This Saturday hear
Nancy Hecht CFP® and Joe Bert CFP®
co-host our program
“On The Money”!

They’ll be discussing . . .
• A Man Is Not A Plan:
Sometimes, Separating Is The Best Decision.

• 5 things to consider
when picking your retirement age

Email question: Is My High-Fee,
No-Employer Match 401(k) Worth It?

Call or eMail
Your Questions:
407-290-0058 OR
1-800-328-5858
Nancy@FinancialGroup.com
Joe@FinancialGroup.com

Listen for details about
our upcoming workshops:

Countdown to Retirement
Saturday, Sept 7, 2013 – 11:00am – 1:00pm
Hosted By: Roger Johnson CFP® and
Estate Planning Attorney Jodi Murphy, J.D.

Social Security:
Maximize Your Benefits
Thursday, Jan 23, 2014 – 6:45pm – 8:00pm
Hosted by: Nancy Hecht CFP®
and Denise Kovach CFP®

disclosures:http://www.hechteffect.net/?page_id=31

This is an issue I have been dealing with a lot lately. Actually, most of the planners in my office have. Why you may ask; because we have Parents in their 70’s and 80’s and we are taking care of them right now.

Many of us have seen first hand how expensive even the most basic of Long Term Care is, and how unprepared our Parents are. Not planning enough, or at all, for this need has put a huge emotional as well as financial strain on our lives.

I have had a number of clients that have, sadly, lost their Parents after a prolonged illness. Some have given up their careers, moved the Parent into their homes, or temporarily moved to their Parent’s home during these crises.

There are many options available to fund for part or all of your own potential long term care needs. Give me a call at 407- 869 -9800 or email me at nancy@financialgroup.com. I can help.

Disclosures:http://www.hechteffect.net

When it comes to Social Security, there is an advantage to being married. One spouse can take what is called a spousal benefit, up to 50% of the other spouse’s benefit. Let’s say you would receive $2000/mo. from Social Security but your spouse would only get $400. Your spouse can apply for the spousal benefit and receive $1000/mo. vs. the $400. This assumes claims are made at full retirement age.

Learn about this and all of the Social Security options at our Social Security Seminar, Thursday July 25th @ 6:45pm here at our office in Altamonte Springs, Call 407- 869- 9800 to make your reservation. We only have a few seats left.

disclosures:http://www.hechteffect.net/?page_id=31

Q: I am 62 and currently unemployed. I have $117,000 in a 401(k) and $7,000 in savings. If I do not find a job soon, should I file for Social Security?

A: At age 62 you would receive a reduced Social Security benefit but it can be helpful with cash flow. So, yes, you should consider filing for Social Security benefits.

disclosures:http://www.hechteffect.net/?page_id=31

• Tony Soprano
Wouldn’t Let This Happen

• Don’t Give Up On Living
Your Retirement Dream!
Email Question: I will be 62 next month and would like to retire. I am divorced and my 62 year-old ex-husband is retired and receiving $1,600 per month in Social Security benefits. My benefit at 62 is $1,400 per month. I would like to apply to receive one-half of my ex-husband’s benefit, which is $800, and let mine grow until age 70 when it will be considerably higher. Can I do this?

disclosures:http://www.hechteffect.net/?page_id=31

Many of us were saddened at the passing of James Gandolfini. If Tony Soprano knew who advised James regarding his estate planning, he would have him wacked. Due to the way his will was written, James Gandolfini’s estate will pay $30 million in estate tax. Yes, that says $30 million. The problem was a simple one to avoid.

Mr. Gandolfini names his 9 year old Daughter and his sisters as the major beneficiaries to his estate. If he had named his Wife as the primary beneficiary, his estate would have passed in total to her without a penny of estate tax owed as his death. This is the Unlimited Marital Asset provision of the Estate Tax Code. By naming non-spousal beneficiaries to inherit the bulk of his estate, the tax after $1.5 million, starts at 55%.

I don’t think the James Gandolfini wanted to be philanthropic to the Federal Government vs. his family. A meeting with a qualified Estate Planning Attorney would have avoided this tax.

disclosures:http://www.hechteffect.net/?page_id=31

Nancy’s cover OBJ3

Disclosures:http://www.hechteffect.net/?page_id=31

Orlando Business Journal – 2013-06-28 digital edition

http://edition.pagesuite-professional.co.uk/launch.aspx?eid=0ff8bf2b-c6e3-4e90-8dc4-388417b26041

disclosures:http://www.hechteffect.net/?page_id=31

Be sure to catch “On The Money”

This Saturday hear
Nancy Hecht CFP® and Joe Bert CFP®
co-host our program
“On The Money”!
They’ll be discussing . . .
• The Most Undervalued “Investment.”
What It Is and Why You Need It.
• Retiring Early? Make Sure You Know the Rules for Early Withdrawals.
• Is Healthcare Determining Your Retirement?
Call or eMail
Your Questions:
407-290-0058 OR
1-800-328-5858
Nancy@FinancialGroup.com
Joe@FinancialGroup.com

Listen for details about
our upcoming workshops:

Social Security:
Maximize Your Benefits
Thursday, July 25, 2013 – 6:45pm – 8:00pm
Hosted by: Nancy Hecht CFP®
and Denise Kovach CFP®

Countdown to Retirement
Saturday, Sept 7, 2013 – 11:00am – 1:00pm
Hosted By: Roger Johnson CFP® and
Estate Planning Attorney Jodi Murphy, J.D.

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disclosures:http://www.hechteffect.net/?page_id=31

I am currently working with a couple that is, by accepted standards, not ready to retire. Both of them are on their mid 50’s, have worked at their current positions for 30 years, but now should retire. Why? With healthcare reform looming, their heath care benefits will go away as retirees if they do not exercise them now.

I was asked to put together a comprehensive retirement plan with specific emphasis on their heath benefits. If they retire now, at the end of their 30th year on the job, they will receive retiree heath benefits and remain part of the group. If they do not – it is gone. They both work for large companies with a very nice retiree benefit, one that they cannot afford to ignore. I fear that this is just the beginning of this trend. Long term employees who enjoy what they do, plan on retiring in their 60’s as most people do, are being forced to make the decisio0n to retire now or lose that for which they have worked a life time for.

Talk to your H.R. department to see what your company policy is regarding this very important decision. This is one you cannot afford to let slip through your fingers.

disclosures:http://www.hechteffect.net/?page_id=31