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Financial Services

Benefits Buzz August 2017

Did You Know?

The Department of Labor (DOL) has officially dropped its support of the new overtime rule.  The rule, originally scheduled to take effect in December 2016, was halted by a federal court soon before its enactment.

Tis the Season for an Insurance Review

As another year comes to an end, it’s good to take stock of changes in your life or lifestyle that will affect your insurance protection in the New Year to come. The end of the year is a good time to conduct an insurance review to see if your policies still reflect the coverage you need or want. If changes are in order, it’s best to make them now so you can face the New Year with confidence knowing you’re fully protected against any eventuality. 

#1 Financial Advisor Office Again!

Hummel Group was once again ranked as the #1 office for the 8th year in a row.  Due to this ranking, Financial Advisors Andrew Miller, Scott Nussbaum, Hank Reifsnyder, Trevor Hostetler, Andy Badertscher, Karl Schlabach and OSJ, Josh Hartzler were all invited to attend the ONESCO Institute. 

2017 Year End Reminders

Required Minimum Distributions (RMDs)

Reminder that if you are 70+ years old, you need to take a minimum amount of money from any IRA you have.  Click here for a reminder on what an RMD is or contact a Financial Advisor at Hummel Group for more information.

 

It's Time for Baby Boomer RMDs!

In 2016, the first wave of baby boomers turned 701/2, and many more reach that milestone in 2017 and 2018.  What's so special about 701/2?  That's the age when you must begin taking required minimum distributions (RMDs) from tax-deferred retirement accounts, including traditional IRAs, SIMPLE IRAs, SEP IRAs, SARSEPs, and 401(k), 403(b), and 457(b) plans.  Original owners of Roth IRAs are not required to take RMDs.

Benefits Buzz December 2017

Did You Know?

According to the annual Kaiser Family Foundation and the Health Research & Educational Trust employer health benefits survey, over half of large employers have embraced telemedicine, with 63% offering health care services through this method.

Of these employers, 33 percent offer financial incentives to receive health care services this way, as opposed to an in-person physician visit.