FYI:
Regards,
Ted
August 20, 2015
Dear WEALTHTRACK Subscriber,
Here’s a thought provoking finding: during the financial crisis and the post- crisis years, hedge funds run by women have significantly outperformed the broader market of hedge funds, the vast majority of which are run by men. This is one of the many fascinating facts found in a report “Addressing Gender Folklore,” from the State Street Center of Applied Research. I’ve often wondered why women are still such a small minority among executives in the investment field (only 7% of money managers are women) and what difference, if any, having more women in positions of influence makes. State Street posed the questions and found some answers. We’ll have the full report online this weekend.
It’s the final week of the summer fund raising season for Public Television, so once again we are revisiting one of our most popular programs. This one focuses on maximizing Medicare benefits.
It is estimated that 90-95% of Americans pay too much for Medicare coverage. We want to make sure you are not one of them!
Our mission on WEALTHTRACK from the beginning has been to help you build financial security for a lifetime. The greatest unknown in planning for that goal is life expectancy. Today, men and women who retire at 65 can anticipate living another 25, 30 or even 40 years. During all of those years they will be receiving Medicare benefits and contributing to them.
Needless to say, every individual is different. But one thing is certain, as we age, we use more healthcare services. We see more doctors and visit them more frequently. We take more medications. We undergo more procedures and we often need more help. Older Americans cite medical expenses as their largest expense outside of food and shelter, much higher than the general population.
This week’s guest, Katy Votava, estimates that Americans 65 and older spend an average 13% of their after-tax income on out-of-pocket healthcare expenses.
Medicare is at the core of those expenditures, which is why understanding Medicare and maximizing its benefits is so important in the financial planning process, yet it is often taken for granted and overlooked.
No more! This week we are going to repeat the expert guidance from Katy Votava, Founder and President of Goodcare.com, a healthcare consulting firm for individuals, small businesses and financial planners. Votava is a registered nurse with a PhD in health economics and nursing. She is a regular columnist for InvestmentNews, a leading publication for financial planners and the author of a new ebook, Making the Most of Medicare: A Guide for Baby Boomers, which I highly recommend for anyone interested in navigating the Medicare system.
Especially for WEALTHTRACK viewers, Votava is offering a 25% discount on this valuable guide. You can click here to purchase it. Just be sure to enter the discount code WT25.
If your local station isn’t airing WEALTHTRACK due to pledge, you can watch this show on our website. In our EXTRA feature, you can also see our exclusive online segment with Votava about how she turned her career in health services into a thriving business.
Have a great weekend and make the week ahead a profitable and productive one.
Best Regards,
Consuelo
