The articles below offer general information, opinions, and forecasts and should not be considered advice.
We are excited to be featuring Jay Kulikowski this week in our Employee Spotlight! Jay has been a part of the team for over 12 years and we are so grateful for everything he does to support our clients and the team! Learn more about Jay here.
June 2022 – By Tom C. Rueger, J.D., CFP®
A recipient of Supplemental Security Income (SSI) is eligible to receive a monthly benefit when the Social Security Administration (SSA) determines that the recipient’s “income and resources” fall below certain limits. Funds held in certain kinds of Trusts (Special Needs Trusts) can be used to supplement, but not replace, the basic support that Medicare and SSI can provide to a special needs person. If drafted properly, funds in a Special Needs Trust can be specifically excluded from consideration of the “income and resources” limit that determines the eligibility for SSI, thereby allowing a special needs person to receive Medicare and/or a monthly SSI benefit. In other words, a Special Needs Trust is a method to shelter assets to ensure that government support is not lost or forfeited.
Continue readingMarket Memo
May 2022 – By Kyle Rohrwasser
The war in Ukraine continues as governments look toward a slowing global economy with continued inflationary pressures. News outlets have decreased their war coverage, but the conflict and its economic impact remain real. European countries have seen rising energy prices and COVID lockdowns in China have added to supply chain woes. In the United States, we feel these effects domestically through rising food and gas costs mainly. Based on the rising value of the dollar to other currencies, it implies that we are in better shape than most other economies.
Continue readingWe are thrilled to be featuring Jim Lawson this week in our Employee Spotlight! Jim has been a part of the team for over 4 years. We appreciate all his support within operations and technology! Learn more about Jim here!
