Will the U.S. escape a global recession in 2023? Major financial institutions are offering predictions this week, as Forbes reports. • More seniors are choosing to live in CCRCs (Continuing Care Retirement Communities). Finding the right one takes asking the right questions, as Lisa Gerstner explains for Kiplinger. • You can save on healthcare and taxes if you act now. Sarah O’Brien of CNBC describes 4 ways to reduce costs before the January 1 deadline.
JPMorgan Forecasts ‘Mild Recession’ In 2023— Here’s What Major Financial Institutions Predicted This Week — Economists at JPMorgan expect the U.S. economy to contract by 0.5% in the fourth quarter of 2023, with the slowdown dragging further into 2024, Reuters reported. Most fund managers believe the U.S. will escape the worst effects of a global recession which they predict will have a bigger impact on the Euro zone and the United Kingdom. Read more…
Is A CCRC Right For You? — The core mission of a CCRC, or Continuing Care Retirement Community, is to provide a setting where retirees can shift from independent living to higher levels of care as they age. The care comes at a hefty price and the right choice requires research up front. Lisa Gerstner of Kiplinger describes how to evaluate a facility and make your decision. Read more…
4 Ways To Take Care Of Your Healthcare Expenses Before The End Of The Year — If you’ve reached your health plan’s deductible, you may be able to capitalize on that fact. Be sure you don’t let money in your health flexible spending account get forfeited. Depending on how high your expenses are and whether you itemize your deductions, you may be able to get a tax break. Read more…
John R. Day, Bill Ennis, and Matt Heller