Why Ken Fisher is Wrong on Annuities: Federal Regulations in Retirement.
Most regular viewers of financial news on cable TV will recognize the name Ken Fisher of Fisher Investments and his lack of love for annuities. In fact he hates them and is telling everyone who will listen to him as […]Read more
In Retirement Health Coverage through Medicare is Mandatory
In Retirement Health Coverage through Medicare is Mandatory. With changes to Social Security’s Program Operations Manual system (POMS) in order for someone who retires, is 65 years-old or older and would like to receive their Social Security benefit health coverage […]Read more
Social Security’s 2% COLA in 2018 = an extra $3.82 a month!
Social Security announced a 2.0 percent cost of living adjustment (COLA) for 2018 which means that the average retiree will be receiving a whopping $3.28 extra a month even though they have been told that they will be getting about […]Read more
U.S. Debt is over $20 Trillion…don’t worry about it, you will pay it down…really.
- 401(k), Fidelity Health Care, financial planning, Hold Harmless Act, IRMAA, Medicare, Part B, Retirement, Roth, Social Security
It is being reported that the U.S. debt is over $20 Trillion and for many there is a belief that there is no turning back as there would appear to be no ability to even attempt to pay off this huge amount […]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
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
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
CNBC Feature – Medical costs take big bite out of Social Security benefits
- CNBC, Dan McGrath, financial planning, Health Care, Healthcare Costs, Medicare, Retirement, Social Security
Social Security planning is a major focus for financial advisors and their clients — and with good cause. If you look at the data and statistics from Social Security, the reason is clear: Among elderly Social Security beneficiaries, 53 percent […]Read more
Financial Advisor Magazine – Social Security Is Not Going Broke
Ask any financial pundit their thoughts on Social Security and if it will go broke or not. The answer, for the most part, is always the same: “Of course, it will go broke!” The logic makes sense; there is a […]Read more