Federal Law Changes That Will Affect Your Tax Return – Part 2

Yesterday, I began a 3-part series about some of the questions people are asking about recent federal legislation. Specifically, those questions are: Was Obamacare really declared unconstitutional by the Supreme Court? Were the required minimum distributions (RMDs) at age 70 ½ from your retirement plan really eliminated? And how about the threshold for writing off medical expenses–was that also tossed away? I answered question #1 in yesterday’s blog post and will answer question #3 in tomorrow’s blog post. Here’s my answer about the changes the SECURE Act brought to required minimum distributions (RMD). The Setting Every Community Up for Retirement

Federal Law Changes that Will Affect Your Tax Return – Part 1

Was Obamacare really declared unconstitutional by the Supreme Court? Were the required minimum distributions (RMDs) at age 70 ½ from your retirement plan really eliminated? And how about the threshold for writing off medical expenses–was that also tossed away? These are some of the questions people are asking in light of recent federal legislation. I’m going to answer these questions and clear up the misunderstandings most people have about the subjects in a 3-part series of blog posts. Today, let’s talk about the Affordable Care Act (ACA)–what many people call “Obamacare.” The ACA contains a provision referred to as the

Want to Join a Lunch and Learn?

Check out a recent blog post written by my associate, Pam Reihs of A.D. Banker & Company. She describes the monthly Lunch and Learn webcasts she and I co-host about the most current topics affecting the insurance industry. These webcasts are free, and they always fill up, so visit Pam’s blog post ASAP, where you can register to reserve your seat.  

Update: Health Insurance and the Individual Mandate

When the Affordable Care Act (i.e., the ACA or ObamaCare) was originally enacted in 2010, a number of lawsuits were filed contesting its constitutionality. Many people were opposed to the federal government stipulating that most Americans had to be covered by a specific form of health insurance or be fined. (The ACA also required large employers to offer a specific form of health insurance to a certain percentage of full-time employees or be fined.) The Individual Mandate is the ACA provision requiring individuals to be covered by health insurance that meets specific requirements of federal law to avoid paying a

10 Toughest State Laws re: Texting and Driving

Texting is a form of risky, or distracted driving. Experts say that when you’re sending or receiving a text, the average length of time your eyes are off the road is 5 seconds. Five seconds doesn’t sound like a long time. And maybe it isn’t. But taking your eyes off the road for 5 seconds while you text is the equivalent of driving your car at 55 mph, the entire length of a football field … blindfolded! The National Highway Traffic Safety Administration (NHTSA) has a webpage devoted to Risky Driving, just in case you’re interested in statistics about any

Drones: Do You Know the New Rules?

If you own a drone, you should know the FAA has rules and regulations that require virtually all drones to be registered. Regardless of whether your drone needs to be registered, it needs to comply with regulations concerning flight in the National Airspace System. Are you flying a drone for recreational purposes? As a modeler? For business? Everything you need to know about drone registration and requirements can be found on the FAA’s website by clicking here. Keep in mind that rules have been changing rapidly. In fact, one of the most recent rule changes relates to ADS-B technology. Automatic

I am Back!

Just a quick post to let you know I have not fallen off the face of the earth. The month of April brought that horrible stomach flu to my household and had us all laying low for nearly two weeks. Fortunately, the bug released its grip in time for us to head out to Florida on vacation, as planned, and for me to enjoy my birthday and Easter. I’ll be releasing my April Insurance Tidbits newsletter before the end of the month, along with my quarterly writing newsletter, Get it Write.In addition, my May webinar schedule will be posted tomorrow!

March Newsletter Now Available

My newsletter is a little late this month, and a bit on the short side thanks to a stomach flu that wiped me out for 2 weeks. The first week I was taking care of others and the second week found me flat on my back. Here’s the link to the March issue of Insurance Tidbits. You can also visit the Newsletter page of the website at any time to see the current and past issues of Insurance Tidbits, as well as Get it Write.