Life Insurance Applications on the Rise During the Pandemic Posted by CopyTeam It may come as no surprise to learn that there was a jump in life insurance applications during 2020.1 While contemplating one’s demise may feel like something you can delay when healthy, financial planning clearly weighed heavily on the minds of Americans during …
What is Your Retirement Plan? Posted on April 27, 2021 by CopyTeam Amid lost jobs and a scaled-back economy in 2020, some workers may have decided to retire earlier than planned. There are a couple of Social Security strategies worth considering in this scenario. First, if both spouses are over age 62, determine if …
Updates on FSAs and HSAs Posted on April 20, 2021 by CopyTeam A recent survey found that 40% of respondents with access to a Health Savings Account (HSA) do not fully understand how they work. Basically, HSAs are paired with high-deductible health plans to help people save money for their plan’s high deductible, copayments …
More money can buy happiness . . . to a point In 2010, a study was published by two Nobel prize-winning economists purporting that people with more money feel better about their lives. However, that held true only up to an annual salary of $75,000 ($90,000 in today’s dollars). Past the $75k threshold, people weren’t …
Are You Making Plans on How To Celebrate Post-Pandemic? Many Are! If you’ve been cooped up, masked and socially distanced for the last year, what’s the first thing you want to do to celebrate post-pandemic freedom? Plan a dinner party? Go on a trip? Hug your grandchild? Do your plans involve spending money – …
The Pros and Cons of Corporate America’s Remote Work Trend Post-pandemic, will everyone in America go back to the office like nothing ever happened? Will lost jobs be recovered? Or is remote work and skeleton staffing a trend here to stay in Corporate America? A recent survey of company leaders revealed that eight …
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Every year, Berkshire Hathaway’s Chairman and CEO Warren Buffett sends a thoughtfully crafted letter to the company’s shareholders from which the investment industry gleans whatever newfound wisdom possible. Given that 2020 was an unusual year by economic, social and financial standards, there is much to glean. Despite the difficulties the U.S. has experienced …
What\’s an Annuity and How Does it Work? The Insured Retirement Institute (IRI) – a trade association for the retirement income industry – advocates annuities as a vehicle that can help provide retirees income, guaranteed by the insurer. The organization has been actively educating and lobbying legislators to expand annuity access as part of …
Tax Pitfalls Millions of Americans took advantage of the delayed tax-filing deadline in 2020 and will have that opportunity again with the recent IRS announcement extending the deadline to May 17, 2021. In fact, according to one survey, 11% of taxpayers filed their 2019 returns after the July 15 extension last year, and 3% …
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The Scoop Future Potential of Brain Computer Interface (BCI) Technology Telekinesis has always been portrayed in science fiction movies as a futuristic, pseudo-scientific, alien-like trait — but no more. The neurological capacity to influence a physical system without physical interaction is on its way to mass market applications. The development of brain-computer interfaces …