Updated Friday, July 25, 2014 as of 11:19 AM ET
More Competition, Higher Costs in Senior Health Care: Wednesday's Retirement Scan
Our daily roundup of retirement news your clients may be thinking about.
Why most seniors canít afford to pay more for Medicare
A proposal aimed at replacing Medicare with vouchers would transfer the risk to seniors and could lead to higher costs for some of them, according to CNN Money. While the intent would be to bring down costs over the long-term by introducing more competition, it could also make traditional Medicare more expensive by siphoning off healthier seniors to private plans. Indeed, the Congressional Budget Office estimated that this could increase Medicare premiums 50% by 2020 compared with current projections. And such an increase in Medicare costs would be unaffordable for many seniors, according to the new interactive tool developed by the Henry J. Kaiser Family Foundation. Based on a simulation model from the Urban Institute, the tool analyses the population data, including income and demographics, and their long-range effects on retirement and aging.--CNN Money   more »
More in Portfolio
Successful professional women often have specific concerns when it comes to their estates. Be sure you can help address them. more »
Positive actions like increases and initiations hit a 35-year high for the first half, but payouts are still below the historical average. more »
Considering alternatives to retiring; Managing an old 401(k); What to do when retirement accounts are maxed out more »
Immediate annuities surge, but lag other types; Never too late to plan; Different opinions on 4% rule more »
What's driving this new interest? Follow the money: U.S. retirement assets totaled $23 trillion in the first quarter of this year. more »
Puerto Rico Gov. Alejandro Garcia Padilla came out swinging with a defense of his economic and fiscal programs after Moody's Investors Service lowered the island's credit ratings farther into junk territory. more »
High-risk behaviors put investments at risk; Theme songs for retirement; Right (and wrong) questions for clients more »
Amid an outreach overhaul, the agency's Division of Investment Management says it wants asset managers to give advisors and investors a 'clear and concise' picture of their investment strategies. more »
Treasury Department approves new annuity; Advisors keep clients' emotions in check; Important questions about Social Security more »
Financial products and markets are so thoroughly intertwined that regulators need to take a more holistic approach than they have in the past. more »
Retirees ignoring biggest assets; Spending habits more important than income; Situation improves for 65-year-olds more »
Some advisors have found that covered calls outperform bonds and provide savvy selling strategies. more »
Despite declining numbers, defined-benefit plans are in vogue with small business owners and the advisors who serve them. more »
2014 Summer Reading List for Advisors

Current Issue

The July Issue is now online!


Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here