February 19th, 2019

Closing the Donut Hole

If you haven’t been really, really sick in the last few years, you may not have ever heard of the “donut hole” in Medicare Part D prescription drug plans. This is the common name in the medical field for an unusual coverage gap where, if you incurred $3,750 worth of drug costs in any given … Continue reading “Closing the Donut Hole”

February 15th, 2019

Are One-Percenters Rich or Comfortable?

What would you have to make to be a one-percenter? That is, to have an income in the upper one percent of the population, in the U.S., Singapore, China, Brazil, England or Australia. The answer, of course, differs in every country. At the bottom of the scale, someone earning $81,000 a year in India is … Continue reading “Are One-Percenters Rich or Comfortable?”

February 6th, 2019

The Difference Between Mutual Funds and ETFs

If you are new to the investing world, you may be wondering what the difference between mutual funds and exchange-traded funds are. While there are similarities between the two, the differences could determine whether one or the other, or a mix of both, makes the most sense for you. It’s quite important to understand the … Continue reading “The Difference Between Mutual Funds and ETFs”

January 7th, 2019

Why Now Could Be a Good Time for a Roth IRA Conversion

Roth IRAs are one of the best gifts that Congress has ever given Americans when it comes to saving money for retirement. Contributions grow tax deferred like with traditional IRAs, but withdrawals are usually tax-free if they’re made after you turn 59½ years old. Also, there are no Required Minimum Distributions (RMDs) with Roth IRAs … Continue reading “Why Now Could Be a Good Time for a Roth IRA Conversion”

January 7th, 2019

The Evolution of Financial Rights and Equality for Women and the Opportunity it Provides for the Client/Advisor Relationship

In recent years, there’s been a lot of publicity around sexual harassment, and the MeToo movement seems to have brought us to a new age for women and their ability to exercise their legal rights, especially as it pertains to the work environment.  But it is worth noting just how discriminatory our society, and others, … Continue reading “The Evolution of Financial Rights and Equality for Women and the Opportunity it Provides for the Client/Advisor Relationship”

January 7th, 2019

How Medigap Choices Are Changing

With Plan F and Plan C going away in 2020, Plan G may become the most common option. Soon, the most popular Medigap policy will no longer be available. Seniors will lose the chance to buy Plan F in 2020 as well as the less popular Plan C. These policies cover Medicare’s Part B deductible, … Continue reading “How Medigap Choices Are Changing”

December 28th, 2018

What Does an Inverted Yield Curve Mean?

If investors aren’t selling stocks because of the current government shutdown, they might be nervous about the flattening yield curve—broadly defined as a time when short-term interest rates were higher than yields on longer-term bonds. But what does this mean for the markets? Typically, an inverted yield curve signals a recession. The press has certainly … Continue reading “What Does an Inverted Yield Curve Mean?”

December 17th, 2018

Your 2019 Financial To-Do List

What financial, business, or life priorities do you need to address in 2019? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to lowering your taxes. Can you contribute more to your retirement plans this year? In 2019, the … Continue reading “Your 2019 Financial To-Do List”

December 13th, 2018

Social Security Gets Its Biggest Increase Since 2012

Social Security will soon give seniors their largest “raise” since 2012. In view of inflation, the Social Security Administration has authorized a 2.8% increase for retirement benefits in 2019. This is especially welcome, as annual Social Security cost-of-living adjustments, or COLAs, have been irregular in recent years. There were no COLAs at all in 2010, … Continue reading “Social Security Gets Its Biggest Increase Since 2012”

December 10th, 2018

Year-End Tax Opportunities

Each year, U.S. taxpayers face several year-end deadlines which, if ignored, can be costly and in some cases punitive. In the latter category, consider people over age 70 1/2 who fail to take the full required minimum distribution from their IRA or 401(k). If they get the calculation wrong, or forget the distribution altogether before … Continue reading “Year-End Tax Opportunities”