in its entirety.

Follow the link at the end to access the quiz, and upon passing with 70% or greater you may receive 1.0 hour of CFP®, CRC®, ASPPA, CLU®, ChFC®, CASL and other CE credit!

 

Welcome to InFRE’s October, 2019 Issue of Retirement Insight and Trends

on October 15, 2019

Retirement InSight and Trends is the quarterly newsletter for the International Foundation for Retirement Education’s Certified Retirement Counselors® (CRC®s) to help retirement professionals with the practical application of new retirement readiness, counseling, planning and income management concepts for the mid-market. Find out more about the CRC® here and […]
Continue Reading this issue of Retirement Insight and Trends here→


 

October, 2019 InFRE Update: CRC® Program Maintains NCCA Accreditation Status 

on October 15, 2019

Every five years InFRE is required to reapply for CRC® certification accreditation by the National Commission for Certifying Agencies (NCCA). Our most recent application was submitted in April and I’m pleased to announce that the CRC® has been approved for accreditation status through July of 2024.[…]
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Medicare Advantage vs. Medigap: Which plan is right for your clients?

on October 15, 2019

By Joanne Giardini-Russell, Owner, Boomer Health Group and Cameron Giardini, Boomer Health Group

There are the two choices that every 65-year-old is going to face when it’s time to think about what they’re going to do when it comes to Medicare: do they go with a Medicare Advantage Plan or Medigap?

There have been a lot of headlines with the Affordable Care Act over the last ten years, how no one wants to take away insurance for people with health conditions, and that you can’t be denied coverage. That’s not the case with Medicare, which is probably the biggest issue of which your clients should be aware.

Financial advisors should start talking to clients in their early 60s about what it’s going to cost them when they go on Medicare. Medicare costs are determined by IRMAA (Medicare’s income-related monthly adjustment amount (IRMAA). […]
Continue Reading →


 

Heading Toward Social Security Reform

on October 15, 2019

By Bruce D. Schobel, FSA, MAAA, CLU, CEBS, Consulting Actuary

Let’s start with Social Security’s financial status. There isn’t any real news here. For more than 30 years, Social Security’s Annual Trustees Reports have shown a very similar financial picture for the program. The funds have been building up over 36 years, and now they’re going to be drawn down somewhat faster than that. They’ll be exhausted around 2035.

The 2019 Trustees Report came out on April 22, 2019, and mostly looks just like the last 30 reports. Trust Fund assets are very near their peak of three trillion dollars. For Social Security, it’s not so much because the program pays out almost a trillion dollars a year.

Starting in 2020, the Trust Fund assets will begin declining because the outgo will exceed the income. It is estimated that the Trust Fund will be exhausted in the year 2035; it could be 2034 or 2036, but it’s around 15 years from now. […]
Continue Reading →


 

Reverse Mortgage for Purchase: Helping Seniors Buy a Right-Size Home with the Right Tool

on October 15, 2019

By Allen Chao, Senior Account Executive at Longbridge Financial

The reverse mortgage program is a multi-faceted tool.  As a lender is, we qualify your clients for the most amount of money that they can get. For a traditional reverse mortgage you can divide that money up such as a credit line that you can tap into down the road, you can take it out as a lump sum to pay off a mortgage or pay off credit card debt, or we can annuitize it almost into monthly income options.

There are common uses of home equity that we consistently see as a lender. […]
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Earn 1 free Continuing Education (CE) credit for the October, 2019 Issue of InFRE’s Retirement InSight and Trends

on October 15, 2019

You can earn 1 CRC®, CFP®, ASPPA, and the American College’s Professional Recertification Program (CLU®, ChFC®, CASL) CE credit for the June, 2019 issue of Retirement InSight and Trends.
Click here to access the quiz.
When you have completed the last question, click the “submit” button to submit your final answers. You may not return to review or change your answers after clicking submit or if you close the browser window. You may restart the quiz if needed.
A score of 70% is required to pass the quiz and earn CE credit. You will see your score on your screen upon submitting your answers. An email will automatically be sent to you for your records as proof of successful completion. […]
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