The Traditional 401(k)…The Big Lie!
Through the years there have been lies said on almost a daily basis, but when to comes to investing for retirement the biggest one may just happen to be the advice of taking advantage of your company’s Traditional 401(k) plan […]Read more
Traditional 401(k) or Roth 401(k)? It may all come down to planning for your health
The choice of investing into a Traditional 401(k) or a Roth 401(k) has been a debate since the Roth was designed and consensus tells us that they way to go is with the Traditional 401(k) as that is how many […]Read more
Calculating health costs in retirement
- Healthcare Costs, Medicare, Medicare Modernization Act, MediGap, Part B, Part D, Retirement
When it comes to projecting health costs in the retirement it may not be as complicated as first thought as the tools, for the most part are there. The issue, though, is that the group responsible for helping people plan […]Read more
A possible problem repealing Obamacare
With the new Administration in the White House there has been a call by many to repeal our nation’s healthcare law that was enacted in 2010 which is better known as the Affordable Care Act (ACA). On the surface, it […]Read more
Impact of Medicare premiums on Social Security
In retirement, you must have health coverage per order of the federal government as it is mandatory. Unfortunately, the bulk of this expense is also deducted directly from any Social Security benefit you may receive. With Medicare premiums expected to […]Read more
Demographics, There Are Numbers and There Are Numbers.
- Baby Boomers, financial planning, Gen X, Healthcare, Medicare, Millennials, Retirement, Social Security
Webster’s Dictionary defines demographics as “the statistical characteristics of human populations (as age or income) used specifically to identify markets.”
In the United States, we often break down the population into generations. The most common generations are the Baby Boomers, Generation X (Xers), Generation Y (Millennilas) and finally Generation Z.
The Pew Research Center and others define the Baby Boomers as those between the years 1946 through 1964. The Gen Xers were born between 1965 and 1980. The Millennials between the years 1981 through 1997, and finally Gen Z from 1998 and 2014.
The population in America is growing. This is from births and immigration. However, the problem that few want to address is the fact that the generations have not been growing at consistent rates. The consequences of the inconsistent growth may produce dire consequences. (more…)Read more
Births with in the United States per year:Read more
Medicare Costs in 2017
As expected the costs of health coverage for Medicare has increased in 2017. The breakdown of costs, according to Medicare.gov is as follows: For Part A: Medicare Part A premium for those who do not qualify for coverage, but would […]Read more
Medicare’s 2017 Part B premium will increase by just over 10%
The Centers of Medicare/Medicaid Services (CMS) announced that Part B coverage for those beneficiaries who are enrolled into Medicare will be $134.00 per month in 2017. This new premium is just over a 10 percent increase in Part B premiums […]Read more
The impact of Medicare’s IRMAA
Since 2007, with the passing of the Medicare Modernization Act in 2003 and the Affordable Care Act in 2010 by Congress, Medicare has placed a surcharge, known as the Income Related Monthly Adjustment Amount (IRMAA), on top of the current […]Read more