Author: Peter Wechsler

Retirement, Income, Tax & Estate Planning.

Four Days To Go

It’s Friday morning and we’re finally down to four days to Election Day. Figuring out when the whole thing will be done and knowing who the winner is will be a whole ‘nother talk show. Overall, we are a 50/50 country with mood swings one way or the other. So, like every other election, about…
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October 29, 2020 0

What Medicare Doesn’t Cover

I get so many questions on Medicare and, having been on it for a few years, I’m learning the ropes. If it’s a government program then you know it will be complicated and confusing. Kiplinger recently put out a pretty good column explaining the seven things Medicare doesn’t cover. For those not yet on Medicare,…
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October 22, 2020 0

Social Security Benefit Going Up For 2021

Buried in the newspaper this week was news of the annual cost of living adjustment (COLA) from the folks at the Social Security Administration. Benefits will be increasing 1.3% for 2021. With 18 days to go until the election, who doesn’t wish it was already over? The campaign season seems to keep getting longer. The…
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October 15, 2020 0

Good News For Q4 2020

With everything we have all experienced in 2020, I know I’m tired of writing, seeing, and hearing the phrase “unprecedented times”. I think we’d all like to go back to precedented times. The good news—and the title promises good news so I’m going to deliver it—is that the big worries of the fourth quarter don’t…
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October 8, 2020 0

Social Security Isn’t Keeping Up

Seniors love COLA. No, not soda… though I assume there are some soda fans out there… but Cost Of Living Adjustments to Social Security. COLAs are the SSA’s response to inflation. From 2000 to 2020, inflation has averaged just north of 2% each year. A dollar in 2000 was worth what $1.51 is worth now.…
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October 1, 2020 0

Celebrating Rosh Hashanah… Kinda

As we enter 5781 on the Hebrew calendar, we reflect on the crazy year that it’s been. Tonight begins Rosh Hashanah where we usher in the new year for Jews around the world. For those who have been reading this weekly missive know that, for many years, I held open house on Rosh Hashanah. Usually…
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September 17, 2020 0

Pandemic Effects Will Continue

   We are six months into the pandemic and all of our lives have been impacted. It seems like nothing is the same as it was a year ago. Last weekend, I again had to wait in line to get into a supermarket. I thought that was behind us but I guess not. Unemployment…
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September 10, 2020 0

You Just Might Get A Raise After All

According to Kiplinger, “Inflation has been on a roller coaster in 2020. First, COVID-19 disruptions cratered prices for gasoline, travel, even car insurance. Summer rebounds in those commodities, as well as increases for in-demand items like used cars, meat and haircuts, have put the consumer price index back on a more normal trajectory, one that…
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August 27, 2020 0

A Record-Setting Week

It’s Wednesday morning and both the Nasdaq and S&P 500 hit new highs yesterday. As of now (11:52 a.m. in the east) both indexes are up again. When discussing the markets, which I end up doing many times each day, I keep getting the same questions and comments: Why does the market keep going up while the…
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August 19, 2020 0

Expect The Unexpected

When I talk to my clients, one of the things I hear most often is “We’ve never lived through anything like this before.” And that’s very true. 2020 has been an adventure to say the least. But I take that time to remind them that the world may be changing, but their retirement needs aren’t.…
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August 5, 2020 0