Even before the Affordable Care Act people were looking for alternatives to traditional health insurance. The biggest desire to change was insurance premiums that were getting out of control. Some also wanted to cut a middleman out of the equation. Payment of claims is an even more important consideration, however.
The solution to too much or too little weight is solved with generally the same strategies. There are three things needed to maintain an ideal weight: diet, exercise and sleep. Do it right and you stand a good chance of living a long time. Do it right and you increase your chances at high levels of health and happiness. Do it right and your level of happiness should go up significantly. Do it right and you will truly be wealthy.
Personal factors, your tax bracket, expected future income and when you plan on retiring all play a role. The answer isn’t as simple as playing the tax bracket game (convert be low a certain tax bracket only).
Other considerations can affect you taxes down the road. Even Medicare premiums are an issue. A high required minimum distribution (RMD)(currently starts at age 72, but pending legislation will gradually raise that to 75, if passed) can cost more than just a tax bill. It can also increase your cost for Medicare.
The best way to handle a Roth conversion discussion is to break it into two parts: the conversion phase and the retirement phase.
How do you invest during times of war? Do you change investing strategy during periods of heightened geopolitical tensions? These and similar questions need to be asked by wealthy people and those wishing to become wealthy.
It has been a long time since developed nations have tasted serious inflation. Unless you are near 60 or older you will not have experienced the last time inflation was a serious issue in the 1970s into the early 1980s.
Coupled with low inflation is low interest rates. It is hard to miss the pattern of interest rates since 1982. Each increase in interest rates was followed by a new low in interest rates until we bumped against zero and stayed there for much of the past decade.
The stock market loves low interest rates. The constantly declining interest rates gave us a stock market that has relentlessly climbed. In the early 1980s the price/earnings (p/e) ratio for large capitalization stocks was in the single digits and the dividend yield was in the 6% vicinity. Now the p/e multiple is closer to 30 and the dividend yield is below 2%.
Find some place comfortable to read this post.
Sit back, relax. Close your eyes. Empty your mind of all thoughts and worries.
Now I want you to go to a special place, a place in your memories. The memory is of a good time, a happy time, a time you want to last forever.
The memory might involve a family gathering or a time of recognition. For many, the memory is connected to a holiday or social event. For many in the Western world it will be a time from childhood and Christmas time.
Hold that memory. We will return to it shortly.
Identity theft went from a nuisance to a problem nearly everyone needs to address. It has become the number one question from clients this year as more people fall victim.
There was a time identity theft meant you did something wrong, exposing your personal data. A few simple precautions prevented problems.
Today it is rare for a day to go by without news of yet another data breach or ransomware attack. Through no fault of your own criminals can gain access to your personal data, account information (including login credentials) and tax returns.