Medicare Advantage plans are more popular than ever. With Medicare Annual Election Period coming soon, we are expecting even more seniors to choose this type of coverage than ever before. Low- or even no-premium plans are the most popular and some plans even offer a “giveback,” a credit to your Social Security benefit, rather than… Read more »
At a recent business conference, every session talked about ChatGPT and A.I. which made me question, should mankind be concerned? Will procedures and policies be put in place to manage the technology and potential threats? Recently, AP News reported that a couple of lawyers were fined for using falsely produced case references that ChatGPT had… Read more »
These days, many individuals are seeking ways to be calm and in the present, appreciate their lives and develop practices to stay focused. The financial events over the past few years have provided a perfect opportunity to practice these tools. Mindfulness. According to mindfulness.org, “Mindfulness is the basic human ability to be fully present,… Read more »
Packing for your summer vacation means finding room for all the essentials. One that many might forget is travel health insurance. Now, keep in mind that trip insurance and travel insurance are very different. Trip insurance, usually purchased from your agent or online booking site, insures you against loss for having to cancel or postpone… Read more »
In December, the President signed the SECURE 2.0 Act of 2022 (SECURE 2.0), part of the Consolidated Appropriations Act (CAA) of 2023, which builds on and expands the SECURE Act of 2019 to improve retirement-savings opportunities. Below are a few key highlights of SECURE 2.0: 2023 2024 2025 2026 For more information and the personal… Read more »
The game of Texas Hold’em is much like the “game” of the markets. It’s about long-term strategy and restraining from being impulsive or emotionally tied to the current state of the game. The Game Each player is dealt two cards face down known as hole cards. Then, a series of community cards are dealt face… Read more »
Merriam-Webster’s definition of harvest is to gather, remove or extract a crop or living cell. In the world of finance, it’s the season to review your potential tax liability for the current year and harvest unrealized losses to offset any realized gains. Realized vs. unrealized. A realized gain (or loss) occurs when an asset or… Read more »
Whether you are turning 65 soon or already enrolled, there are some simple points to remember as you plan your Medicare coverage. Turning 65? DO set up an online account with SSA.GOV. This will be your “mySSA” account. Register at least four months before your 65th birthday. Your Medicare effective date is the first day… Read more »
Each year, Centers for Medicare and Medicaid Services (CMS), under the Federal Department of Health and Human Services (HHS), sets new pricing for Medicare. This involves more than just your Medicare premium, but deductibles, co-pays and reimbursement levels for providers. Fortunately, there is good news for the year ahead. The 2022 Medicare Part B premium… Read more »
In today’s economic environment of higher interest rates, inflation (aka higher prices) and a potential recession on the horizon, it’s important to get back to the basics in managing our finances. Review your budget. Make a list or use an app to track your expenses. Most banks offer software to categorize your transactions appropriately. This… Read more »
History demonstrates socially responsible investing (SRI) has been present since the 1800’s. It began with adversity to companies that manufactured tobacco and alcohol or promoted gambling in an era known as the Age of Reason. In 1971, the first socially responsible investing fund was launched by Pax World, a sustainable investment firm, and in… Read more »
Medicare Part D Prescription Drug plans can be complicated, but once you understand them, you can make them work in your favor. The two main factors that affect the price of your prescription medications are drug tier and coverage stage. Drug tiers 1-5 are the levels of pricing for medications on a specified formulary. Each… Read more »
Medicare can be very confusing. Plan types, names and acronyms make for a labyrinth of terminology. Here are some simple definitions that may help make sense of Medicare coverage. Traditional Medicare: This is the federal program that includes Medicare Part A and Part B. Most people start here at age 65, unless they have group… Read more »
When I was a kid, I loved our annual block party; lots of food, fun and games. Some years multiple blocks would participate. One year we had a huge scavenger hunt where each family had a set of clues for the items to collect. The clues were extremely sophisticated, puzzle-type questions that needed to be… Read more »
Many years ago, I received a $30,000 tax bill from the state. I was a freshman in college and the world wide web had yet to be launched for public use. After several long calls to the state, it was determined that my social security number had been compromised. Fortunately, I was not held responsible… Read more »
As one of the first do-it-yourself (DIY) shows over 40 years ago, “This Old House” focused on home renovations and improvements. Today, there are dozens of DIY shows and dedicated networks to watch renovations and new home construction. One constant in every show, whether a home is being modernized or built from scratch, is that… Read more »
Most everyone knows the adage, “a picture is worth a thousand words.” If that’s the case, then what is a video worth? The value of video, when used in marketing efforts, can be worth a whole lot more, especially to your bottom line. No matter what business you are in, videos should be a… Read more »
What once seemed an impossible dream— Coachella Valley students making their way into medical school— may soon become a regular reality thanks in part to efforts of OneFuture Coachella Valley’s Physician Assistant Pipeline Alignment Team. The team recently launched with leadership from UC Davis, USC, and local physician assistant (PA) professionals to prepare students to… Read more »
With all the beautiful music in the world, it’s hard to believe there are only seven letters in the musical alphabet. Of course, there are many different variations with sharps, flats, cord combinations and timing that create the sounds we enjoy. Similar to diversifying your investment portfolio, one note or cord a song does not… Read more »
Recently, the Women’s Advisory Institute at Beacon Pointe Advisors hosted an event discussing anxiety among our children and the challenges this past year has presented. As we embark on another school year, we thought it was important to keep the conversation going. Anxiety and mental health issues occur at all ages, whether it’s a… Read more »