Life & Health Insurance Agent

Life & Health Insurance Agent I work with individuals and families to provide financial planning & insurance services based on their objectives and circumstances. Tadeo E.

I may address retirement, estate, and tax-aware strategies to help clients understand options and make informed decisions. Hubahib offers Investment Advisory Services through IAMS Wealth Management, LLC (Omaha, NE 888-255-7670), a SEC Registered Investment Advisor. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements.

SEC registration is not an endorsement of the firm by the commission and does not mean that the advisor has attained a specific level of skill or ability. IAMS Wealth Management, LLC and its Advisors do not render tax, legal or accounting advice. Hubahib is also a licensed Insurance Agent and Mortgage Loan Originator NMLS ID 2284326 and compensated through commission on both services. Medicare Plan Service Disclosure:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

04/29/2026

🏠 Cheaper insurance premiums almost always mean something is being excluded, capped, or paid at depreciated value.

I spent a decade in the insurance industry before becoming a CFP®, and the pattern I saw across claims was the same: people shopped on premium and found out at claim time what the coverage gap actually was.

For home insurance, the biggest single item is actual cash value vs replacement cost on your dwelling and belongings.

A cheap policy often pays the depreciated value of older building components at claim time, which is when most people learn the difference.

For auto, the biggest gap is the state-minimum liability trap. One serious hospital bill or totaled newer car can easily exceed basic minimums, and anything above the limit comes out of your personal assets.

For life insurance, the pricing structure matters more than the year-one premium. An annually renewable term policy looks cheap on the quote but goes up every single year.

The way to compare quotes is to request the full declarations page from each carrier, not just the premium number.

04/28/2026

Disability insurance is the one policy most working people need and few have. Around 51 million working adults in the US have no coverage beyond Social Security.

The reason it gets skipped is that most people assume employer coverage is enough. It usually isn't.

Group policies almost always use the "any occupation" definition. You only collect if you can't do any job you're trained for. An individual "own-occupation" policy pays if you can't do the specific work you were trained to do, even if you could technically do something else.

That distinction matters most for specialists. A surgeon with nerve damage can still teach. Under own-occupation they collect. Under any-occupation they don't.

Social Security Disability is not a backstop. The average benefit is $1,630 a month. Only 30% of applications are approved. Initial decisions take 3 to 5 months and appeals take about 9.

Premiums are also priced off your health today. Around 40% of applications get denied, rated, or approved with exclusions. Waiting until you need it is usually when you can no longer qualify.

04/27/2026

đź“‹ Per stirpes and per capita are inheritance rules that only apply when a named beneficiary dies before you do. They sit on most beneficiary forms as a single checkbox most people select once and never revisit.

The most common place this comes up is wills that leave assets equally to children, where one child predeceases the parent. Per stirpes sends that share to the deceased child's children. Per capita sends it to the surviving siblings.

The bigger trap is in beneficiary designations. Retirement accounts, life insurance, and TOD/POD accounts override your will entirely, so the per stirpes or per capita selection on each account form is what actually controls.

These forms are usually filled out years apart with different defaults, which means the same family can have one account set to per stirpes and another to per capita without anyone realizing it.

State intestacy law (when there is no will at all) typically defaults to per stirpes, but custom estate plans and beneficiary forms do not always carry that default through.

Either choice can be right, depending on whether you want to provide for grandchildren whose parent died, or concentrate the inheritance among living named beneficiaries.

You don’t need to predict the market to start investing. What you likely need is a simple, steady strategy that fits you...
04/27/2026

You don’t need to predict the market to start investing. What you likely need is a simple, steady strategy that fits your goals and your comfort level. With a clear plan, you can help avoid emotional decisions, stay focused, and build confidence as you grow.
If you’re ready to take your first step, I’m here to help you build a strategy that makes sense for you.

04/11/2026

đź“‹ The standard 401(k) contribution limit for 2026 is $24,500, with an additional $8,000 catch-up for those 50 and older and $11,250 for ages 60 to 63.

The super catch-up for ages 60 to 63 was created by SECURE 2.0, and it does not automatically apply. Your employer's plan must adopt it.

Starting in 2026, workers who earned over $150,000 in F**A wages the prior year must make catch-up contributions on a Roth (after-tax) basis.

Claiming Social Security at 62 reduces your benefit by up to 30% compared to full retirement age. Waiting until 70 increases it by 24% to 32% above FRA.

The break-even age between claiming early and claiming late typically falls between 78 and 82, depending on your benefit amount and assumptions about inflation.

Medicare Part B's late enrollment penalty adds 10% to your monthly premium for each full year you could have enrolled but did not. The penalty is permanent.

Two of these nine milestones require action: enrolling in Medicare at 65 and taking required minimum distributions at 73. Missing either one triggers penalties that compound over time.

The RMD penalty was reduced from 50% to 25% under SECURE 2.0. If corrected within two years, it drops further to 10%.

04/09/2026

Let's cut through the noise on Social Security timing. Claiming at 62 with a Full Retirement Age of 67 slashes your benefit by about 30%—for good. On the flip side, delaying past your FRA earns you an 8% annual credit until 70. That's a guaranteed increase, not market speculation.

The break-even point between starting at 62 and 70 is around age 80 for a single person. That's a simple math problem, but it ignores crucial factors like survivor benefits, how COLAs compound on a larger base, and tax implications.

For couples: the classic "higher earner delays" advice is solid when one spouse earned significantly more. If your earnings histories are similar, the math gets fuzzy. And forget the "claim early if you're sick" rule for married folks. The survivor gets the higher of the two benefits, so one person's health isn't the only card on the table.

A couple of operational notes from my SSA days: The earnings test before FRA withholds $1 for every $2 over $24,480 (2026 figure), but you get that money back later via a higher monthly check. And remember, up to 85% of your benefit can be taxed. Delaying your claim can create a window for smart Roth conversions before Required Minimum Distributions kick in.

04/03/2026

đź“Š A retiree who stops working at 62 and delays Social Security to 70 may need to withdraw 6-8% of their portfolio annually for the first eight years. Once Social Security begins, that rate can drop to 3-4%. By the 80s, real spending tends to decline further.

That pattern is not a flat line. The withdrawal rate is shaped like a drop-off, with the steepest part concentrated in the years before Social Security starts.

The standard 4% rule treats every year of a 30-year retirement as equal. In practice, the years between 62 and 70 carry disproportionate sequence-of-return risk. A 30% market decline at age 64 with a 7% withdrawal rate depletes the portfolio far faster than the same decline at age 75 with a 3% rate.

This is why delaying Social Security has a structural effect beyond just a higher monthly benefit. It shortens the danger zone. Every year of delay between 62 and 70 increases the benefit by roughly 6-8% and reduces the number of years the portfolio carries full weight.

One limitation: this pattern applies most directly to retirees whose income sources are a portfolio and Social Security. Retirees with a pension, rental income, or part-time work have a flatter withdrawal curve because guaranteed income begins before age 70.

Healthcare spending is the exception to declining costs after 80. Out-of-pocket medical and long-term care expenses can increase sharply in later years, partially offsetting the decline in travel, dining, and discretionary spending.

The bridge period between 62 and 70 is also the window where Roth conversions can be most tax-efficient, since income is lower before RMDs and Social Security stack on top of each other.

03/26/2026

đź“‹ Plan G covers the Part A deductible ($1,736 per benefit period), Part A and B coinsurance, skilled nursing facility coinsurance, Part B excess charges, and foreign travel emergency care. The only gap is the $283 annual Part B deductible.

Plan F covered that $283 too. It closed to anyone newly eligible for Medicare on or after January 1, 2020. People eligible before that date may still purchase it depending on state availability and underwriting.

Plan N is the main lower-cost alternative to G. It carries copays of up to $20 for some office visits and up to $50 for ER visits that do not result in admission. It does not cover Part B excess charges, which means a provider who does not accept Medicare assignment can charge you up to 15% more than the approved amount.

Plan D is similar to G but also leaves out Part B excess charges. Plan M covers only 50% of the Part A deductible and does not cover excess charges.

Plan B covers basic benefits plus the full Part A deductible. Plan A covers basic benefits only and does not cover the Part A deductible, excess charges, or foreign travel emergencies. That distinction between A and B is one of the most commonly missed.

Plans K and L use cost-sharing instead of full coverage. K has an $8,000 annual out-of-pocket cap in 2026. L has a $4,000 cap. After hitting the cap, both pay 100% for the rest of the calendar year.

No Medigap plan covers prescription drugs. You need a separate Part D plan for medications, and Medigap cannot be paired with Medicare Advantage.

A high-deductible version of Plan G is available in some states. You pay $2,950 in Medicare-covered costs before the plan pays anything, in exchange for a lower monthly premium.

03/25/2026

đź“Š J.P. Morgan's 2026 Guide to Retirement tracks real spending, savings, and longevity data across millions of Chase households. Six numbers from the report stood out.

The gap between planned and actual retirement age is three years. 69% of workers expect to retire at 65 or later. Only 39% of actual retirees did. The top reason for early exit is health problems or disability, not choice.

A 50-year-old earning $70,000 with nothing saved would need to set aside 39% of gross income every year until 65. At $150,000 in household income with $0 saved, J.P. Morgan's model puts it at 42%.

For a 65-year-old couple in average health, the probability of at least one spouse surviving to age 90 is 73%. For non-smokers in excellent health, it is 90%. That is 25 to 30 years of retirement spending to fund.

The Social Security numbers are based on a maximum earner born in 1964. At 62, the monthly benefit is $2,944. At 70, it is $5,215. The break-even point between claiming at 62 and waiting until 70 is approximately age 81.

Original Medicare costs $7,524 per person per year at age 65 in 2026 dollars. That includes Part B premiums, Part D, Medigap Plan G, and out-of-pocket costs. Health care inflation has averaged 4.4% annually, which means those costs roughly double every 16 years.

The 401(k) loan figure assumes two $10,000 loans taken at different points in a career. The loans themselves were repaid, but the time out of the market cost $393,900 in lost compounding by age 65.

These figures assume a target date fund glide path and 2.5% inflation. Individual results vary by savings rate, portfolio allocation, and actual market returns.

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