TSG Financial Blog

Posted by Debbie Gluzband on May 10th, 2016

On March 23, 2016, the Supreme Court heard oral arguments in Zubik v. Burwell, a group of cases in which religious nonprofits are challenging a government-designed workaround to the Affordable Care Act (ACA) requirement that employers cover birth control for their employees.

As a result of the oral arguments, the Supreme Court ordered the parties to file supplemental briefs for the Supreme Court to review. The Supreme Court’s order is in response to the religious organizations’ argument that the contraceptive coverage mandate violates the Religious Freedom Restoration Act (RFRA). The argument is based on the organizations’ position that the accommodations approach requires them to facilitate providing contraceptive coverage, which violates their beliefs.

The Supreme Court hopes to receive additional suggestions from the parties through the supplemental briefs. It will be interesting to see how this plays out.

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TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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Posted by Debbie Gluzband on May 9th, 2016

On April 21, the world lost yet another high-profile celebrity when 57-year-old iconic musician Prince Rogers Nelson died unexpectedly at his famous Paisley Park complex in suburban Minneapolis. 

Perhaps even more shocking than his sudden death is the apparent lack of a will. Tyka Nelson, Prince’s full sister, filed documents last Tuesday, April 26, in probate court, petitioning for the appointment of a special administrator over Prince’s estate. Nelson claimed no known existence of a will and listed herself and five living half-siblings as possible heirs and interested parties to the estate. Prince was unmarried at the time of death, with no living parents or known children.

Estate planning is necessary – and not just for celebrities. Creating a will is just one step in setting up an effective estate plan. Telling someone you have a will can help expedite transfer processes should you die unexpectedly. Setting up trust funds to gift your estate to family, friends or charities after your death can protect your assets from heftier tax burdens during the transfer. Personally designating someone to oversee your accounts and to manage your estate can help ensure the people you choose receive their benefits, instead of letting your next of kin, or even the state, decide for you.

Want more information? Call us today at (516) 747-3355 to learn how to sign up for newsletters from TSG Financial.

TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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Posted by Debbie Gluzband on May 4th, 2016

A study by researchers at Oregon State University found that the overwhelming majority of Americans do not live a healthy lifestyle. The study measured how people followed four healthy characteristics: moderate exercise, a good diet, not smoking and having a recommended body fat percentage.

The study found that 78 percent of adults did not smoke, 38 percent ate a good diet, 10 percent had a healthy body fat percentage, and 46 percent exercised regularly. However, less than 3 percent of adults achieved all four measures.

These measures are important because they reflect a lower risk for heart disease, cancer and Type 2 diabetes. This study indicates that Americans still have a way to go in adopting a healthy lifestyle.

TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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Posted by Debbie Gluzband on May 3rd, 2016

A tweak to the tax code could allow employers to pay back employees’ student debt. Two bills making their way through Congress (H.R. 1713 and H.R. 4363) could give companies tax incentives for helping employees repay their student loans.

Currently, if employees receive money from their employers to pay off student debt, it is considered taxable income. The bills aim to expand the tax code, allowing up to $5,250 per year to be treated as nontaxable income.

The average college graduate has $30,000 in debt. Since many young people prioritize paying off debt over saving for retirement, this could be a benefit that employers can use to attract talent. Although the bills are not expected to be passed during an election year, supporters are cautiously optimistic. 

Want more information? Call us today at (516) 747-3355 to learn how to sign up for newsletters from TSG Financial.

TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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Posted by Debbie Gluzband on May 2nd, 2016

Although employed individuals can no longer make contributions to their 2015 retirement savings, there is ample time to contribute to 2016 retirement savings. For the many self-employed individuals who don’t have a plan for retirement saving, this would be a good year to start catching up. Multiple options are available:

Simplified Employee Pension (SEP) IRA. The most popular choice for sole proprietors with no employees, the SEP IRA is easy to establish and administer and offers low, if any, annual account fees.

Solo 401(k). Individuals with substantial self-employment income and no employees often turn to a Solo 401(k).

Savings Incentive Match Plan for Employees (SIMPLE) IRA. Inexpensive to set up and maintain, the SIMPLE IRA can be a good choice for business owners with zero to 100 employees.

Want more information? Call us today at (516) 747-3355 to learn how to sign up for newsletters from TSG Financial.

TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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Posted by Debbie Gluzband on Apr 19th, 2016

The growing utilization of private exchanges could prove to be a game changer for health care. According to a recent Kaiser Family Foundation report, about 2.5 million people were enrolled through private exchanges in 2014, including about 1.7 million group plan enrollees, 700,000 individual Medicare enrollees and 100,000 individual enrollees.

The employers that are shifting employees to private exchanges tend to be in lower wage industries. Still, many of the exchange platforms surveyed anticipated significant growth in the future across industry lines. This trend could be related to continued employer cost control.

Want to receive the full Benefits Buzz monthly newsletter? Call us today at (516) 747-3355 to learn how to sign up for newsletters from TSG Financial.

TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.
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Posted by admin on Mar 23rd, 2016

Although lead-based paint and dust in older buildings are the most common sources of lead poisoning, drinking water is sometimes a source as well. This is mostly due to old, corroded pipes.

Since you can’t see, smell or taste lead in water, the only way to detect it is to have the water tested. If your home is served by public water systems, your local water authority should be able to provide this information. You can also use an at-home lead-testing kit.

If your tap water’s lead levels exceed 15 ppb, you can possibly reduce the threat of lead poisoning by running cold water for at least a minute before using or drinking it. Do not use hot tap water for drinking and cooking, since hot water draws lead from the corroded pipes. Instead, use cold tap water and heat it on the stove. Want more wellness tips on this topic? Call us today at (516) 747-3355 to learn how to join our mailing list and receive the full Live Well Work Well monthly newsletter.

TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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Posted by admin on Mar 22nd, 2016

The Family and Medical Leave Act (FMLA) clearly states that when an employer knows that a worker taking leave qualifies for FMLA, it must designate the worker’s absence as FMLA leave. Despite this requirement, some employers let employees choose whether to designate their leave as FMLA leave.

This approach could be seen by an employee, and a court, as the employer attempting to prevent employees from exercising their FMLA rights. Trying to make leave-designation decisions based on which employees understand FMLA procedures could expose your company to administrative and legal issues.

The easiest way to avoid an FMLA lawsuit is to always apply FMLA leave when an employee qualifies for it. Even if a worker chooses to use another type of leave, FMLA leave should run concurrently.

Want to receive the full Benefits Buzz monthly newsletter? Call us today at (516) 747-3355 to learn how to sign up for newsletters from TSG Financial.

 

TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

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Posted by admin on Mar 21st, 2016

There are several bright spots in today’s job market. Overall, the U.S. added 2.45 million jobs for 2015. According to a survey published last fall by Michigan State University, employers expect to hire 15 percent more college graduates in the 2015-2016 academic year.

Based on the survey and Bureau of Labor Statistics, the following fields will offer the greatest hiring opportunities: construction; education (pre-K through grade 12); financial and insurance services; aerospace, automotive, truck and defense-related industries; truck transportation; Internet services; accounting; and computer services.

Whether you have a student graduating soon or may be contemplating your own career move, we have some tips to make the most of today’s promising market. Want to learn more? Call us at (516) 747-3355 to find out how you can sign up for our free Weekly Commentary Investment Newsletter delivered directly to your inbox each week.

TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.

 

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