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How the “Doc Fix” Bill Will Increase Your Medicare Bills

Posted by on May 22, 2015 in Government, Healthcare, Medicare | Comments Off

thumb_healthThe Medicare Access and CHIP Reauthorization Act of 2015 also known as the “doc fix” was recently signed into law.  It provided guidance for the fees that doctors charge for Medicare services going forward.  Previously, rates were based on the SGR (sustainable growth rate) and were slated to decline by over 20% this year if Congress did not act.  In previous years, temporary fixes were voted in to ensure that this did not happen. The new bill will result in annual increases of 0.5% for doctors who bill Medicare over the next 5 years.   During this transition period, Medicare will transition to a pay system based on “quality of care” metrics.

In order to pay for the bill, however, Medicare Part B fees will rise, most notably for upper income retirees.   (more…)

Choose to Cruise – Considering a Cruise for Your Next Vacation? Here are Some Tips to Consider Before You Book Your Trip

Posted by on May 13, 2015 in Plan Retirement, Travel | Comments Off

back deckBy Doug Caviness

Cruises are one of the best values for your vacation dollar and have become increasingly popular over the past 10 to 15 years.  But how do you decide if cruising is for you and which experience makes sense for your lifestyle and budget? (more…)

Man versus Machine, the Rise of the Bionic Advisor

Posted by on May 4, 2015 in Fee-Only Financial Planning | Comments Off

RobotGentlemen, we can rebuild him. We have the technology. We have the capability to make the world’s first bionic man. Steve Austin will be that man. Better than he was before. Better… stronger… fasterExcerpt from The Six million Dollar Man

Retirement Requires an Emotional Plan, Not Just a Financial One

Posted by on May 1, 2015 in Plan Retirement | Comments Off

Retirement Road Sign with blue sky and clouds.You’ve worked hard for decades, invested carefully, and now you have enough money to live comfortably for the rest of your life. That means you’re ready for retirement, right?

Not necessarily. Although money may not be a concern, that doesn’t mean you are emotionally ready to make the big leap to a retirement lifestyle. (more…)

Are You Adequately Planning for Heathcare Costs in Retirement ?

Posted by on Apr 19, 2015 in Healthcare, Plan Retirement | Comments Off

Health of your WealthAccording to the 2015 Healthview Services Health care Cost Data Report, average healthcare premium costs for a 65 year old couple retiring this year will be over $266,000 during their lifetime.  When you include dental, vision, copays and other out of pocket health expenses that number rises to over $463,000. (more…)

How to invest like the best –Simple lessons to match the investment performance of the pros

Posted by on Apr 10, 2015 in Behavioral Finance, Cash Flow, Fee-Only Financial Planning, Financial Management, Financial Plan, Investment, Life Plan, Passive Investing | Comments Off

I just finished reading Mebane Faber’s Global Asset Allocation: A Survey of the World’s Top Asset Allocation Strategies.  This book reviews the historical performance of major investment asset classes as well as several asset allocation strategies from popular investment professionals.  His findings show that despite significant differences in the proportions of the various asset classes used to build the pros portfolios, their long term performance was fairly comparable. (more…)