This week, I wanted to share a couple of stories and articles that have recently caught my attention in the hope that one or more of them may be of interest to you too… Consider this your retirement reading roundup.
Retirement Reading: Medicare
First up, there are changes afoot with Medicare.
More specifically, among Medicare’s “alphabet soup” of different plans, “C” and “F” will no longer be available to those who turn 65 in 2020 or later.
Many of you have indicated an interest in learning more about Medicare and how it impacts both your retirement spending and long-term healthcare (not to be confused with long term care insurance, which is completely different).
Next, as we enter a Presidential election year and the political finger-pointing and mud-slinging will only intensify in the months ahead, it’s natural to think about all that’s wrong in the world.
What a World We’re Living In
Political opponents seem to prefer focusing on each other’s shortcomings instead of working to find solutions. Despite this, we’re living in amazing times.
I choose optimism and would encourage you to as well.
2019 was an above-average year in the investment markets.
But will we continue to experience positive returns in 2020 and beyond?
Long-term, as I mentioned above, I’m ever the optimist. However, in the near-term, it’s anyone’s guess.
And one of the very few things I can guarantee in my line of work, is that the market will not continue to rise indefinitely. In fact, the market will go down.
It’s a matter of when, not if.
Recessions: In Context
With this in mind, I thought this chart and article do a nice job of putting things in perspective with regard to economic recessions and expansions.
And finally, here are a few things that could impact Social Security in 2020. This might be helpful whether you’re currently receiving Social Security benefits or will be in the next few years.
OK, switching gears a bit… can I ask you a favor?
I’m considering hosting a webinar to cover a few of the highlights of the new SECURE Act that was passed recently.
Please let me know if this is something you or folks you know might be interested in. Thanks.
And if you have any questions about any of the above stories, or there’s anything you’d like to discuss about your own situation, feel welcome to reach out and let me know.
P.S. – File this under “the truth is stranger than fiction”… a Kansas man petitions an Iowa court to settle custody battle with ex-wife in a duel with Japanese swords. Can’t make this stuff up folks.