Life Insurance Riders that Pay for Long-Term care

Life insurance has many uses, including income replacement, business continuation, and estate preservation. Long-term care insurance provides financial protection against the potentially high cost of long-term care. If you find yourself in need of both types of insurance, a life insurance policy that combines a death benefit with a long-term care benefit may appeal to… Read More

5 Numbers Identity Thieves Love

Identity theft has been in the news for many years now. And yet, identity fraud has continued to grow unabated and is costing our society billions of dollars each and every year. It has been reported that identity fraud hits a new victim every two seconds. If you do the math, that’s almost 16 million… Read More

6 Questions about Long-Term Care

1. What is long-term care? Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. There are three levels of long-term care: Skilled care: Generally round-the-clock care that’s given by professional health care providers such as nurses, therapists, or aides under a doctor’s supervision. Intermediate care:… Read More

Health Exchange Open Enrollment

A major provision of the Patient Protection and Affordable Care Act (ACA) was the creation of state-based and federal Health Insurance Exchanges for individuals and Small Business Health Options Programs (SHOPs) for small businesses. Beginning November 15, 2014, enrollment in Health Insurance Exchanges and SHOPs will be available. The open enrollment period ends February 15,… Read More

Mackey Advisors Economic Update

3rd Quarter 2014

Economic conditions continue to show signs of progress. On the upside, interest rates continue to remain low in the face of global uncertainty allowing U.S. consumers and businesses to borrow money more cheaply than has been historically possible. As an added bonus, increased oil production within the U.S. and globally has resulted in lower energy… Read More

Scammers Targeting Vulnerable Elderly

FoxBusiness.com

reposted from FoxBusiness.comby: Andrea MuradOctober 29, 2014 Financial fraud is devastating to everyone, but it can hit the elderly especially hard. “If you’re 20 [years old] and something happens to you financially, you have a long time to make a difference,” says Mackey McNeill, founder, president and CEO of Mackey Advisors. “If you’re older and… Read More

Social Security and Medicare Figures for 2015

New figures announced The Social Security Administration (SSA) has announced that Social Security and SSI beneficiaries will receive a 1.7% cost-of-living adjustment (COLA) for 2015. According to the SSA’s announcement, after the COLA, the estimated average monthly retirement benefit payable in January 2015 will be $1,328. The Centers for Medicare & Medicaid Services (CMS) has… Read More

14 Ways to Survive the Holidays Without Breaking the Bank

Anyone who knows me well is aware of the fact that I go a little overboard during the holidays. I overload on movies like Elf, A Muppets Christmas Carol, and A Christmas Story. I have the Pandora Holiday station churning out one-hit wonders, and old standards. It is also not uncommon to see my best… Read More

Sustainable Withdrawal Rates – Part 2

As mentioned in part I: Sustainable Withdrawal Rates, estimating the correct amount to withdraw from your retirement savings is critical in ensuring you make your investments last for your entire life as well as your spouses. Part II focuses on the various techniques that can be employed to minimize the risk associated with outliving your… Read More