Baby Boomers Will Be Have To Pay A Higher Percentage For Their Medical Care

Tough decisions will cause Baby Boomers to decide on retirement spending   Recently a large financial services company suggested that each retiree beginning at age 65 and using Medicare as their chosen health insurance protection vehicle could face an out of pocket expense of over $240,000 during their lifetime. The amount needed is expected to [...]

By |2019-03-10T19:43:34+00:00August 31st, 2015|Estate Planning, Insurance|

Physicians And The Affordable Care Act

Physicians are taking the brunt of lowered medical costs reimbursements  Increasingly, medical providers are deciding not to handle Medicare patients any longer; instead, they are offering services to those over age 65 with their actual cost of services being billed. The Medicare enrollee has no viable option of asking Medicare for reimbursement and is faced [...]

By |2019-03-05T20:56:47+00:00August 27th, 2015|Estate Planning, Insurance|

Dental Care and the Baby Boomer Generation

Good oral health care is synonymous with overall good health, as a matter of fact, good oral hygiene is essential to wellbeing. By not caring properly for your teeth can mean a buildup of bacteria leading to a myriad of diseases including gum disease. Also, small droplets of saliva from a non-protected mouth have been [...]

By |2018-07-31T22:54:01+00:00August 25th, 2015|Insurance|

The Dow Jones Industrial Average Will Hit 30,000

I remember well that statement being made at a financial convention years ago, the speaker followed up his announcement with this: “I just don’t know when!” It seems that the stock market is always going up and yet his past few days something odd has happened, it has dropped, dropped like a rock. Immediately after [...]

By |2018-03-12T03:05:49+00:00August 24th, 2015|Investing|

Nightmare On Easy Street

A recent report about retirement confidence from the Employee Benefit Research Institute found a widespread concern over the future, the future in retirement income, the future of social security and the future of Medicare. Click here for the entire report and their opening brief: http://www.ebri.org/publications/ib/index.cfm?fa=ibDisp&content_id=5513 Here is an insert from their opening brief: The 2015 [...]

By |2018-03-12T03:16:02+00:00August 15th, 2015|Retirement Planning|

Prime Notes Are Prime Fraud

In a recent notice the SEC warned of “Prime Bank Notes” being promoted as high yield bank alternatives are not real. These offerings prey upon investors desiring a higher rate of return than is available through conventional channels. Along with the higher interest the “prime” notes also testify to their safety and lack of market [...]

By |2018-03-12T03:22:58+00:00August 12th, 2015|Investing|

It’s What You Keep That Counts

Have you ever thought about that? If you knew that you would never lose your money, what type of investment would you choose? The fact that you are exempt from a loss would free you of the worry of concern about any investment, you would merely choose a category that potentially had the greatest growth. [...]

By |2018-03-12T03:28:54+00:00August 10th, 2015|Investing|

The Longer You Live The Longer You Live

By Bill Broich In 1994, amateur economist and investment manager William P. Bengen wrote his famous thesis about withdrawal rates from accumulated funds in calculating retirement income. Here is the link: http://www.retailinvestor.org/pdf/Bengen1.pdf Over the years and due to the financial meltdown of 2008, the amount of withdrawal has been reviewed by many planners as well [...]

By |2015-08-09T20:36:59+00:00August 9th, 2015|Retirement Planning|

Variable Annuity Companies May Face Huge Loss Of Revenue

A recent article mentioned that Credit Suisse was evaluating how the new Department of Labor (DOL) “fiduciary” rule will affect companies depending on variable annuity fee income. The simple fact is this, variable annuities are losing their place in the market and will eventually be a simple add on product instead of the “bull” annuity [...]

By |2019-02-17T16:50:01+00:00August 4th, 2015|Annuities|