Quarterly Economic Update

THE QUARTER IN BRIEF U.S. stocks rollercoastered in Q3 2013, but the S&P 500 ultimately gained 4.69% in three months and celebrated another record close on September 18 (1,725.52). The Federal Reserve refrained from tapering its stimulus effort, a move cheered in financial markets worldwide. Global investors sighed with relief as diplomacy headed off a major geopolitical crisis in Syria, …

NAIC Fraud Alert- Consumers ignorance being used against them

From LifeHealthPro 09/11/13 Health insurance agents, make sure all of your licensing is up to date. The National Association of Insurance Commissioners (NAIC) is warning that that people posing as insurance agents or representatives of the federal government are trying to obtain sensitive information like Social Security and bank account numbers in attempts to sell fake policies under Patient Protection …

Cash Flow Management

An underappreciated fundamental in financial planning. Provided by Reeve Conover You’ve probably heard the saying that “cash is king,” and whether you own a business or not, it is a truth that applies. Most discussions of business and personal “financial planning” involve tomorrow’s goals, but those goals may not be realized without attention to cash flow today. Management of available …

The unemployment rate went down, but not really?

There has been alot of talk about this weeks employment report- showing a decrease in unemployment.  But that isn’t necessarily a good thing.  There is a good article about this in CNNMoney this week. The unemployment rate is not a simple calculation, like say “everyone working today/everyone who can work.”  Its everyone that applies for work.  It is everyone that …

THE 2 Biggest retirement misconceptions

While the idea of retirement has changed, certain financial assumptions haven’t.   We’ve all heard about the “new retirement”, the mix of work and play that many of us assume we will have in our lives one day. We do not expect “retirement” to be all leisure. While this is becoming a cultural assumption among baby boomers, it is interesting …

What is Medication Therapy Management

Under Medicare Rules, all Part D Medicare Prescription Plans are required to have this program beginning January 1, 2014. The program is designed to provide the optimal treatment regimen for those with Chronic Conditions.  There is a focus on ensuring that the right drug is being taken by the appropriate groups, and in reducing drug interactions.  In most cases it …

Monthly Economic Update for August 2013

THE MONTH IN BRIEF At the closing bell on July 31, the S&P 500 settled at 1,685.73 thanks to a 4.95% monthly gain – another triumph for a bull market that has overcome a host of challenges. This striking July advance came even as fundamental economic indicators sent mixed messages. The Federal Reserve said nothing definite about when it would …

Affordable Care Plan raises rates in SC 50-70%

The SC Department of insurance announced last week that, after reviewing the rate submissions, rates in the Federal Facilitated Exchange will be 50-70% higher than current rates in the state.  This is due in large part to the new mandated benefits (such as maternity coverage, new taxes and fees, wellness programs) that were not previously available. Group rates are expected …

Using Retirement Plans For Cash During Advanced Illness

This article appeared in Forbes, written by Carolyn McClanahan. Money is saved in retirement plans in the hope that one day you will use it for retirement bliss. Unfortunately, advanced illness may hit unexpectedly and result in an immediate cash need. What do you do if you lack liquid assets but have money wrapped up in retirement plans? Fortunately, retirement …

Quarterly Economic Update

THE QUARTER IN BRIEF Stocks advanced for the third quarter out of the last four: the S&P 500 rose 2.36% in three months and climbed to a new record close of 1,669.16 on May 21. While the Federal Reserve threatened to let the air out of the rally as the quarter wound down, key indicators largely showed improvement even as …