Archive | Current Events

Appealing the IRMAA (What’s that? Ans: Higher Medicare Part B & D premiums)

Appealing the IRMAA (What’s that? Ans: Higher Medicare Part B & D premiums)

How do you appeal the Medicare Income Related Monthly Adjustment Amount, or IRMAA? Amid the long checklist of things you must do at retirement, this can easily be overlooked, causing you to pay more in Medicare premiums than you need to. The IRMAA was first enacted in 2003 as a provision of the Medicare Modernization Act […]

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What’s the Difference Between Advisers?

You’ve probably had experiences with different “advisers” without even realizing it (even at your bank). “Adviser” is a broad term ill-defined in the financial services profession. A key part of financial education is to become more aware of what kind of “adviser” are you talking with (not only me, but with any other as well)? […]

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A Brief History of Doom.

Well written, easy to read, no financial background required, on why financial crises happen. The author puts together a very well-developed argument as what causes financial crises by looking at many historical events worldwide and piecing together the data to support this insight. Note: This post was written some months ago and scheduled to post […]

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How Do You Know if Diminished Financial Capacity Has Crept in?

By definition, you don’t recognize the signs of diminished financial capacity. You need to rely on others for this. And as you’ll see below, relying on others presents a dilemma! This is not something to be ashamed of – it’s a natural order of aging. For some slowing down comes earlier, for others later. The […]

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Incapacity planning for Social Security

As the Coronavirus continues to put people of all walks of life in hospitals and on ventilators, the necessity of incapacity planning is starting to hit home. The question now isn’t so much “what if I die?” (although there’s that, too), but “what if I’m unable to speak for myself? Who will take care of […]

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Source: Author Calculations

What are Heir’s Considerations Now for Inherited Retirement Accounts?

The SECURE Puzzle This article will discuss HOW a heir may distribute Required Minimum Distributions (RMDs) over the 10 year period that results from the SECURE Act of 2019*. The pertinent details of the Act relevant to this article will be discussed later. The below applies to any qualified retirement funds an heir may inherit. […]

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How do those “free dinners” really work?

You’ve probably got a dinner invitation in your mail. Free dinners are popular marketing ploys. “The hook” is the free meal. You bite. The salesperson reels you in with a compelling presentation. They land you when you buy what they’re pitching. No surprise – typically it’s an annuity. Why typically? Because they have high commissions, […]

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Tariffs – a Balanced Look (i.e., no politics or opinions)

“Tariffs are one of the oldest trade policy instruments, with their use dating back to at least the 18th century. Historically, the main objective of a tariff was to raise revenue (my emphasis). In fact, before ratifying the 16th Amendment in 1913 and formally creating the income tax, the U.S. government raised most of its revenue (taxes) from tariffs. Even so, […]

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