Impact of Medicare premiums on Social Security
In retirement, you must have health coverage per order of the federal government as it is mandatory which means you will enroll into Medicare. By federal law, neglecting to enroll into Medicare will lead to a direct loss of any […]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
The biggest issue within the United States is demographics. Believe or not there just isn’t enough younger people. Here is a breakdown of Births with in the United States per year according to the National Vital Statistics Reports from the […]Read more
Medicare Costs in 2017
As expected Medicare costs in 2017 have increased. 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 like to enroll for coverage: […]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
US News – 6 Ways to Protect Your Pocketbook From Sky-High Medical Bills
Dan McGrath, the co-founder of Jester Financial Technologies, a small health care data company in Beverly, Massachusetts, remembers being in the dentist office with his retired mother and realizing he’d made a grave mistake. He’d let his mother navigate her […]Read more
Looking at Reverse Mortgages? You may want to
Planning for retirement is on the hearts and minds of almost every single Baby Boomer, roughly 76 million Americans. Survey after survey happens to lead to the fact that planning for health care as well as planning for Long-Term Care […]Read more
CNBC – Believe it or not, buying an annuity can be a good decision
If you do an Internet search on the subject of purchasing an annuity, you will find that there are a mind-boggling number of articles on whether or not this is a wise decision. Of course, the debate is complicated, and […]Read more
Financial Advisor Magazine – Four Rule Changes To Keep In Mind When Planning For Retirement
With the baby boomers entering and eyeballing retirement, roughly 76 million people, planning for the third stage of their life appears to be the one subject that is gaining more ground than ever before. The issue though, especially now that […]Read more