The current economic crisis was unexpected, but it hit quickly. Within a month, the stock market lost about a third of its value. Many investors were hit particularly hard. As states largely locked down, many workers saw their jobs evaporate without much warning. Some of these layoffs were temporary. Unfortunately, many people are still out […]
The recent global pandemic has caused many different types of economic fallout. It has resulted in many companies suspending the matching of their employee’s 401(k) contributions. The Plan Sponsor Council of America conducted a survey. It discovered over 20 percent of large companies and organizations are currently suspending their matching contributions. A report from the […]
mlumia Blog, The Medicare Minute 0
Between February of 2020 and June of 2020 the Dow Jones Industrial Index moved violently from around 27,000 down to below 20,000 and then very quickly back to around 25,000. Anyone watching those market movements surely had a great amount of fear sweep over themselves regarding their retirement savings and their ability to trust the […]
mlumia Blog, The Medicare Minute 0
Yesterday was World Elder Abuse Awareness Day. There can be many ways the elderly are abused by family or those close to them. Let’s look at abuse from a financial aspect. Financial abuse can be a complicated subject, but at its most basic level it involves taking advantage of an older adult through manipulation […]
mlumia Blog, The Medicare Minute 0
The ongoing COVID-19 global pandemic has disrupted life in countless ways. The health crisis has led many people to examine their own mortality and realize that they are not prepared for the end of life situations. As the crisis continues to rage on, it is more important than ever to make sure that your will […]
mlumia Blog, The Medicare Minute 0
In March 2020, the unemployment rate was 4.4 percent; just one month later the number had skyrocketed to 14.7 percent－the highest figure since the Great Depression of the 1930s. Some 29 million Americans are now temporarily or permanently out of work. COVID-19, the pandemic coronavirus, in many ways, has crippled the U.S. economy. The good－or […]
Estate Planning in a Pandemic The ongoing COVID-19 global pandemic has disrupted life in countless ways. The health crisis has led many people to examine their own mortality and realize that they are not prepared for the end of life situations. As the crisis continues to rage on, it is more important than ever to […]
mlumia Blog, The Medicare Minute 0
In March 2020, the Federal Government passed the CARES Act. This act, a result of the massive COVID-19 pandemic that has infected over one million Americans, was responsible for the establishment of a variety of federal aid designed to assist individuals throughout the country in getting through unemployment and the ongoing pandemic. The most well-known […]
mlumia Blog, The Medicare Minute 0
The history of the stock market is littered with examples of times when the market takes a dive downwards. However, there are a lot of reasons to believe that the latest market dive is one of the more extreme that most people have ever seen. Thus, it makes all the sense in the world that […]
mlumia Blog, The Medicare Minute 0
It appears the novel coronavirus is causing more than just damage to peoples’ health. This situation is causing some people to experience serious financial harm from scammers. They are taking advantage of individuals for their money. The targeted individuals (who are often uniformed) mistakenly feel they are being contacted by people who are well-intentioned. Scams […]
