Roth or not to Roth

What if you could save money on taxes now and still be able to save money on taxes in the future? Try splitting up your savings by investing in both pre tax and post tax accounts. If you invest 30% or so of your savings into a Roth account or even life insurance, you can use that tax free money to pay the taxes due on your taxable income. If you use Life Insurance as a tax free funding tool you also get the death benefit proceeds to help your family out with the tax issues and complications if you die prematurely.

Assurant Health announcement

Assurant announced on April 29 that they are getting out of the health insurance industry. See the press release here. To those in the industry this doesn't come as a huge surprise as the company stopped paying commissions on new business in January and has been terminating people as soon as the grace periods are over. Does this mean people are going to lose their coverage and be up the boat without a paddle? NO! They still will be covered and Assurant will still pay their claims. As soon as they figure out what is going to happen (either a sale or closing of the business) the insurance company will have to pay their claims and take care of all business for 6 months after they stop the health plans. Anyone who is enrolled in a plan with them now will continue to have business as usual without fear. It sounds like the changes won't go into affect until open enrollment, which means it will be super easy to go searching for a new plan. The question still remains of what will your options be for 2016 and will you be able to keep your doctor? (My guess is yes, but give us a call first to make sure)