FINANCIaL
FIELd NOTES
How to Appeal Higher Medicare Premiums
Social Security mails a letter in November that tells you if you are subject to higher premiums - otherwise known as “IRMAA” or Income-Related Monthly Adjustment Amount. The cost is based on your income from two years prior. For 2022, you would have received a letter in November 2021 telling you your premiums based on your 2020 income.
This is the extent of the information that Social Security uses to determine how much you will pay. They don’t know anything about what has changed since 2020 or why 2020 was possibly an abnormal year for you. Because of this, it is your job to appeal if you feel the premiums don’t accurately reflect your income…
The Greatest Freedom Money Buys Is Freedom From Thinking About Money
The other day my wife and I were driving when she broke a few minutes of silence to ask - “If you had limited water and were lost in the jungle, how would you ration it?” She loves asking me these types of questions because she knows I will struggle to find an answer longer than most.
I gave complex answers about how long the body can go without water and hypothesized about how the humidity levels in the jungle might affect hydration. After multiple attempts, I gave up...
Reviewing Your Auto Policy For Common Mistakes
Your auto insurance policy is one of the types of insurance that you are most likely to use. With that in mind, it’s important to make sure your policy is up to snuff! Here are some of the most common mistakes I see when reviewing auto policies…
I Got An Email From Experian - Equifax Settlement Follow Up
Back in 2019, I wrote on this blog about your options for the Equifax breach if you were one of the millions of people who had their personal information stolen.
Well, another two years went by before they finally sorted out the credit monitoring for all those that chose it. To be perfectly honest, I had forgotten about it. But then I got an email last week that read “Equifax Data Breach Settlement (Credit Monitoring Instructions and Activation Code)…”
Are 7.12% I-Bonds A Good Savings Fund In 2022?
One question I hear a lot is where should I put my emergency fund? Stocks are risky in the short-term and savings accounts are paying nearly 0%.
With inflation running high, one answer is potentially a good old-fashion US Government “I-bond”…
Is The Recent Market Correction Normal?
The stock market is off to a bumpy start to the year. As of market close on Friday, the S&P 500 was 8% off its high. Other parts of the stock market were down even more – the Nasdaq tech-heavy stocks were down more than 12%, small-cap stocks in the Russell 2000 were down 18%…