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Wage Stagnation: It’s More Complicated Than You Thought

Saturday, April 13th, 2013, by

If there is a dominant theme underlying the malaise facing most working families, it’s the sense that they are losing ground economically.  It’s why the 99% so resent the 1%. One marker stands out…the relative stagnation of wages, which have hovered at, and recently under, the median $50,000 family wage level for over a decade […]

Dragging Health Care Into the Twenty-First Century

Saturday, April 6th, 2013, by

It’s amazing to think about how productive most businesses have become as a result of the innovations in information technology. Unless, of course, you are thinking of health care and education…the two core industries that will do everything they can to resist good management.   Both of these legacy industries are clinging to outmoded principles, primarily […]

What we worry about most in Retirement

Friday, October 12th, 2012, by

You might be interested in the results of the most recent Merrill Lynch Wealth Management survey of affluent households.  The question posed: What is your top financial worry? For me, that’s an open invitation to a very long laundry list.  How about the five trillion dollars that has been vaporized in the past four years, […]

Some Amazing Statistics on Long Term Care Insurance

Wednesday, August 15th, 2012, by

I’m sensing that there may be some fatigue on the part of readers who continue to be overwhelmed with statistics about long term care insurance.  Maybe the message has been part of the background noise for so long that we’ve learned to screen it out….in much the same way that all the hype about obesity […]

Overconfident Retirees: A Reality Check

Tuesday, July 24th, 2012, by

Perhaps you’ve wondered, as I have, why many who have entered retirement continue to live in the large two story home where they raised their family. One obvious reason is that they have boomerang adult children who have moved back in, unable to fund the cost of independent living if they are working one of […]

Long Term Care and your Health and Wealth

Friday, April 13th, 2012, by

It is never an easy discussion to have with a client.  My medical and dental professional clients deal with health issues daily, but I don’t know anyone who is comfortable contemplating their own inevitable decline. Still, any wealth manager worthy of the title must initiate this conversation for the simple reason that the flip side […]

Concierge Medicine…is it Worth the Extra Cost?

Tuesday, March 27th, 2012, by

For most of the past three years, the national health care debate has focused on how best to expand coverage, with an emphasis on insuring the uninsured.  The mechanism that is now part of the new law…subject to the current review by the Supreme Court…will be a combination of the individual mandate to purchase health […]

How Medical Professionals can Improve their Reimbursements

Tuesday, February 14th, 2012, by

  In my wealth management practice, I’ve focused on a narrow niche.  All of my clients are either medical or dental professionals.  This was not part of some grand design on my part, but simply the way my practice evolved over time.  I learned early on that I was not cut out to work in […]