Need to boost your retirement? Do you realize it costs hundreds of thousands of dollars to raise a child? When the kids finally do leave home, parents often spend nearly as much money on travel, fixing their home up, buying a new car, and other costly purchases. Many continue to pay for their children’s college,… Continue Reading
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2016 Medicare Parts A and B Premiums and Deductibles
With the new year here there are new Medicare Parts A and B premiums and deductibles. The standard Medicare Part B premium will hold steady at $104.90 a month, but for almost a third of beneficiaries, the premium will rise to $121.80 a month. The Part D deductible will rise to $166 for all beneficiaries.… Continue Reading
The Affect of Interest Rates on Estate Planning
Rising interest rates can make certain estate plans less effective. When rates rise, the “hurdle” rate increases. That interest rate, currently around 2%, has been quite low for some time. However, with all the predictions that interest rates will begin to rise again, so will the hurdle rate. What does this mean for your estate… Continue Reading
Shout Out!
Thank you Eileen for the Shout Out in the March 4 newsletter! http://www.bothellchamber.com/
Aging Affects Financial Decision Making
There is a strange phenomenon recently reported about how aging affects financial decision making process. Interestingly, as would be expected, as people age their financial literacy declines. However, older people’s self-confidence, and in particular their confidence in managing their finances, does not decline nearly as fast. So they may be making financial decisions without assistance… Continue Reading