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How Will Obamacare Affect You?

Friday, October 18, 2013

The news is full of stories about the Affordable Care Act—better known as Obamacare—but most of us don’t really understand what the law requires. In this blog, we’d like to give you some basic information about Obamacare.

If you have insurance through your employer, you’ll be able to keep it (and you’ve probably already noticed that some preventive services have been added over the last couple of years). If you’re on Medicare or Medicaid, you can stick with your existing coverage. Continue reading “How Will Obamacare Affect You?” »

Defined Benefit Pension Plans: Worth Considering

Wednesday, October 2, 2013

Employers have various ways to offer retirement benefits to their employees—and to themselves. The amount that a retiree will receive from defined contribution options such as 401(k) and profit-sharing plans is uncertain; all that is certain is the amount that is contributed.

Another option is a defined benefit plan (DB plan). As its name implies, the retirement benefits that an employee will receive are defined by the plan’s formula. Plan formulas vary according to the company, but typically benefits are calculated by using individual factors such as salary and length of employment. Continue reading “Defined Benefit Pension Plans: Worth Considering” »

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