Personal Financial Planning - New Canaan, CT 06840

Life Insurance - There are always new and creative products coming from the life insurance carriers. The tax favored status of life insurance often makes it a sensible alternative for retirement and estate planning. As an example, new single premium life insurance products can be setup to pay early benefits for long-term care.

Health Insurance - Whether you are an individual self-employed person, or an employer sponsoring a group plan, you may be paying too much. It is best to shop the ever-changing health insurance market regularly to be sure you have the best coverage for the lowest premium.

What is an HSA Health Insurance Plan - You must have a qualified high deductible health plan to open a special tax-free healthcare savings account. Contributions to the account are tax-deductible and withdrawals are tax-free provided they are used for qualified medical expenses as defined by the IRS. Employers and individuals can setup an HSA qualified health plan.

Disability Income Insurance - What will you do if you lose your ability to generate an income because of a disability. A disability income policy can help pay your bills while you are retraining for another occupation. Or it can supplement a Social Security DI payment, which may not be enough to meet your family needs.

Long-Term Care Insurance - One of the proposals working its way through Congress is to make long-term care insurance premiums tax-deductible. Currently there are only certain circumstances where those premiums are tax-deductible. Also, remember to purchase a "qualified" long-term care policy.