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Leslie Lipscomb

Senior Vice President at Financial Independence Group

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Highlights

Aug 30 · linkedin

When should clients turn on the income from an annuity to mitigate tax consequences? What's another way to fund long-term care (LTC) that isn't self-funding or an LTC policy?

These are two seemingly unrelated questions that can actually be addressed with one solution, and this video does a great job explaining the details.

Message me today if you'd like to learn more about leveraging annuity income to help fund LTC solutions for your clients.

Aug 29 · linkedin

Inflation slowed a bit in July, so the nonpartisan Senior Citizens League is now estimating a 2.57% Social Security COLA for 2025. That's a notch below the 2.63% COLA this group had predicted just a month earlier.

It's important for financial professionals to remind their clients that when they see these estimates in the news, they are just that: estimates. Nothing is set in stone, and several more months of inflation data can factor into that number.

This decreasing estimate isn't all pessimistic for seniors, and the article outlines potential positive influences it could have. If you want to work with a Social Security expert to give your clients more targeted advice, message me today.

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Leslie Lipscomb
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Location

Cornelius, North Carolina, United States