These are trying times. Despite the strains of pandemic, home schooling, work furloughs, and entire families sitting at dining room tables on laptops… there are still BIG decisions and “leaps of faith” to be made. Namely,
Annual Healthcare Enrollment (deadlines looming)
401k contributions by year-end amidst a year of zany cash flows
Kids’ high school enrollments (these have changed for lots of people)
College semester enrollment and tuition payments
Home improvements like, “Do I add a home office?”… and more.
Don’t even get me started on – “Do I know who my beneficiaries are?” or “When do I start taking Social Security?”
Halloween can be pretty scary – but not as scary as Open Enrollment for health coverage! Dates for open enrollment typically go from November 1st to December 15th for coverage starting January 1st of the coming year. Enrolling for healthcare (Flexible Spending, Dental, Health Savings Accounts or Medicare, among others) can scare the living daylights out of even the smartest, strongest people. We are presently in or near the “Open Enrollment for Healthcare” season.
As we continue to watch both from the sidelines and the interior of the Coronavirus tragedy, there exist lessons learned and lessons yet to be learned. Mistakes made past and present. But in looking at history and researching the aftermath of past global tragedies there is evidence of subsequent innovations along with lucky breaks that surpass the imagination.
This edition is dedicated to the loving memory of my father-in-law, Mickey Debbs.
Lots of things in life are learned or really hammered home only during or after a sad event. While there are still lots of lessons learned amidst happy times.
Recently I experienced the tremendously sad and sudden passing of my father-in-law. Note the word “sudden.” Most of us say out loud regarding death, “I want to go fast!” Or, “I don’t want a long and drawn out death.” But really, we have no idea. What if it is sudden?
Halloween can be pretty scary — but not as scary as Open Enrollment for health coverage! Enrolling for healthcare (Flexible Spending/FSA, Dental, Health Savings Accounts/HSAs, or Medicare, among others) can scare the living daylights out of even the smartest, strongest person. We are presently in or near the “Open Enrollment for Healthcare” season.
Over the past two weeks there has been A LOT going on in Washington DC affecting two major categories of our spending: Taxes and Healthcare. These two categories matter hugely for our present and future financial security.
Grandma moving in?? Traveling to help mom and dad from time to time? Sharing tasks with your siblings to help out your parents?
“Caring for Aging Parents” is an emotional and involved topic that takes FAR longer than 2 minutes to cover. However, it is a critical topic and one that comes up daily in my conversations with friends and clients. Think about it: how many times have you been part of this conversation in the past several months alone… among friends/family?? I bet more than once!