This should not be considered a replacement for Long Term Care insurance, but Medicare is relaxing rules on home health/assistance as they realize it is cheaper than hospitalization: https://www.apnews.com/55e619262d5d455f9a9ac35900e3f3a1
Just a few short years ago Greece was about to implode and default on its debt, so their interest rates skyrocketed. Would you believe that now Greece’s 2 year treasury yield is lower the the US 2 year treasury yield (1.26% vs. 2.06%)? What do you think this is telling us?
Interested in the tax reform info for 2018? Or maybe SS/Medicare info? Or simply retirement plan limits? Here is the latest quick reference guide:
This document is one of the better ones I’ve found for Medicare basics. If you know someone nearing age 65 pass it along:Medicare basics (1)
From a quick scan it appears to me that congress is trying to get folks to take the standard deduction vs. itemizing on their taxes. On the schedule A they are trying to eliminate deductions for Medical expenses, state taxes and capping property tax deductions at $10k. Higher income folks and those that live in states with high property and state income taxes are not going to be happy. Any new home purchases will also have a cap of $500k for mortgage interest deductions.
This website has a good summary:
https://www.thefiscaltimes.com/2017/11/02/Read-House-GOPs-Tax-Bill-or-Summary-Key-Points
You are getting a 2% bump in benefits in 2018, but it will probably be offset by higher medicare premiums: https://www.forbes.com/sites/janetnovack/2017/10/13/gotcha-social-security-benefits-rising-2-in-2018-but-most-retirees-wont-see-extra-cash/#43a72fef5831
Resource on Clark Howards website to wade through the bogus ones: http://clark.com/personal-finance-credit/investing-retirement/financial-advisor-designations-this-free-tool-sorts-through-the-alphabet-soup
I get asked quite frequently about where you can get “any” return on Cash Reserves. Most banks are paying a fraction of a percent if anything, but here is something I just came across: Capital One 360 Money Market is offering 1.2% annual yield on balances of $10,000 or more. If you deposit before Oct 31, 2017 you will also get a $200 bonus. The website is www.capitalone.com/200atlanta and use the code MY200.
Came across these two videos that compare Medicare supplement plans F and G. Most folks naturally gravitate toward Plan F since it covers the deductible, but that may not be the best choice. Especially once you consider the higher premiums and higher annual increases associated with Plan F.
https://www.youtube.com/watch?v=sHj3-Y_gwUs
https://www.youtube.com/watch?v=bmU0KdQuxbU