Long-Term Care: A Woman’s Issue
September 14, 2010 | 
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Women are significantly more likely to need long-term care and yet few are prepared, according to a new consumer guide published by the American Association for Long-Term Care Insurance. Women have 10 times the chance as men of reaching age 85 and make up almost three-fourths of nursing home residents.
Long-term care is clearly a woman’s issue. Women provide the majority of care for their spouses or other aging family members, and because they live longer than men are far more likely to need long-term care themselves.
Planning for long-term care is especially important for women who are married, living with partners or residing alone. Long-term care insurance is one affordable planning option available but it is essential to consider this when you can still health qualify and benefit from available discounts. Some 8.25 million Americans already own this coverage, according to the long-term care industry statistics.
A free copy of this new consumer guide for women “A Woman’s Guide to Long-Term Care Insurance Protection” can be obtained from Glass Jacobson Investment Advisors by calling or emailing Christine Schmitz, LTCP at Christine.schmitz@glassjacobsonia.com
GJ Announces DC Expansion and Gov’t Expertise
September 13, 2010 | Subscribe to our RSS Feed
FOR IMMEDIATE RELEASE
Glass Jacobson Expands to Reach Stimulus-Impacted Clients
Merger with Rockville Firm Adds Wealth Management to Local Tax and Accounting Practice
ROCKVILLE, Md. – September 7, 2010 – CPA and wealth management firm Glass Jacobson today announced its merger with Rockville, Md.-based accountant Douglas C. White and his team. The timely merger extends Glass Jacobson’s sophisticated accounting, tax and investment services to Washington, DC metro area clients impacted by federal stimulus spending. The merger is effective immediately.
“Many government contractors who received stimulus dollars are frustrated by the lack of personal service bigger firms provide,” Glass Jacobson President Ed Jacobson said. “Glass Jacobson’s holistic approach to client management will help these business owners deal with the personal and business issues resulting from stimulus generated opportunities.”
According to the latest statistics, federal dollars earmarked for goods and services in Maryland rose year-over-year by nearly $9 billion. The Census Bureau reported on Tuesday that the U.S. government spent more than $34 billion in stimulus dollars with Maryland contractors last fiscal year, a 35 percent increase in procurement.
“The stimulus dollars have had an impact on our client base. Contracting for the government complicates accounting compliance,” Mr. White said. “Glass Jacobson’s approach to full-service wealth management and accounting services gives us more ways to help them.”
Mr. White brings to Glass Jacobson extensive knowledge of the service, consulting, lobbying and high-tech industries, real estate management , development and construction firms, and political organizations. He has a life and health insurance license, is a Certified Valuation Analyst (CVA) and has been designated as an expert witness in Montgomery County, Md. for domestic relations and business valuation cases. Mr. White also currently serves as the President of Integra International, an affiliation of over 100 independent member firms worldwide, enabling Glass Jacobson to leverage a global perspective.
Steve Cho, CPA and Hugh Vivian will also join Glass Jacobson as a part of Mr. White’s team.
Questions?
sarah.sedlak@glassjacobson.com
About Glass Jacobson
Founded in Baltimore in 1962 as a traditional CPA firm, Glass Jacobson has evolved into a wealth management firm to better serve its clients’ diverse, ever-growing financial needs. Today, the firm’s unique Wealth Management Model brings together the essential services of Investment Management, Advanced Planning and Relationship Management, and delivers them with unparalleled expertise and professionalism. Serving as a personal CFO, Glass Jacobson looks beyond the numbers to get to the core of every client’s financial situation. The firm delivers a full team of in-house CPAs, investment advisors, financial planners and insurance specialists to every client. To learn more about Glass Jacobson, please see www.glassjacobson.com.
CONTACT
Jeffrey Bukowski
443-655-3774
jdbukowski@bukowskipr.com
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Affordable Protection
September 10, 2010 | Subscribe to our RSS Feed
Consumers Unaware of Ways to Save on Long-Term Care Insurance Protection
We’ve all heard the statistics that one out of every two people will need some type of long term care during their lifetime. Given the odds, why do people put off purchasing protection for this risk? Many do not like talking about the subject. Others believe long term care insurance is too expensive. Often individuals are unaware of the many discounts that now exist which can reduce the cost for long-term care insurance protection.
- First, your health plays an important part in determining what you will pay for long-term care insurance. Leading insurers offer preferred health discounts. These preferred health discounts can reduce the cost by 10 – 20 percent per year and cannot be taken away once you purchase this coverage. A recent study by the American Association for Long-Term Care Insurance revealed that 54 percent of applicants between the ages of 40 and 49 qualified for this discount. Less than a third of applicants who wait until they are 60 will qualify for this savings.
- Secondly, discounts offered to married couples today generally range from 15 – 40 percent each year when more than one spouse buys coverage at the same time. A partial couples’ discount may even be offered if only one partner is covered.
- Another way to reduce the cost of long-term care insurance is to add a deductible period to the policy. Most people are familiar with the concept of deductibles on their car or homeowner’s insurance. Adding a deductible, called the elimination period, can reduce the yearly cost by 20 percent.
If you don’t have long term care insurance protection or haven’t had your policy evaluated lately, it is essential that you speak with a long term care insurance professional. Contact Christine Schmitz at Glass Jacobson Investment Advisors to discuss today. Christine.schmitz@glassjacobsonia.com
Hello? Is anyone out there?
September 7, 2010 | Subscribe to our RSS Feed
What are you doing to drive new patients to your dental practice? Are you doing anything to make existing patients aware of new procedures you might be providing? Is your dental practice well-known in the community? If you answered “No” to the above questions you probably should take a hard look at incorporating social media into your marketing strategy.
Social media is word-of-mouth on a much larger scale than the normal one on one conversation that you may be used to. While you may think of Facebook and Twitter when you hear the term social media it goes beyond those two sites. Believe it or not those sites are not just the province of young people. Many adults are now active participants on Facebook. It has been reported that the fastest growing demographic on Facebook is adults over 35 years old.
I do not profess to be an expert on social media. In fact I am just the opposite as I fall into that over 35 group that is now just becoming active in social media. I see the awesome potential that social media can bring to the marketing strategy for your dental practice. But don’t just jump into the water without having a plan. Read everything you can and take a course to make sure you create a brand for your dental practice that is consistent with how you want to be perceived by the community.
Do you have a website? Was the website professionally designed to help draw potential patients to your practice or was it something thrown together because it was the “thing” to do? If it was just done because you heard you needed a website then you were probably throwing money out the door: Money, which probably could have been put to better use.
Once you have established your social media sites you will need to keep them active. While this will take some time with proper planning it will not be as time consuming as you may think.
Take the time and gather the knowledge to properly position your dental practice in the new world of social media. I think you will find that it can be an important tool to help market your dental practice to both existing patients and new patients in your community.
Questions for Larry the Accountodonist?
larry.goldberg@glassjacobson.com
IRS Requires Electronic Tax Deposits
September 7, 2010 | Subscribe to our RSS Feed
IRS will eliminate use of federal tax deposit coupons after 2010.
Thus, firms will have to wire deposits of all taxes to IRS…payroll taxes, corporate income taxes and estimates, excise taxes and the like. Currently, employers can use paper coupons if their annual deposits don’t exceed $200,000.
Only very small firms will be exempted from depositing electronically… employers with $2,500 or less in quarterly employment taxes that pay their liability when filing their returns. All other coupon users must switch to making deposits by wire using Treasury’s Electronic Federal Tax Payment System. For information on enrolling for electronic deposits, go to www.eftps.gov or call 800-555-4477.
Questions?
or
bart.scheffel@glassjacobson.com