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Health Care Spending During a Pandemic

January 19, 2021

In 2019, health care spending in the U.S. rose by 4.6%, for a total of $3.8 trillion. In fact, health care spending accounted for more than 17% of the economy. Spending accelerated in hospital care, physician and clinical services, and prescription drugs (which represented 61% of total national health spending).1 But here’s the interesting bit:…

Global Recovery in a Post-Pandemic World

January 19, 2021

In 2020, the World Economic Forum published its annual Global Competitiveness Report, as usual. However, in light of the global pandemic, it put its long-standing Global Competitiveness Index rankings on hold. Instead, the report focused on priorities for recovery and revival instead of competition.1 Indeed, economic globalization over the past two decades, in many ways,…

Higher Taxes are Coming! Here’s How You Could Defend Your Retirement Savings!

January 10, 2021

Higher taxes could decimate your nest egg! Learn some defensive tax planning strategies that could save you a fortune on Retirement Solutions Radio show, “7 Ways You Could Grow Your Retirement Savings in 2021”Listen Now! Our firm assists retirees and pre-retirees in the creation of retirement strategies utilizing investment and insurance products. Advisory services offered…

U.S. Weighs Student Loan Forgiveness

January 7, 2021

The current tab for student loan debt in the United States is $1.6 trillion. Most individuals don’t owe the federal government huge sums of money: 14 million borrowers owe $10,000 or less, while less than 3.5 million borrowers owe $200,000 or more. Many of those students in the latter group may have pursued a higher…

2021 Outlook: Wealth Managers Weigh In

January 7, 2021

While challenges likely still lie ahead, there’s no denying we all weathered our fair share of storms in 2020. Now that the calendar has turned to a new year, we looked to wealth managers across the nation to find out what they’re expecting for 2021. As you’ll see, the answer often changes depending on where…

The Advantage of Portable Benefits

January 7, 2021

Since companies first competed to hire returning soldiers after World War II, employers have offered worker benefits such as health care insurance, retirement plans, and workers’ compensation. However, today’s workforce model has changed considerably. Between 2007 and 2017, the percentage of the workforce engaged in alternative work arrangements rose by almost half, accounting for 94%…

What Is “Stakeholder Capitalism”?

January 6, 2021

In its monthly Investment Insights publication, Merrill Lynch noted that while nationalism has been a strong trend throughout the past few years, globalism in the prior 30 years did much to reduce poverty worldwide. As trade agreements shifted many U.S. jobs and operations overseas, the average income of the lower 50% of global earners nearly…

Small-Business Prospects and Prognostications

January 5, 2021

Small businesses tend to have certain traits that may offer an advantage over large companies. For example, these traits may include the flexibility to try out new ideas, staff up or down quickly, and adapt nimbly to a changing market. There may also be the indomitable spirit, determination, confidence, and optimism that is inherent among…

7 Ways You Could Grow Your Retirement Savings in 2021

December 29, 2020

Just because 20-20 is in the rearview mirror, doesn’t mean you can breathe a sigh of relief. Learn 7 ways you could exponentially grow your wealth in 20-21.   Don’t miss Retirement Solutions Radio show, “7 Ways You Could Grow Your Retirement Savings in 2021”Listen Now! Our firm assists retirees and pre-retirees in the creation of…

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