Business Blast Day at WCAR

Business Blast Day at WCAR

WCAR hosted a Business Blast session with local experts from the Medicare, Insurance, Investment and Tax world. WCAR members had the opportunity to ask questions of the panelist regarding issues they encounter as independent contractors and agents.
Proper tax preparation, issues with IRS re-flags and the three year statute of limitations on IRS audits were big discussion items. An interesting conversation on American Ingenuity and where we all may be going to get our health care coverage if the costs here in the U.S. continue to rise, was very enlightening and made members begin to think about their future savings and investments.
Final nuggets of wisdom from the panelists included: 1. Making sure that you have some kind of plan and investment portfolio in place; 2. Everyone needs long-term disability insurance, though few have it; 3. Start the conversation about your Medicaid and Medicare needs before you reach age 65; and 4. Don’t take risks on filing your taxes; always be conservative.

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