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Details about the Washington State Long Term Care Act (HB1087) for Building Industry Association of Washington
If you are a W-2 Employee in the State of Washington, you will have a new Payroll tax assessed on your Gross Wages on January 1st, 2022. This tax is intended to provide Long Term Care coverage at a rate of $100 a day for one year of coverage: Maximum $36,500.

There is a brief period where an “opt out” to this new tax is available. Should you consider that?

Attend this Workshop to determine whether you have other options.

May 18, 2021 02:00 PM in Pacific Time (US and Canada)

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Jim Lusk, CFP, CLU, ChFC, CLF, MEd
President/CEO @Washington Long Term Care, LLC
Since over a third of one’s life is spent during retirement, I believe that maximizing your retirement income through proper planning, by integrating: conservative investments, tax planning, best pension option choices, long term care planning and social security decisions are paramount to having a successful “defensive retirement strategy”.
Peggy A Lusk, CLTC, CPA (Retired), MS-ISM
Vice President/CFO @Washington Long Term Care, LLC
I believe that in order to live life in Abundance, it’s important to develop a skill set referred to as “Financial Intelligence”. No matter who you hire to provide Financial advice, you need to be the driver of your financial plan and have a solid understanding of the options and tradeoffs. Following the crowd is not the answer; most of them are going in the wrong direction. The decisions you make now will help to determine how you will live in Retirement.