October 2024 Newsletter

 Our financial newsletters are designed to provide helpful information on a wide variety of financial topics. Simply click on one of the newsletter topics below to read the article in its entirety.

HOT TOPIC: The Fed Finally Cut Interest Rates
What could it mean for your finances?

Can You Put the Brakes on Rising Auto Insurance Premiums?
There are still steps you can take to make your premiums more affordable.

Do You Have Enough Life Insurance?
Here are several methods to consider when determining your life insurance needs.

Making the Most of Your Credit Card
Credit cards are no longer viewed solely as a debt instrument for cash-strapped individuals.

A Pension Strategy That May Boost Your Income
A strategy called pension maximization may offer the best of both worlds.

What’s Your Real Return?
It's important to consider the real return on your investments, which includes the effects of taxes and inflation.

Medicare and ACA Open Enrollment Periods 2025

 

• The MEDICARE Open Enrollment period starts on October 15, 2024, and continues through December 7, 2024, for coverage beginning January 1, 2025. 
• The Affordable Care Act (ACA) Open Enrollment period for 2025 health plans starts November 1, 2024, and runs through January 15, 2025, in most states. However,  for coverage beginning January 1, 2025, you must enroll by December 15, 2024. The last day to enroll in or change Marketplace plans for the year with coverage starting February 1 is January 15, 2025.
• States that use their own marketplaces and enrollment platforms can establish different end dates for the annual enrollment period as long as they conclude on or after December 15, 2024. Other states may also be subject to an extension in 2025. States with state-run exchanges can issue last-minute extensions, and the federal government can issue an extension for all states using the federal marketplace.

Can Your Personality Influence Your Portfolio?

New Research Points to Yes

Academic researchers have been exploring how investors’ personalities might affect their financial decisions and wealth outcomes.  (continue to article)

HDHP/HSA Pairing May Help Control Medical Costs

 HDHP/HSA Pairing May Help Control Medical Costs

• High-deductible health plans offer potential savings by encouraging cost-effective choices in medical spending, as well as eligibility for a health savings account with tax advantages...  (continue to  article)
  

New Medicare Rules Tackle Prescription Drug Prices

 New Medicare Rules Tackle Prescription Drug Prices

• The Inflation Reduction Act of 2022 included provisions intended to lower prescription drug costs for Medicare enrollees and slow drug spending by the federal government... (continue to article)