[et_pb_section admin_label=”Section” fullwidth=”on” specialty=”off”][et_pb_fullwidth_header admin_label=”Fullwidth Header” title=”Its February already ” background_layout=”light” text_orientation=”left” header_fullscreen=”off” header_scroll_down=”off” parallax=”off” parallax_method=”off” content_orientation=”center” image_orientation=”center” custom_button_one=”off” button_one_letter_spacing=”0″ button_one_use_icon=”default” button_one_icon_placement=”right” button_one_on_hover=”on” button_one_letter_spacing_hover=”0″ custom_button_two=”off” button_two_letter_spacing=”0″ button_two_use_icon=”default” button_two_icon_placement=”right” button_two_on_hover=”on” button_two_letter_spacing_hover=”0″ subhead=”February 2017″]
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By David Schaeffer<\/p>\n
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This year will be exciting; new year, new government, new initiatives! As always, I look at what we can do to make a positive impact on our community.\u00a0 At our firm, we are looking to continue to grow. We have two new initiatives that may employ upwards of an additional 10 people in 2017.<\/p>\n
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One program will focus on the needs of wealth transfer and family income continuation. The great news is it will bring a new dynamic to our practice. It will serve folks in their 50s. Life is very different when you still have kids in the house, and you are taking care of your parents too. I am eager to serve the last of the baby boomers as we learn their needs, wants, and desires.<\/p>\n
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As for the new government, I hope they focus on the spirit of the campaign promises. The Affordable Care Act is a major piece of legislation. Repeal makes nice rhetoric. REPAIR makes good sense for our country. We need access to health care without regard for pre-existing conditions.\u00a0 It already works for folks on Medicare.\u00a0 The solution may not be pretty, but we, as a country, must strike a balance between what we need and who is going to pay for it. It is not legal to force an insurance company to lose money. (BCBS of Arizona alone lost $221 million in 2015 and 2016, which was not reimbursed as promised under the not very Affordable Care Act.) On the other hand, it is not moral to allow someone to die because they do not have access to adequate health care. These are big issues. I look forward to real, workable solutions from this administration.<\/p>\n
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The previous administration has also passed a\u00a0 law which goes into effect April 10, if not\u00a0 \u00a0 repealed or pushed to a later date, that will\u00a0 \u00a0 require a financial advisor to act in the best\u00a0interest of a client. Our company has always\u00a0exceeded all fiduciary standards, so I agree with\u00a0the spirit and intent of the law. The challenge\u00a0with complying with the law is there are no rules available to comply with\u00a0anywhere to be found.\u00a0 Additionally, everyone will now need to pay fees, which we rarely charged in the past, on their entire IRA portfolio. Legislation has been introduced to delay implementation until rules can be agreed upon, which is\u00a0good thing!<\/p>\n
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Where do we go from here?<\/p>\n
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In change, there is opportunity; all we need to do is find it and help people on their way through it, and we will! <\/em><\/strong><\/p>\n [\/et_pb_text][et_pb_image admin_label=”Image” src=”https:\/\/americanretirementadvisors.com\/wp-content\/uploads\/2016\/06\/30144940_m.jpg” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”left” sticky=”off” align=”left” max_width=”200px” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n <\/p>\n [\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" By David Schaeffer [spacer height=”02px”] This year will be exciting; new year, new government, new initiatives! As always, I look at what we can do to make a positive impact on our community.\u00a0 At our firm, we are looking to continue to grow. We have two new initiatives that may employ upwards of an additional […]<\/p>\n","protected":false},"author":1,"featured_media":5595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,1],"tags":[95],"class_list":["post-6841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investments","category-uncategorized","tag-its-february-already"],"yoast_head":"\n