Ryan Ainsworth - Northwestern Mutual

09/22/2022

Your money should be growing as fast as they do. Let’s draw out some Xs and Os and get started on your financial game plan.

06/14/2022

This is why our financial advisors plan for the good times and for when things aren’t going as well.

05/12/2021

WASHINGTON CLIENTS TAKE NOTE: Washington Cares Act. (Formerly known as the Long Term Care Trust Act)

What is it:
> Payroll tax applied to all W2 Income earned in the State of WA. (Salary, Commission, Bonus, Stock, etc.).
> Tax starts on Jan 1, 2022 and is payable for as long as you work in WA.
> 0.58% of income with no income cap.

What do you get for this Tax?:
> A state sponsored Long Term Care "Insurance Policy."
>$100/day State benefit for up to a year if you ever require Long Term Care Services in the State of WA. ($36,500 Total Value)


Why is this important for you to know now?
> Currently there is an option for you to Opt out of the tax should you already have a Long Term Care policy in place.
> If you do not have one in place, you will need to implement one before November of THIS YEAR.

NOTES:
> Private coverage can be significantly more valuable if you are able to qualify.
> If you have a Life Insurance Policy (outside of your employer's policy) look to see if it has a Long Term Care Rider. If it does, you may be exempt already and not know it.
> Underwriting on a private policy could take 2+ months so you will want to address this sooner than later.

This is a very broad overview of the tax. Please ask questions in the Comment section or Click the link to schedule time if you want to talk about your specific scenario.

Thanks,
Ryan

09/28/2020

Worth a quick read if you are close to retirement and being offered a Lump Sum option with your Pension. I'm looking at you, "Boeing-Lifers."

If you are taking early retirement and have a choice between monthly pension payments or one lump sum, compare benefits and risks before you decide.

09/26/2020

Markets tend to like certainty, and today there is more of it.

Markets can anchor expectations in the coming quarters after guidance from health officials and the Fed, which helped clear some fog hanging over economic forecasts. Here’s Northwestern Mutual’s market commentary for the week of Sept. 21, 2020.

09/25/2020

I'm curious, what spending habits have changed for you since Covid? For my family, our fuel consumption has been cut in half, and we use a lot more delivery services now. A lot of these services that we rarely used, are now a normal part of our life. Crazy how quickly routines can change.

(Source: https://www.hartfordfunds.com/market-perspectives/nanette-abuhoff-jacobson/charts-that-got-us-thinking-3Q20.html)

09/25/2020

Test your knowledge to see how much you know.

For college students and recent grads, becoming financially independent is one of the hallmarks of entering adulthood. So, are you ready for financial independence? Take this quiz to find out.

09/24/2020

We’re featuring Northwestern Mutual clients whose businesses have been affected by the coronavirus. You can support them by sharing their stories and helping them get the word out.

When the coronavirus hit, Enfusia owner Debra Myers and her team reconfigured their production facility to focus on making hand sanitizer. Here’s how they did it.

09/24/2020

This is an important consideration when planning for retirement. I don't know how many times I have been in meetings with folks getting ready to retire and they are completely unaware of future RMD's and how it impacts their financial plan. If you are getting close to retirement, or are currently in retirement, take a moment to learn about RMD's.

If you’re getting close to age 72, it’s time to start planning for required minimum distributions, or RMDs. Here are five things to know about RMDs that’ll help you avoid some common mistakes.  

09/24/2020

When you get to retirement you’ll want savings in more than just a 401(k).

Is your 401(k) enough for retirement? In many cases, it’s a good idea to have retirement savings beyond a 401(k). Doing so allows you to be more efficient when you generate income in retirement.