Learn How to "Protect Your Annuity" during my one hour class

Protect Your Annuity – Not all annuities are the same, but they ALL need to be protected.  Learn briefly the different types of annuities and the ONE way to protect them all.  You worked hard for your retirement, now help guarantee that your money will be there when you need it.  All classes will be held at the Dexter Community Schools.  One class offered in Jan 2014, one class in Feb 2014, and one class in March 2014.  Contact the Instructor Matt Skiba, State of Michigan Licensed Agent with Estate Preservation Agency of Brighton, MI by phone 734-395-5425 or email "NextStep@DreamingOfRetirement.com for more details.  

Pension Maximization

Attention all current working TEACHERS in the State of MI or any current employee expecting to receive a pension from the Office of Retirement Services that live in the State of MI.  During the months of Jan, Feb, and March of 2014 I will be instructing one, one hour class each month on how to retire with more cash in your pocket, potentially thousands more and with tax protection.  To find out how to pre-register with "Dexter Community Education" contact the Instructor "Matt Skiba" with Estate Preservation Agency, Brighton, MI at 1-734-395-5425, or by email at: NextStep@DreamingOfRetirement.com.  All classes will be held at the Dexter Community Schools.

The Open Enrollment Deadline for a Jan 2014 effective date has passed.

See the effective date schedule below for online enrollment:

From 12/26/2013 to 01/15/2014 for a February 01, 2014 Start Date,

From 01/16/2014 to 02/15/2014 for a March 01,2014 Start Date,

From 02/16/2014 to 03/15/2014 for a April 01, 2014 Start Date,

From 03/16/2014 to 03/31/2014 for a May 01, 2014 Start Date.

The deadline for a January 2014 Start Date has passed.

 

** If you miss this opportunity to apply for health insurance, you will NOT be allowed to purchase again until October 15 – December 7, 2014 which will be the annual “Open Enrollment” period starting in 2014.

** Even if you currently have a qualified plan for 2014 and beyond, you can still make changes to one of these “Health Plus” plans during this extended “Open Enrollment” period. Remember to select "See All Available Plans", and if you have any questions please feel free to call: 1-734-395-5425.

** Waiting until you are sick or in need to "purchase" insurance, does NOT create a qualifying event.  Waiting may mean that you will pay out of pocket for all expenses even catastrophic.  Don't delay, apply today!

Thank you and I look forward to helping you further with all of your health care and no-risk retirement solutions.

Matt Skiba, State of Michigan Licensed Agent

Estate Preservation Agency, Brighton, MI

For All of Your Health, Life, and Retirement Solutions

Direct) 1-734-395-5425

www.DreamingOfRetirement.com

NextStep@DreamingOfRetirement.com

 

Losing Your Major Medical Insurance due to the Affordable Care Act?

 

To find qualified “major medical” insurance plans for an individual, or a family, use the link below to view available plans from "Health Plus of Michigan".   Once you've identified a plan that you like, just use the "Apply" button and complete the online application.  It is simple, no lines, no waiting, and most importantly there are NO health questions.  That's correct; there are no pre-existing condition clauses to worry about.  All of the plans designed by the Affordable Care Act and Health Care Reform are GUARANTEED ISSUE.  Because of “Guaranteed Issue”, even employers are seeing the value of switching to “individual” or “family” plans that are portable ie…NO MORE COBRA plans.  Again, just click on the link below, locate the best plan for you and or your family, click on the apply button and complete the application.  Here is that link:

https://healthplus.healthinsurance-asp.com/healthplus/ClearWorkspace.action?nextAction=/user/URLDecryptAction.action&refID=2ixxbhtcv9mvh95bh66luz366pbp0fizne3ql3i9jirf17jdav

The timing of your online application will determine your “Effective Date”.  See the effective date schedule below for online enrollment:

Until December 23, 2013 for a January 01, 2014 Start Date,

From 12/26/2013  to  01/15/2014  for a February 01, 2014 Start Date,

From 01/16/2014  to  02/15/2014  for a March 01,2014 Start Date,

From 02/16/2014  to  03/15/2014  for a April 01, 2014 Start Date,

From 03/16/2014  to  03/31/2014  for a May 01, 2014 Start Date.

** If you miss this opportunity to apply for health insurance, you will NOT be allowed to purchase again until October 15 – December 7, 2014 which will be the annual “Open Enrollment” period starting in 2014.

** Even if you currently have a qualified plan for 2014 and beyond, you can still make changes to one of these “Health Plus” plans during this extended “Open Enrollment” period.

Remember to select "See All Available Plans", and if you have any questions please feel free to call: 1-734-395-5425.  Thank you and I look forward to helping you further with all of your health care and no-risk retirement solutions. 

Matt Skiba, State of Michigan Licensed Agent

Estate Preservation Agency, Brighton, MI

For All of Your Health and Retirement Solutions

Direct) 1-734-395-5425

www.DreamingOfRetirement.com

NextStep@DreamingOfRetirement.com

GM - Decision time nears for GM, Ford retirees on lump sum offer

Put a pile of money on the table before thousands of retirees from two major carmakers. Will they grab it or stick with a regular monthly check?

Some white-collar General Motors retirees have until July 20 to decide if they want a payout of $300,000 or $500,000 or so. Some experts say offers to blue-collar retirees could be next.

Warning: This could be the start of something new for retirees across the country.

Financial advisers everywhere are watching how a significant lump-sum payout deal plays out with two big carmakers. Pension experts caution that many retirement-plan sponsors could be dangling lump-sum payouts in years ahead. The rules involving how lump-sum payouts could be calculated changed in 2012 — and some say employers could have more incentives down the road to limit their risks associated with managing pension plans.

Click here for full story:  http://www.coshoctontribune.com/article/C4/20120712/COL07/207120482/Susan-Tompor-Decision-time-nears-for-GM-Ford-retirees-on-lump-sum-offer 

To visit my website and request a personal and private review of your choices beyond what has been offered, click on the following link: www.DreamingOfRetirement.com.

GM: GM salaried retirees still protesting pension shift

GM's decision to terminate its salaried pensions and transfer them has drawn anger from many retirees  and some have threatened to stop buying GM vehicles.

Jim Shepherd, the General Motors Retiree Association president, wrote GM chairman and CEO Dan Akerson this month questioning the move, and noting that retirees would lose the protection of the Pension Benefit Guaranty Corp. - the government's pension insurer - along with federal law that governments employee pensions 

GM officials on the call said the July 20 deadline to decide whether to accept the lump sum will not be pushed back - even though some retirees say they have gotten incorrect figures and are awaiting corrected ones.

He said one option may be an informal boycott by individual members. "We've got retirees who are sleeping one or two hours a night and are sick to their stomach," he said.

"We believe that these changes are good for retirees...and for the company, which will see its pension obligation reduced significantly," wrote Brinkley. "Strengthening our balance sheet will allow GM to do something we haven't done in decades -- focus our attention and resources on being the best carmaker we can be. That is good for everyone with a stake in GM's success."

Akerson said this month the company would consider a similar move for hourly employees, but has made no decisions.

For more information about GM Pension Buyouts visit: 

www.DreamingOfRetirement.com

Click here for full Story:
http://www.detroitnews.com/article/20120622/AUTO0103/206220434
Story Date: 06-22-12

GM: More firms to offload pensions

MetLife Inc. and Prudential are among insurers that expect the GM deal to encourage more corporations to offload plans. Pension liabilities exceed assets by more than $435 billion, according to a Bloomberg review of data disclosed by firms in the Russell 1000 Index of large U.S. companies. Greece, facing demands for austerity measures in exchange for rescue funds, had total debt of about $450 billion at the end of 2011.

There "may be a greater willingness to pull the trigger and execute a transaction," said Robin Lenna, executive vice president of MetLife's corporate benefit funding group. "They have a model. Somebody already did it in a big way."

"The pension world will forever remember this transaction as the beginning of the era of pension de-risking," said Dylan Tyson, head of pension risk transfer at Prudential, the No. 2 U.S. life insurer. "This is a market whose time has come."

Timken Co. is among firms that may follow GM's path. The maker of bearings has spoken with Prudential and other insurers about annuitizing its pensions, which have $2.6 billion in assets and $3.1 billion in liabilities, said Glenn Eisenberg, the Ohio-based company's executive vice president of finance and administration.

For more information on GM Pension Buyouts visit: www.DreamingOfRetirement.com

Click here for full Story:
http://www.detroitnews.com/article/20120620/AUTO0103/206200327
Story Date: 06-20-12