Insurance Industry v. State of Washington

Do you detest the government more than large corporations? Or the other way around? And does it matter? Here is a showdown between our insurance commissioner and the state’s largest insurance companies (Group Health, Regence and Premera). The state is asking the legislature to pass a bill barring the insurance companies from raising rates, which…

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Hidden Problems of Reverse Mortgages

A reverse mortgage may make principle and interest payments go away, but not insurance premiums or taxes. This latest downturn in the market place has left many seniors without the ability to be able to pay taxes which leads to foreclosure. And the federal government holding the bag. Be careful in how you use the…

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Our Fragmented Health Care System

Another example of how our retirement system is fragmented (communication between primary care physicians and specialists they refer to have poor communication.) The biggest frustration for most consumers of medical services is the fragmented system that we call the health care system. What is even more striking is that there is just about no expectation…

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Stopped Clock Hall of Fame

As part of our standard equipment, human beings, have an innate need to know the future. Since the dawn of societal communication, we have sought out oracles, soothsayers, prophets, psychics, and a host of others who promise to deliver accurate forecasts of our various futures. Our quest for direction in a seemingly directionless world, has…

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IRA MRDs to Roth, is that legal?

IRC 408A(e)(1)(B)(i), referring back to IRC 408(d)(3). This was a listener posed question and one that has a storm of confusion around it. However, a plain reading of the relevant regulatory provision, Internal Revenue Code 408(d) makes it quite clear that minimum required distributions are not eligible for a Roth IRA rollover. The problem may…

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