Tag: Sidney Ohio

Turning 65 and looking for some answers?

Are you turning 65 and wondering what the next step is? 

We will be holding our next Medicare Solving The Medicare Puzzle Workshop:

Wednesday, June 26 @ 5:30 pm – Location: Troy office — 1385 Stonycreek Road. 

This is an introductory session explaining the 4 parts of Medicare and what an individual’s options are when they turn 65 or retire and go on Medicare.  We have had an excellent response to these workshops, so if you know of someone who could benefit, please let them know.

Seating is limited, so please RSVP:  Toll Free – 877-492-8803, or comment on this post!

Next workshop date announced

Our next Solving the Medicare Puzzle Workshop will be held on Thursday, May 9 at 5:30 pm in our new Sidney office at 2551 Michigan Street in Sidney. Seats may be reserved by calling our office at 937-492-8800 or online by clicking https://seniormark.com/workshops/ .

If you know someone who would like to or should attend, please share this post with them!

Next Troy Workshop announced!

Our next Solving the Medicare Puzzle Workshop will be held on Thursday, December 13 at 5:30 pm in our Troy office at 1385 Stonycreek Road, Troy. Seats may be reserved by calling our office at 937-492-8800 or online by clicking https://seniormark.com/workshops/ .

If you know someone who would like to or should attend, please share this post with them!

Stock Market Returns without the Risk…Are you kiddin me?

Am I kidding you?  ABSOLUTELY!

If you have retired recently, or are going to be retiring soon, you have probably been hit up to purchase an Equity Indexed Annuity (EIA).  No?  Oh, that’s probably because the financial service industry has done a bang up job of marketing.  You may not have even been told it’s an annuity.  You’ve probably heard how you can get “Stock Market Returns without Risking your principal.”  WOW!  If that were the case, who wouldn’t do it.  The sad truth is, retirees are doing it by the truckloads.

Total 2011 indexed annuity sales set a record at $32.3 billion dollars, capping off a fourth consecutive record year.  So why are retirees flocking to these investments while the state insurance departments and the Financial Industry Regulatory Authority (FINRA) has issued warnings about these products (click here to see the FINRA warning)?  The answer is simple.  Financial salespeople motivated by large commissions and incentives!

Now, before I get a bunch of angry emails from EIA reps…Can an Equity Indexed Annuity ever be a good choice?  Possibly, but you probably won’t find it from the rep who is inviting you to a free dinner seminar or giving you a “complimentary consultation.”  So, how do you protect yourself?  Knowledge!  You need to know enough about the product to recognize it when you see it.  So keep reading and you will…

An EIA is simply an annuity that links its return, interest rate, payout, annual credit (whatever they may call it) to the return of an associated index…typically the S&P 500.  In other words, the return you get on your money will be linked to what the S&P 500 index return is for the year.  Sounds simple enough…but the truth is that it is far from simple.  These products are extremely complex and the crediting methods are even more.  The return you get may be tied to the S&P 500, but it is far from equal to that return.  Why?  Because the insurance company has to guarantee your principal.  Let’s just say they compensate themselves by taking part of your return, charging you a fee or both.

Most plans take part of your return by setting a cap on the return they pass on to you or setting what is called a participation rate.  For example, they may set a cap of 8 % meaning you will get whatever the S&P 500 returns for the year up to a maximum of 8%.  So, if the S&P returns 6% for the year then you get 6 %.  If it returns 15% for the year, you only get 8%.  A participation rate is similar but is a percentage of the total return.  For example, 90% participation rate would mean you get 90% of whatever the S&P 500 returns for the year.

“So what is the problem?” you may be asking.  Join me for Part 2 of this series where I will discuss some of the problems and what you can do to protect yourself.

New and improved website~

Things are changing all over the place at Seniormark! We are so excited about these changes, because it means we will be able to provide the same excellent service our clients are used to, while being able to add even more ways of teaching and expanding the knowledge base of our clients.

Today’s exciting announcement is that our website has been completely redesigned and has a fresh new look! We hope you will head over there and take a peek. We will continually update it with new videos, keep our prices current, etc.  Bookmark it and visit often for changes!

Please check out the new website at https://www.seniormark.com and let us know what you think!

Announcing our summer gas card giveaway!

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SUMMER GAS CARD GIVEAWAY!

Celebrate summer with our gas giveaway!!!  We will be giving away a $200 gas card to a random person the week of August 1, 2012. 

It’s easy to enter!  Just tell people about us!!  You will receive one entry for every person that calls and tells us that you sent them.  So, the more you spread the word, the more chances you’ll have in the drawing!

They do not need to purchase anything for you to be eligible.  However, they do need to mention your name during their first phone call to our office or their first workshop they attend, so make sure you remind them!

As always, our current clients will still receive a $20 gift card to Bob Evans for every referral.  But during the Summer Giveaway your fun is doubled because your name will also be thrown in the hat for our free gas card.

Good luck to everyone!

Announcing……our next Medicare Workshop!

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Are you turning 65 and wondering what the next step is?

We will be holding our next Medicare Solving The Medicare Puzzle Workshop:

Tuesday, May 15 @ 5:30 pm – Location: Sidney office — 1602 Wapakoneta Avenue.

This is an introductory session explaining the 4 parts of Medicare and what an individual’s options are when they turn 65 or retire and go on Medicare.  We have had an excellent response to these workshops, so if you know of someone who could benefit, please let them know.

Seating is limited, so please RSVP:  Toll Free – 877-492-8803, or comment on this post!