Investors anticipating a 2020 recession may be in for a surprise. That’s according to Byron Wien, vice chairman for private wealth solutions at Blackstone. Advisor Perspectives covers his debate on the question with Blackstone’s chief investment strategist Joe Zidle. Liz Ann Sonders thinks we’re approaching the end of an economic cycle, though, and offers the data to illustrate her point. If you’re new to Medicare, you’re finding it doesn’t cover all your expenses. A Medigap plan can save you thousands of dollars, but how do you choose one? Rachel Hartman looks into the variables for US News. Buying long-term care insurance isn’t something to put off until later. Not having a policy can devastate your financial plan, as Tom Henske explains.
Byron Wien: Recession Fears Are Overblown — When the yield curve inverted earlier this year, Blackstone’s economic model predicted a recession in the next 20 months. But Byron Wien cautioned against relying on that forecast. Read more…
It’s Late: So Says The Profits Spread And Leading Indicators –The combination of weak earnings growth, limited macro support for boosting multiples and leading indicators that are decelerating yet again imply the late-cycle view for the economy should remain the consensus. It doesn’t necessarily imply doom for stocks; but Schwab continues to recommend investors keep their equity exposure at a level no higher than their long-term strategic allocation; while using volatility to consider rebalancing more frequently. Read more…
How To Pick A Medigap Plan — Medigap policies are designed to help pay for some of the costs that are not covered by Medicare Part A and Medicare Part B. “Original Medicare leaves deductibles, copays and coinsurance behind for the beneficiary to pay for approved medical care and services,” says Danielle K. Roberts, co-founder of the insurance agency Boomer Benefits in Fort Worth, Texas. With a Medigap policy, you could potentially save thousands of dollars in medical bills. Read more…
Not Having Long-Term Care Insurance Can Be The ‘Single Biggest Devastator’ Of Your Financial Plan”. About 60% of those turning 65 can expect to use some form of long-term care in their lives, according to the U.S. Health and Human Services Department. That may include a nursing home, assisted living or in-home care. Tom Henske, CFP and partner at New York-based Lenox Advisors, explains why the time to get long-term care insurance is now. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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