Business Blast Day at WCAR

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.