Health Care Directives

<strong>October 30, 2023 </strong>on<strong> <em>ForYourBenefit, </em></strong>host Bob Leins, CPA® welcomes Marc Levine, Esquire, to talk about Health Care Directives.</p><ul> <li>What is a Health Care Directive (and is it different from a Health Care Power of Attorney)?</li> <li>What should l look for in my Health Care Agent? Why an advocate matters.</li> <li>What is the difference between my Health Care Directive and a Do Not Resuscitate?</li> <li>What is MOLST?</li> <li>Resources for health care decisions.</li> <li>What else does my health care directive do?</li> <li>How does my Health Care Directive interact with my Power of Attorney?</li> </ul>For questions or comments, email us in advance at <a href="mailto:ForYourBenefit@nitpinc.com">ForYourBenefit@nitpinc.com</a></p>

00:53:03

Relocating and Downsizing in Retirement

<strong>October 23, 2023 </strong>on<strong> <em>ForYourBenefit, </em></strong>host Bob Leins, CPA® welcomes Herb Casey, Federal Retirement Specialist.</p>In retirement, some will decide to relocate to a different location or residence. Maybe you want to live in a warmer climate or move closer to family. Herb will discuss the main considerations and resources available in making this decision.</p>And if you plan to relocate, it’s important to manage the possessions you have collected over the years. How do you determine what to keep?  Understanding the reasons why it may be necessary to downsize possessions and the steps necessary in the process will be discussed.</p>For questions or comments, email us in advance at <a href="mailto:ForYourBenefit@nitpinc.com">ForYourBenefit@nitpinc.com</a></p><em>Copyright © 2023 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.</em></p>

00:53:04

Cash Flow Planning and Debt Payoff Strategies

<strong>October 16, 2023 </strong>on<strong> <em>ForYourBenefit, </em></strong>host Bob Leins, CPA® welcomes Brian Kurrus, CFP®.  Our guest today will talk about cash flow planning and debt payoff strategies for Federal employees and retirees.</p><ul> <li>How much of an emergency fund do you need? How should you invest these assets?</li> <li>Which debt should you pay off first?</li> <li>What is the impact of higher interest rates on debt in general?</li> <li>Should you pay down your mortgage before retirement?</li> <li>What other cash flow changes might you have in retirement?</li> </ul>For questions or comments, email us in advance at <a href="mailto:ForYourBenefit@nitpinc.com">ForYourBenefit@nitpinc.com</a></p><em>Copyright © 2023 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.</em></p>

00:52:26

Preparing for the “What If’s” in Life

<strong>October 2, 2023 </strong>on<strong> <em>ForYourBenefit, </em></strong>host Bob Leins, CPA® and co-host Karen Schaeffer, CFP®, welcome Kay Bransford, Daily Money Manager, Professional Financial Advocate & Fiduciary, MemoryBanc.</p>We never know what life will bring. Too often spouses, partners, family, and friends are unable to help because they do not have the information they need. If you are unable to manage the day-to-day bill pay and expenses, how will your loved ones:</p><ul> <li>Pay for the household expenses?</li> <li>Cover your healthcare needs and know what resources are available to pay for medical expenses?</li> <li>Manage if you are terminally ill or die and they have no information about your accounts, retirement plans, insurance, loans?</li> </ul>For questions or comments, email us in advance at <a href="mailto:ForYourBenefit@nitpinc.com">ForYourBenefit@nitpinc.com</a></p>

00:52:28

FEHB and Taxes

<strong>September 25, 2023 </strong>on<strong> <em>ForYourBenefit, </em></strong>host Bob Leins, CPA® welcomes Tom O’Rourke, Counsel.</p>On today’s program, Tom will discuss how Federal employees can use their Federal Employee Health Benefits (FEHB) program as a tax reduction tool. Specifically, how all FEHB premiums and out-of-pocket medical expenses can be paid on a pre-tax basis. Tom will also talk about how a Health Savings Account (HSA) can be used to both reduce current tax liability and be used as a vehicle to accumulate funds to pay future health care costs.</p>For questions or comments, email us in advance at <a href="mailto:ForYourBenefit@nitpinc.com">ForYourBenefit@nitpinc.com</a></p>

00:53:25

Required Minimum Distributions

<strong>September 18, 2023 </strong>on<strong> <em>ForYourBenefit, </em></strong>host Bob Leins, CPA® welcomes Joe Sullender, CFP® to talk about Required Minimum Distributions (RMDs).</p><ul> <li>Basics of RMDs</li> <li>Understanding RMDs with inherited IRAs</li> <li>Timing your RMDs</li> </ul>For questions or comments, email us in advance at <a href="mailto:ForYourBenefit@nitpinc.com">ForYourBenefit@nitpinc.com</a></p><em>Copyright © 2023 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.</em></p>

00:49:15

The Importance of Life Insurance

<strong>September 11, 2023 </strong>on<strong> <em>ForYourBenefit, </em></strong>host Bob Leins, CPA® welcomes M. Shane Canfield, CEO, and Stacy Outlaw, Chief Marketing Officer, WAEPA.</p>September is Life Insurance Awareness Month. Today’s guests will discuss the importance of and uses for life insurance.</p><ul> <li>Why do we need life insurance?</li> <li>What are other uses of life insurance?</li> <li>How does life insurance benefit families?</li> <li>How does WAEPA compare to FEGLI?</li> </ul><br /></p>For questions or comments, email us inadvance at <a href="mailto:ForYourBenefit@nitpinc.com">ForYourBenefit@nitpinc.com</a></p><em>Copyright © 2023 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.</em></p><br /></p><br /></p>

00:50:38

The Cost and Value of Federal Benefits

<strong>August 21, 2023 </strong>on<strong> <em>ForYourBenefit, </em></strong>host Bob Leins, CPA® and cohost Ray Kirk, Ph.D., welcome Phil Gardner, Federal Benefits Specialist.</p>Today’s guest will talk about the cost of benefits for both the employee and the agency. He will discuss the value to the employee, the agency, and the Federal government.</p>We will look through the lens of:</p><ul> <li>Early career employees;</li> <li>Mid-career employees; and,</li> <li>Employees planning to retire.</li> </ul>How much can a new/early career employee expect to pay for benefits? How does this differ for a mid-career employee? What about the retiring employee?</p>For questions or comments, email us in advance at <a href="mailto:ForYourBenefit@nitpinc.com">ForYourBenefit@nitpinc.com</a></p><em>Copyright © 2023 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.</em></p>

00:52:32

It’s National Make a Will Month – Let’s Get Started

<strong>August 14, 2023 </strong>on<strong> <em>ForYourBenefit, </em></strong>host Bob Leins, CPA® welcomes Karen Schaeffer, CFP® and Megan Schaeffer, Estate Planning Attorney. In honor of National Make a Will Month, Karen and Megan will talk about:</p><ul> <li>Essential documents for everyone.</li> <li>How to get the process started.</li> <li>What happens when the documents aren’t in place.</li> <li>Why every 18-year-old should have at least health care documents.</li> <li>How and when to update your will and other estate planning documents.</li> <li>Strategies for streamlining transfers to family and charities.</li> </ul>For questions or comments, email us in advance at <a href="mailto:ForYourBenefit@nitpinc.com">ForYourBenefit@nitpinc.com</a></p><em>Copyright © 2023 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area</em></p>

00:51:59

Roth vs. Traditional IRA and Roth TSP vs. Pre-tax TSP and a Perspective on RMDs

<strong>August 7, 2023 </strong>on<strong> <em>ForYourBenefit, </em></strong>host Bob Leins, CPA® welcomes John Jilek, CFP®.</p><ul> <li>The Basics: Roth IRA vs. Traditional IRA</li> <li>The Advanced: Roth TSP vs. Pre-Tax TSP</li> <li>Tax law changes that will affect your decisions</li> <li>The decision to not have some tax-free Roth money available in retirement could be a significant issue in your spending years</li> <li>Impact of the SECURE Act and SECURE Act 2.0 on beneficiaries of retirement accounts</li> </ul>For questions or comments, email us in advance at <a href="mailto:ForYourBenefit@nitpinc.com">ForYourBenefit@nitpinc.com</a></p>

00:43:22