While the recent Executive Orders signed by the president provided American workers temporary relief in the form of a deferral of the employee’s share of payroll taxes from September 1, through the end of the year, they also directed the U.S. Treasury to find a means of eliminating the employee share of payroll tax altogether beyond this deadline.
Navigating the ins and outs of Medicare can be confusing. Boost your Medicare know-how with the basics around how it works, what it covers, and how to enroll in a plan that fits your needs. At Nationwide Financial, we’re here to help you make an informed decision about your coverage options.
Our educational resources, in particular the NCOA My Medicare Matters® tool brought to you by Nationwide, provide much needed insights into Medicare coverage – helping clients evaluate their individual needs, compare their options, enroll in a plan, and sustain the best option for years to come.
View an Extraordinary Conversation featuring John Carter, President and COO of Nationwide Financial, Tina Ambrozy, SVP of Strategic Customer Solutions for Nationwide Financial and Kelli Stiles, VP of Advanced Planning for LPL, as they discuss recent survey data on Social Security from the Nationwide Retirement Institute and its implications for Americans and their planning for retirement.
Results from two recent surveys, conducted by The Harris Poll on behalf of The Nationwide Retirement Institute® – both during and before the COVID-19 pandemic began – highlight that clients, even younger clients, have a desire for information on Social Security and expect their financial professional to provide it or make it available.
Over the last few months, Congress has enacted two pieces of legislation that changed the rules on Required Minimum Distributions (“RMDs”) from qualified retirement accounts. The SECURE Act moved the commencement date for RMDs from the year you turn 70 ½ to the year you turn 72. The CARES Act, enacted in response to the coronavirus pandemic, essentially eliminated RMDs for the 2020 tax year. But even with all this RMD “relief,” few people are asking the question: “does it actually make sense to skip taking a distribution from your qualified retirement accounts?”
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