Will I Be Subject To The Net Investment Income Tax On My CD Income?

sams1985
  |     |   607 posts since 2022

Just starting to dabble with 2023 taxes and just learned about the NIIT. Married filing jointly with an income of 250k+. Does this mean every cent of interest i earned on CD's last year will be subject to the 3.8% NIIT on top of the Federal + state taxes?



Answers
P_D
  |     |   366 posts since 2020
Bottom line is that the best strategy for avoiding taxes like this NIIT Obama tax is to vote for Republicans.

It never ceases to amaze me how people on the left keep voting for Democrats and then are shocked when their cities are overrun with crime, filth and illegal aliens, their taxes go through the roof, and their standard of living goes down the toilet.

And then who do they vote for the next time? MORE DEMOCRATS!

There aught to be a stupid tax so at least the people who are responsible are the ones who pay the lions share of the cost.
sams1985
  |     |   607 posts since 2022
Right, because the fentanyl and meth infused backwater towns in total Republican states like WV, Arkansas, Kentucky etc. are real beacons of civilization. Or is sexual abuse, drugs and domestic violence not considered "crimes" ? 

America def has its fair share of problems but putting the blame entirely on democrats and illegals is when you lose credibility.
P_D
  |     |   366 posts since 2020
Right, because the fentanyl and meth infused backwater towns in total Republican states like WV, Arkansas, Kentucky etc. are real beacons of civilization. Or is sexual abuse, drugs and domestic violence not considered "crimes" ? 

Where is that fentanyl, sex and human trafficking coming from again?

OH! ... That's right! ... The Democrat's OPEN BORDER!
w00d00w
  |     |   228 posts since 2012
this is one of the knock-off effects of higher interest rates. if CDs or other fully-taxable fixed income investments are held in a taxable account, the higher earned interest can increase tax drag by pushing the taxpayer across higher tax rate thresholds.
P_D
  |     |   366 posts since 2020
You could move to the British Virgin Islands. No income tax.

Have to admit I do get a belly laugh hearing Democrats complain about taxes though.

"This is one of the knock-off effects of higher interest rates."

I think it's more an effect of the B. Hussein Obama administration that championed the tax. Democrats never saw a tax they didn't love... Until they have to pay it that is.

If there's a Democrat in the White House next year your taxes are going to go up in 2026 anyway because the tax cuts every taxpayer has been enjoying that President Trump put in place will expire in 2025. Given the Democrats propensity to summarily reverse everything President Trump accomplished to the detriment of America I'd say the chances that they will renew your tax cuts are about the same as the chances that the Pope will convert to Islam.
milty
  |     |   235 posts since 2018
If only the Republicans could come up with a better candidate who was truly a president of the working class (W-2 incomes) instead of looking to give the lion-share to the uber wealthy, and was for universal health care and the scientific method. Well, that's a start. Put one of those on the ballot and I'll strongly consider it.
P_D
  |     |   366 posts since 2020
President Trump lowered the following tax brackets which reduced income tax for 100% of the working class who pay income tax.

33% bracket dropped to 32%, the 28% bracket to 24%, the 25% bracket to 22%, and the 15% bracket to 12%

The Democrats fought the reductions tooth and nail falsely droning their usual lie that it was only giving tax cuts to the rich.

"The (Republican controlled) Senate passed the bill on Dec. 2, 2017, by a party-line vote of 51 to 49. The House successfully passed the bill later that month by a vote of 224 to 201. No House Democrats supported the bill."

The Net Investment Income Tax that this post is about was Obama's contribution.
milty
  |     |   235 posts since 2018
As I said, the lion's share of TCJA went to the wealthiest, which is not a look Democrats want. Also that act didn't cut the lowest bracket, why not? And why didn't the Republicans index NIIT and the SS tax for inflation? From what I've read people want a better choice for 2024.
P_D
  |     |   366 posts since 2020
As you can see the Democrats are STILL angry about the tax cut you got under President Trump and will use any kind of tortured logic to take it away from you. They are salivating at the prospect of raising your taxes again.  That pretty much tells you what they plan to do when those cuts expire if they are in power in 2025. Unless you want to pay higher income taxes, you know how to vote.
milty
  |     |   235 posts since 2018
I must admit I'm torn between the truth and a tax cut.
JeffinEasternFL
  |     |   750 posts since 2020
you'll NEVER get truth outa D.C so I'll take a tax cut!
deplorable_1
  |     |   1,240 posts since 2020
I know P_D you tell these guys the FACTS with percentages over and over with proof and they still are in denial. The tax cuts were good and I'm in the lowest bracket and the increased standard deduction helped the poor the most on a percentage basis. The problem is that "earned income" gets hit the hardest. All those government handout programs don't come cheap. Dual "earned income" households get slammed with tax the second earner is lucky to keep half what they make.
Ally6770
  |     |   3,659 posts since 2010
P_D those tax cuts expire next year for the working man but not those that live with investment income.
P_D
  |     |   366 posts since 2020
So surely then the Democrats will vote overwhelmingly to make permanent the Trump tax cuts for the working man instead of unanimously voting against it like they did the last time around. I'm looking forward to that.
rockies
  |     |   291 posts since 2018
If you think the NIIT surprise is fun, those age 63 and over get to experience the IRMAA surprise layered on top of NIIT. And, this one has the added feature that you do not know the IRMAA tax brackets until two years after you earn the income....which makes planning a challenge. If readers here are getting close to age 63 (or already older), I highly recommend this IRMAA article from Harry Sit (aka Finance Buff). It is regularly updated.
https://thefinancebuff.com/medicare-irmaa-income-brackets.html
IGR
  |     |   431 posts since 2020
I got myself to the point when NIIT and IRMAA are neither surprise nor fun...and that is the status.
I urgently need to get through to next stage of identifying possible solutions.
Every Tax Advisor/Preparer/Accountant I dealt with was a waste.
All of them want to "help" me menially do manual data entry I could do myself.
None of the can or willing to see the amount of Taxes I would pay as a problem.
None of them attempted to offer or even suggested any solution or approach toward.
I actually recently posted my concern about MAGI and IRMAA.
I heard nothing but silence, as if I am conspiring to break the law.
txFish1
  |     |   298 posts since 2023
Good Accountants are hard to find. I interviewed this lady 25 years ago to do my small business taxes and kept her when I retired last year. She always goes over tax code changes, estimated taxes and especially anything that will affect me in the near future. Yes like you I could enter data myself but many of the things she takes care of I do not want to spend that much time and effort on something I might miss or get wrong. Everyone's situation is different but like I said my CPA is money well spent for me.
P_D
  |     |   366 posts since 2020
IRMAA is a moral travesty in my opinion. It's a senior citizen's health tax. It's even worse than the tax on Social Security although both are an outrage and should be repealed. The fact that they are not, year after year is proof positive to me that government is corrupt. No morally honest government official would support either of these taxes.

Having said that, IRMAA itself is a relatively small problem for high income earners on the scale of tax problems. The most you would have to pay for IRMAA if you earn over $500k as a single person is a little over $5k a year. Yes it's an outrage, but not worth the full focus of your time when there are other taxes you are paying that are far more significant.

I've seen some wealthy people get all upset about IRMAA because they don't understand the scope of it while meanwhile ignoring tens or hundreds of thousands of dollars in other taxes they are paying that are completely corrupt.

The entire US tax system is hopelessly corrupt and any moral government would scrap it and start over. When the average citizen has to hire someone just to figure out how much they owe, it's all the proof you need that the system is oppressive and unconstitutional.
Mak
  |     |   264 posts since 2011
It all depends, if your wages were $225,000 and you had CD interest of $50,000, you'd owe the tax on $25,000 so in that case you wouldn't owe on all of the CD interest.....if you had $250,000 in wages and $50,000 CD interest  in that case you would pay the tax on the $50,000 plus federal and state
Not sure if it goes off your modified adjusted gross or your adjusted gross which would make a big difference.... all that being said I have an accountant.....;)
txFish1
  |     |   298 posts since 2023
It goes off of your Modified Adjusted Gross Income. I also have an accountant and well worth the small sum I pay her each year
IGR
  |     |   431 posts since 2020
MAGI,
So, how to deal with it, other then to have an accountant.
Divorce, Separate?
Become adoptee Widow? Declare yourself NRA, or Alaska Native?
Mak
  |     |   264 posts since 2011
He can also quit working, take a lower paying job or better yet put CDs in an IRA account if possible..;)
IGR
  |     |   431 posts since 2020
Or she... can Donate, Decease, Displace... IRA is tricky with incomes, contribution and 401K limitations. Taxes like Medicine more an Art than the Science.
There must be some creative solution short of Evasion.
NYCDoug
  |     |   287 posts since 2011
[Corrected my Math typo — Thanks Ally!]
[Should have been $300k, not $100k]

Creative solution: As your CDs mature, convert them to in-state Munis, or Muni Bond funds. Doing so, to Munis with similar tax-equivalent yields as your CDs, it is possible to lower the interest that your MAGI counts by a third.

Of course the exact benefits depend upon your tax brackets — both federal and state. And upon the Munis you are able to round up. But, as a rough example, in round figures (to make this concrete, so you get the general idea): $300k in a 5% CD yields $15k in a year; in a 3.3% Muni you'd receive only $10k per year. A decrease of $5k (one third) in interest seen by your MAGI for tis invested sum of $300k. (And you get to keep the same $10k, tax-free.)

Lots of assumptions here; your mileage will certainly vary, but you can extrapolate on the basic principle.

And to reduce your income even more, don't wait for your CDs to mature. Break them early, and you can use the EWP to reduce your AGI/MAGI.
Ally6770
  |     |   3,659 posts since 2010
$100k in a 5% CD yields $15k in a year????? in a 3.3% Muni you'd receive only $10k per year???? A decrease of $5k (one third) in MAGI???????
IGR
  |     |   431 posts since 2020
I like the way of thinking, typos notwithstanding.
Bond may protect you, depending how it held, against additional Tax as NIIT, but provide no escape comes IRMAA.
What I don't like is when the term as precise as "equivalent" is used in conjunctions with "assumptions".
when such "basic principle" is extrapolated it can eventually bring the mileage to the level of no Additional Tax or Taxes at all.
EWP could be a double whammy, not only it reduces the Income, depending on State's Tax Code some may end up paying more State Tax than Federal.
I am way-way off my comfort level for speaking on the subject
P_D
  |     |   366 posts since 2020
There's an effective strategy to deal with this, but the downside is you can only use it once.

If you die early in the year your MAGI in your final year will likely be lowered significantly.
IGR
  |     |   431 posts since 2020
If you die early in the year, next year I'll file 1040 ONLY if there is a refund due
milty
  |     |   235 posts since 2018
Interesting, they give child tax credits to households with income around $400K but want households making $250K to pay an extra 3.8% on interest income, which does not enjoy the better tax treatments given to capital gains and dividends. Yes, IRMAA and NIIT does indeed make retirement a challenge. Do they ever index those NIIT thresholds (looking back a few years doesn't look like it)?
rockies
  |     |   291 posts since 2018
No. Here is the answer straight from the IRS.
"Taxpayers should be aware that these threshold amounts are not indexed for inflation."
This quote can be found in the answer to Question 3 on this link
https://www.irs.gov/newsroom/questions-and-answers-on-the-net-investment-income-tax
milty
  |     |   235 posts since 2018
Figures. Just like the thresholds on taxing social security income.
deplorable_1
  |     |   1,240 posts since 2020
Wait are you complaining about "paying your fair share" of taxes? Unbelievable you guys all vote for tax and spend Democrats, complain about tax cuts and then complain about high taxes. Try focusing on tax exempt, tax advantaged and tax free income. It's not how much money you make but how much you get to keep that matters.
sams1985
  |     |   607 posts since 2022
Who’s complaining ? I’m going to pay the tax and move on with my life…it was just unexpected. I’m not a convicted tax dodging cheat like our former president.
IGR
  |     |   431 posts since 2020
i don't think it was directed to you.
i certainly think that you shouldn't be doing explanations.
i think you should be complaining...about receiving 0.5 answer in total, before your post was typically hijacked into political meandering and grunts about taxes and healthcare interwind with personal stories
IGR
  |     |   431 posts since 2020
"You could move to the British Virgin Islands. No income tax."
You can move to any part of British Empire, income Tax will follow.
You'd have to leave behind the US Passport along with worries about FDIC and NCUA, Interest and Tax Rates and all other staff that makes great again.

"every taxpayer has been enjoying that President Trump put in place"."100% of the working class" Americans owe 100% of their lives to US Presidents, to all 45 of them.
More Taxes - President (NAME)
Less Taxes - President (NAME)
War against United Kingdom - President (NAME)
War along United Kingdom - President (NAME)

anyway, before the subject is totally highjacked
"Good Accountants are hard to find" - I strongly disagree. Even less problem finding "good" CPA for Tax Preparation. They all been replaced with very "good" Accounting software.
What is hard to find indeed is "good" Economists and Advisors.
IRS and CPA guidelines make it very difficult for licensed professional to walk fine line between Advice and Aversion, thus encouraging bias on the side of paying more rather then less.

"my CPA is money well spent for me." - because she feeds you with information or because she volunteers solution?
Every CPA I came across treated me as if I am suicidal every time I ask if there is alternative interpretation of Tax Code
And when there is a situation too complex for Intuit, I had to ditch Accountant and deal directly with IRS.

There... when it comes now to MAGI, NIIT and IRMAA I need some ideas, some sense of direction.
From there I could manage professionals to design the solution, the solution which I could execute myself.
Since I am not "100% of the working class", I cannot count on President (NAME) to deliver it for me.

Where the subject feels to be too personal, PMs may come to rescue.
111
  |     |   458 posts since 2019
"Every CPA I came across treated me as if I am suicidal every time I ask if there is alternative interpretation of Tax Code"

Of course they do. Because you probably come across to them as one of those "Sovereign Citizen" guys -
(gee I miss Better Call Saul!) - https://www.youtube.com/watch?v=JBbIEFpgAIk
IGR
  |     |   431 posts since 2020
Is that a compliment?
Or, you would rather talk about McGill than McTax?
111
  |     |   458 posts since 2019
Not exactly a compliment, more a comment. Your post - well, that particular line in it - just struck me as unusual (and it did remind me of that scene in one of my favorite TV shows) - because after all, CPAs and the like are there to essentially toe the line re. the tax code, etc. If you really want to go out-of-the-box, push the envelope, etc., perhaps you're better off doing, well, exactly as you seem to be doing - going it alone.
IGR
  |     |   431 posts since 2020
It is all settled then.
you red me well, I am pushing the envelope.
I am here to up my IQ, because of intolerance of ignorance and despisement of mediocracy.
I could post on YT my interactions with "Advisors", it is more hilarious than Better Call Saul.
The recent one(I won't disclose the Institution) could go for Grammy.
As Private/Premier Client I was called names for steering the meeting away from Sales into Synoptic of "Equivalent".
111
  |     |   458 posts since 2019
IGR - Let me add something to what I said earlier.

It sounds as if you've had bad experiences with financial advisors. At an earlier period in my life I did as well. As a result I fired the SOB. That outcome worked out well for me and mine, but I absolutely can't claim that it would have worked out well for everyone. (It probably worked out fairly well for my former advisor, though - he never seemed overly displeased about having lost me as a client! So at least we agreed on that.)

These days I'm my own financial advisor. This is partly because I actually don't mind spending some time looking at investments nor boning up on tax changes, etc., strange as it may seem. Not everyone does. Also, not everyone has the same level of risk tolerance or diversification needs, and I feel I best know our own.

In my opinion only - if you've had bad experiences with 1 or 2 advisors and you still are looking for help - then you might want to try others. But if you've tried out a number of them and still not been satisfied - then you may want to forge your own path forward.

Good luck! (Because, a surprisingly large part of it is luck, after all!)
IGR
  |     |   431 posts since 2020
I'd rather stay on the subject of NIIT and IRMAA, but when someone interprets for me, I need not to be distracted about speaking on hearing.
I never said I had "bad experiences", but if someone insisted on discussing semantics...
then semantically "bad experiences" is no such thing when experience regarded as learning.
and if learning is a "bad experience", then I am stranger here.
It were the financial "advisors" had "bad experiences" because I learn hard how not to put myself in a position to allow "advisors' to cause to me "bad experiences".
It isn't luck, it's hard and tedious labor.
It isn't them who SOB, It is someone who is dumb enough to be taken advantage of.
txFish1
  |     |   298 posts since 2023
Sorry you have had such poor luck with Accountants or Tax Advisors/Preparers. My CPA always offers solutions to questions/issues I have and has even gone as far as bringing things to my attention that may be coming up when I take Social Security or Medicare in a few years and that is why I have kept her for many many years. Always mentions muni bonds and other ways to bring down MAGI. Like I said earlier money well spent for me but everyone is different
P_D
  |     |   366 posts since 2020
This is not meant to characterize you, because there certainly are exceptions, but I have found in general that the less people know about finance and taxes, the more they like their accountants. I know some terrible CPAs whose clients love them because they don't know enough to know what a lousy job they are doing.

The real problem is that you shouldn't need an accountant to figure out how much tax you owe in the first place. It's a corrupt system.

Also, an accountant has dozens or more clients. There is no way they have the time to focus enough on each client to maximize their financial benefit. This is especially true of higher net worth clients who have more complicated financial profiles.

I love my CPA, he's a great guy and very knowledgeable. But I am fully aware that everything he does has to be carefully checked and often find things that could be done better. I don't expect him to give them the attention that I myself can.

PS, the same is true of lawyers and any professional. The less people know about the services they provide the more satisfied they tend to be. They cannot see the warts or know the opportunity costs they have incurred.
txFish1
  |     |   298 posts since 2023
PD I owned a small Trucking/Logistics company here in Texas and wore many hats but but I found it saved me a lot of time and aggravation by hiring a CPA who was a Tax Accountant and also had a Tax Attorney I had access to. The main reason I have an Accountant is not that I know little about Taxes or Finances but more that I enjoy spending my time fishing, playing racquetball or going to the beach
P_D
  |     |   366 posts since 2020
Absolutely! I am not suggesting people shouldn't hire accountants. Even a bad accountant might be better than most peoples' results if they try to do it themselves.

The main issue I have with accountants (and especially tax attorneys) is that much of their earnings as an industry comes from charging people fees to navigate a corrupt tax system. So in that respect I see their industry as part of the problem.

But there are certainly other services accountants perform that are completely legit and necessary for both individuals and businesses.
txFish1
  |     |   298 posts since 2023
That is so true!

And if I was being totally honest I have kept the Accountant a little out of laziness. I sold my business last year and probably have plenty of time to do my own taxes now but just hate our tax system and don't want the aggravation. Who knows maybe I will discontinue her services and do my own taxes next year.
Bob42
  |     |   17 posts since 2019
Yes many of us can prepare our own taxes and become familiar with tax laws and in so doing can avoid engagement of accountants and financial advisors who many of us feel can’t adequately help us or charge excessive fees. Sadly, no similar opportunity for self sufficiency is available when it comes to health issues and so we have no choice but to submit to the health care industrial process where poor quality and exorbitant costs pervade our lives every day, at least those 60 or older. Sad.
P_D
  |     |   366 posts since 2020
So true Bob42. My father was a physician and when he himself developed serious health issues near the end of his life he was appalled at the care he was getting. He struggled to find good care. As a veteran he was particularly disappointed in the care he got at the VA and only sought out care there for a very few specific things that he said they did well.

He remarked that he could only imagine the poor quality of care people who had no knowledge of medicine were getting.

It's not always or even usually intentional, it stems from the fact that doctors have many patients to attend to and there is no way they can give each of them the proper amount of time or attention to give them quality care.

It's the dirty little secret in every profession.

They can get away with it because their clients are unable to assess the quality of the work.
milty
  |     |   235 posts since 2018
My dad was a machinist, and I can attest to the fact the health care he received was later referred to as the "poor man's treatment" by another physician, which is one reason, besides my own observations, that we need universal health care. Certainly the wealthy would not tolerate the "poor man's treatment" so why should anyone. There is no reason if we can put a man on the moon and have the most powerful military that we cannot have the best health care for the most people.
P_D
  |     |   366 posts since 2020
"Certainly the wealthy would not tolerate the "poor man's treatment" so why should anyone."

My father was wealthy and got no better health care at the supposedly top facilities than anyone else got elsewhere. It isn't how much you pay for it, who pays for it or where you go to get it that gives you the best chance of getting good healthcare. It's WHAT YOU KNOW about healthcare. And fortunately for my father who lived to 98 he knew quite a bit and was able to separate the good doctors from the bad.

My father was very well respected by his patients because he spent a lot of time and effort on them and cared about their results. And he was extremely knowledgeable in his field often consulted by other doctors seeking advice. He retired 34 years ago and to this day, maybe once every couple of years I run into a former patient who tells me what a great doctor he was.

He made much less money in his profession than he could have because he wanted to focus on giving as much attention to each patient as possible. Money isn't the answer. Government healthcare isn't the answer (like we need more VA!)

He made most of his money as a successful investor.
milty
  |     |   235 posts since 2018
"It isn't how much you pay for it, who pays for it or where you go to get it that gives you the best chance of getting good healthcare." I am afraid I would have to disagree with that. When it comes to healthcare, everything depends on having access to those top facilities with the best doctors. Even if one isn't a medical expert having access to those who are can make a world of difference. And that access today can costs lots of money. (However, I am not disputing that having a good education is an important factor as well in taking care of oneself . . . after all, common sense is not medical science.)

"The best barometer of rising inequality in America is no longer income. It is life itself. Wealth inequality in America is growing, but The Post found that the death gap — the difference in life expectancy between affluent and impoverished communities — has been widening many times faster. In the early 1980s, people in the poorest communities were 9 percent more likely to die each year, but the gap grew to 49 percent in the past decade and widened to 61 percent when covid struck."
https://www.washingtonpost.com/health/interactive/2023/american-life-expectancy-dropping/
Ally6770
  |     |   3,659 posts since 2010
One of the advantages of Medicare is that you can go to any place and to any doctor and not worry about staying in a network. If you get a supplement that pays what Medicare doesn't pay you are all set. It is expensive but worth it. You can go the best hospitals in the nation and also get an on line chat with one of the doctors, send them your tests or X-Rays, echocardiograms EKG's etc and go from there. I have friends that go to Cleveland Clinic for a 3 day physical each year. Not sure if Medicare pays for it or her supplement that pays for an annual physical. Medicare does not pay for an annual physical, just the wellness check up. My supplemental insurance also has a annual physical plus Medicare has the wellness check up but that isn't a real physical. I do not go to Cleveland yet but may start going in a couple of years. To have a 2 tier healthcare network is not right.
It was the same way with education when I was in school. The teachers that were fired were sent to the schools in the poorest part of town. When I was on the township board it was the waste companies, the dumps, etc that tried to get into the poorest place in our township.
IGR
  |     |   431 posts since 2020
3 day physical each year in Cleveland Clinic???!!!
Somebody would have to explain to me Medical Justification and Economic Affordability of such bizarre custom.
I have a sense that such friends do not contribute each $600+ a month to Medicare.
I would rather suspect that such friends of Medicare tap Medicaid as well.
if only 2% of Medicare friends make "3 day physical" an annual tradition it would cost the Nation between 2 to 4 Millions Clinical Days.
There will be no GDP $$$ left available for anything else and no Clinical beds available for anyone else, or even for the friends themselves if they become unwell in between the physicals.
It is a shame that Cleveland Clinic resources are wasted in such way.
The sad part of it is that no intensity or frequency of physical is statistically correlated with wellness.
Ally6770
  |     |   3,659 posts since 2010
My friend told me tonight that she pays for her husbands insurance he had from work when he was alive as a supplement along with Medicare. She pays $500 a month for that insurance plus Medicare on less than $50,000 income from SS and pension. Her married children, grandkids, neighbors and friends help take care of her and they take turns staying with her nights. She has some incurable diseases and a few chronic other problems that take a lot of monitoring. Her daughter takes her to Cleveland once a year. She is on several medications and uses several appliances for everyday living, including a battery wheelchair. She is not in a nursing home but has a lot of in home help that she also pays for to be able to stay at home. Most of us are only 80-90 and most of my friends are in nursing homes, have dementia, are blind. I am the only one of our group that can drive and able to live by myself. Only cannot mow the hills anymore but do shovel the 80 foot driveway unless it is over 4 inches, trim trees and rake and blow the leaves from 8 oak trees every year and drag them on a tarp to the back of the woods to dump them. One of my husbands friends who also was in the building trades had both knees replaced and fell and can no longer walk and is a wheel chair for the rest of his life and has to have someone come in and bath and dress him, cook breakfast and dinner, clean house, he tries to do laundry. He has groceries delivered while his house keeper is there and she takes care of them.
His sister my friend since first grade and also a widow is in a nursing home with dementia. All of us who did physical labor and did not have a desk job like me are disabled one way or another. But not one of them are complaining. I only help split wood and stacked wood every weekend and worked 2 jobs for 23 years. My husband was disabled for 18 years.
I am sorry to disagree with you about a physical not being statistically correlated with wellness. My husband as business manager suggested to have it in the insurance in the 1980's. The guys voted on it and it passed. The are self insured and pay for their own healthcare and insurance etc. They have no paid holidays or paid vacation but that is what they voted on. If you know how many illnesses were caught early in the families of these workers you would not say this. Even at a routine physical that my cousin who is also in the building trades and went to my son for his routine physical had open heart surgery that same night. When I was in ER for 8 yours with my heart the Thursday before Christmas the doctor there and the cardiologist I had to see last week when they heard my name asked if he was my son was the doctor and said his first name and they told me how many patients he has saved during his routine physicals. He is an internist. He is in a group of specialists and I am happy that our insurance will pay for a routine physical every year. I pay $6500 a year for this insurance it but when I had to have an experimental procedure done on my heart it completely paid for it. Another friend had a stent put in her heart before Christmas and it was completely paid for. Her son who sells medical appliances to surgeons and trains them on how to use them had to come to Michigan to observe the surgery that the doctor was doing for the first time after Mike trained him. My friend could not be transferred to the U of M hospital to have it done.I brought the desk top near the TV. GO LIONS!!!! THE Chiefs won. GOOD DAY!!!


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.