Health Insurance

SOA Offers Consumer-Oriented Content for Retirement Decisions

The Society of Actuaries (SOA) just published a series of short whitepapers or “briefs” that focus on some of the major decisions that are encountered by retirees. This is a great resource for consumers who are seeking objective content produced by experts. The Society has clearly made efforts to create content that is accessible to a non professional audience. The briefs are clear, short and focus on consumer -relevant topics such as “when should I retire.” There are 11...

Five Questions for Don McNay

Don MaNay is a financial columnist, a Huffington Post contributor and an expert in the field of structured settlements. 

Don’s financial guidance is refreshingly straightforward, filled with good common sense, and geared towards a Main Street audience.  His most recent book is titled Wealth Without Wall Street: A Main Street Guide to Making Money. 

We had an opportunity to speak to Don about his financial practice and his most recent book.  


Purple Health Plan Focuses on Entitlement Reform

Boston University Economics Professor Laurence Kotlikoff has provided a conceptual alternative to Medicare, and he is seeking support of the new health care initiative in the form of endorsements of The Purple Health Plan.

Kotlikoff provides frequent commentary on the dire state of government finances in the United States.  Health care spending and Medicare are fundamental drivers of this fiscal distress, and Professor Kotlikoff is seeking consensus on viable alternatives to Medicare.

The Purple Health Plan seeks to cap the government's liability by turning the defined benefit Medicare program into a voucher-based defined contribution system.

Additional features of the proposed health plan...

5 Reasons to Question the Recent Indexed Annuity Article in Bloomberg

An article on indexed annuities appeared in Bloomberg yesterday (click here to read).

The article is substantive and comes from a credible source.  It is provides a good explanation of why surrender fees need to be a front-and-center consideration for any consumer considering the purchase of an...

Healthcare Reform Provides Insurance in Name Only

After a tough couple of years for former Federal Reserve Chairman Alan Greenspan and in an era when the phrase affordable health insurance seems like an oxymoron, it is time to provide some credit where credit is due.

Chairman Greenspan hit the nail on the head in his recent book The Age of Turbulence.

The following are Greenspan’s comments regarding entitlement spending and the healthcare system:

The bottom line in the success of all retirement systems is the availability of real resources at retirement…The financial arrangements associated with retirement facilitate the diversion of resources that make possible the consumption of goods and services after retirement, but