Much-Ado-About-March-At-Wine--Women---Wealth

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What kind of car would you be?

I went to a great event with NAWBO San Diego last week where Felena Hanson, the owner of Hera Hub spoke.  One of the items she brought up was, what car would you be when you think of your business. Its a very good question.  A lot of the women in the room had a hard time with it, its also hard to distinguish between you and your business. Sometimes its the same car but sometimes its not.  I chose my car, The Chevrolet Camaro, because its reliable and safe and dependable.  Its considered a flashy sports car to some but to ins co its a coupe and not considered a sports car.  I am a lil sporty sometimes. What car would you/your business be?

Then On Friday last week at the Hera Hub Members only lunch, Felena asked us if we could be a vegetable which vegetable would you/your business be?  I chose the carrot, it helps ppl with eye site and I thought of my business. I guide ppl thru the chaotic choice between Cobra or getting an ind health insurance plan on their own.  I enable them to see their options more clearly. I also guide ppl in their choice of financial vehicles for retirement savings or college savings for their kids.  I help them to see their options for either more clearly. What veggie would you be?

Affordable Care Act Taxes effective January 1, 2014

Affordable Care Act Taxes effective January 1, 2014 

The Affordable Care Act (ACA) requires that taxes be collected in order to fund certain provisions of health reform. Beginning January 1, 2014, there are two new taxes that will go into effect. We are providing a summary of those taxes below, as well as a convenient fact sheet you can download for your reference and to share with your clients. Purpose of these ACA Taxes Health insurer tax – to help fund premium subsidies for certain individuals and families purchasing coverage through health insurance exchanges. Transitional reinsurance tax – to help stabilize premiums and the cost of high-risk individuals entering the individual market in each state's health insurance exchange.

April Will Bring Showers Of Money 101

Be my guest next mo to Money 101, its a great educational event we put on for free ea mo.!  http://myemail.constantcontact.com/April-Will-Bring-Showers-Of-Money---101-.html?soid=1103559743440&aid=L36LYRz_L70

Anthem CA Healthcare Reform meeting this morning

Wow!  I was in a healthcare reform meeting this morning and its crazy, there are changes happening daily and new information coming out all the time. Its mind boggling even for someone who is doing this 24 hours a day 7 days a week.  I don't know if you saw my tweets yesterday but the new application for health insurance beginning 1/1 is 21 pages long!  Ridiculous, how can it be 21 pages long when there is no underwriting?  All plans come 1/1 will be guaranteed issue.  Hilarious.  The apps now are not even 21 pages long with underwriting.  I was noticing all the other agents in the room and their reactions to various topics, of course a big one was our commissions.  Apparently we are still going to get commissions but what they will be is a question still.  They were reduced significantly back on 3/23/10 when the bill was signed and apparently its coming again when open enrollment begins in 10/13 for the PPACA.  The open enrollment period for folks will be from October of this year to 3//31/2014.  We expect open enrollment to be delayed already due to the short time frame all the carriers and the Feds have to get everything set up and approved but we shall see.  For all of my colleagues out there who would like to supplement  your income in our business with life and annuity sales helping ppl with retirement planning and college savings for their kids and grandkids, I would be happy to talk to you about joining me on my team at Five Rings Financial.  Our Next Money 101 free seminar is on April 10 in San Marcos, CA.  Have a great day all!

PPACA FAQ

What are the penalties if employers do not offer coverage in 2014?
If no coverage is offered to full-time employees AND any full-time employee receives premium assistance from the federal government, the employer penalty is:

$2,000 annually for each full-time employee minus 30

If coverage is offered to full-time employees BUT any full-time employee receives premium assistance from the federal government, the employer penalty is the lesser of:

$3,000 for each employee receiving premium assistance OR
$2,000 per employee for each full-time employee minus 30

If an employer does not currently offer dependent coverage, no penalty is due for the plan year beginning in 2014 if the employer takes steps to offer dependent coverage during the 2014 plan year.

PPACA FAQ

What tax penalties apply to individuals who do not maintain minimum essential coverage beginning January 1, 2014?

The penalties increase over time:

• 2014 – Greater of $285 ($95 per adult and $47.50 per child) or $410 (1% of income over tax-filing threshold)
• 2015 – Greater of $975 ($325 per adult and $162.50 per child) or $820 (2% of income over tax-filing threshold)
• 2016 – Greater of $2,085 ($695 per adult and $347.50 per child) or $1,025 (2.5% of income over tax-filing threshold)

My journey so far....

This year is the 21st year for me in the Financial Services industry. I cannot believe its been that long.  I dont feel like I am old enough to have been in this business that long. I started at John Hancock as an intern while I was a college student at SDSU.  After graduating and becoming a Registered Rep I was the only female agent in the office at that time, boy has this industry come a long way.  Now I am a Financial Rep with Five Rings Financial and over 50% of our Reps are females, its awesome!  I love working with Five Rings because of the free events we host ea mo.  They are so fun and we get to meet a lof of amazing people.

I was born Laurie A DeMello in West Covina CA.  I just found out this info about me in the last 10 years, its mind boggling.  Apparently my birth father is a CPA somewhere in So Cal. I would love to meet him since he's a die hard hockey fan and so am I.  His last name is Graham.  My birth mother has a huge family and they are in HI somewhere, I was married in HI 10 years ago. It has always had a special place in my heart.  I have always felt like I belonged there.  Ever since I was child, a few times my Japanese mother and I were in public, I would be asked if I was from HI.  My response was always, "No, but I wish I was", well here you go, my wish has come true.  Growing up near Malibu and Zuma beaches in So Cal, I was always wearing surfer clothes.  I am now on a new mission to find those family members out there, it has been an interesting ride and I look forward to the future.  My birth mother's family is part Portuguese, from the Island of Macau.  That explains too why my whole life people have thought I have had some sort of Latina background.

You are cordially invited to be my guest to Wine Women & Wealth this mo

Happy Daylight Savings!  Turn The Clock Ahead To Wine Women Wealth

Complex PPACA tax could benefit life insurance industry | LifeHealthPro

Complex PPACA tax could benefit life insurance industry | LifeHealthPro

March Money 101 Starts TONIGHT!!!

March Money 101 Starts TONIGHT!!!  Be my guest!  :-)