Our Company News
New York Residents Should Review Their Estate Plans – New York Changes Law Governing Powers of Attorney
Episode 120 – For residents of New York State, recent statutory changes make this a great time to review your estate plan. Learn more about these changes and how they may affect your estate plan. Continue Reading New York Residents Should Review Their Estate Plans – New York Changes Law Governing Powers of Attorney
Joseph Barclay Cole Joins Security Mutual as Senior Vice President, Chief Actuary
Security Mutual Life Insurance Company of New York is pleased to announce that Joseph Barclay Cole, FSA, MAAA®, has joined the Company as Senior Vice President, Chief Actuary. In his new position, Mr. Cole will be responsible for providing senior leadership for the...
Are Coronavirus-Related Distributions Available in 2021?
Episode 119 – Don’t confuse Qualified Disaster Distributions (QDDs) with Coronavirus-Related Distributions (CRDs), which ended in 2020. A QDD is available only for non-COVID-19-related major disasters, such as hurricanes, wildfires, severe storms and other disasters. Learn more here, including the qualifications required to take a QDD. Continue Reading Are Coronavirus-Related Distributions Available in 2021?
Part 2 – COVID Relief Update: The American Rescue Plan Act of 2021
Part 2: Episode 118 – The details of the American Rescue Plan Act of 2021 are complicated. Here’s a summary of the provisions related to Unemployment Assistance, Health Insurance, Earned Income Tax Credit, and Rent and Mortgage Payments. Continue Reading Part 2 – COVID Relief Update: The American Rescue Plan Act of 2021
COVID Relief Update: The American Rescue Plan Act of 2021
Episode 117 – On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (“ARPA”), fulfilling one of his campaign pledges to provide additional COVID-19 pandemic relief. Because ARPA was just enacted and there are numerous provisions, we will need to wait for future guidance issued by the IRS and Department of Treasury. Continue Reading COVID Relief Update: The American Rescue Plan Act of 2021
Business Owners: Beware of an Involuntary Partial Plan Termination Due to COVID-19
Episode 116 – 2020 was undoubtedly a very difficult year for many small-business owners struggling to keep their businesses afloat while their businesses were forced to close or limit operations as a result of government mandates attempting to slow or stop the spread of the coronavirus. Continue Reading Business Owners: Beware of an Involuntary Partial Plan Termination Due to COVID-19
Estate Tax Planning Strategies in a Low Interest Rate Environment Part 2
Episode 115 – The continuing low interest rate environment makes certain estate tax planning strategies—such as GRATs, CLATs, IDGTs and intra-family loans—more efficient for wealthy individuals and families to consider for minimizing or avoiding estate taxes. Continue Reading Estate Tax Planning Strategies in a Low Interest Rate Environment Part 2
Life Insurance to Insure Your Love
Episode 114 – When it comes to life insurance, for most families the primary motivation for purchasing the insurance is simply because of love. Continue Reading Life Insurance to Insure Your Love