{"id":2544,"date":"2022-10-03T18:09:59","date_gmt":"2022-10-03T18:09:59","guid":{"rendered":"https:\/\/www.retirementrefined.com\/?p=2544"},"modified":"2022-10-03T18:27:03","modified_gmt":"2022-10-03T18:27:03","slug":"medicare-part-b-to-drop-in-2023","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/medicare-part-b-to-drop-in-2023","title":{"rendered":"Medicare Part B to drop in 2023<\/strong>"},"content":{"rendered":"\n

Looking for something positive to write about!!!! <\/p>\n\n\n

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Medicare Part B premiums<\/strong> will decrease<\/strong> to $164.90\/month, beginning in January 2023.\u00a0 Also being reduced<\/strong> slightly, is the Income Related Monthly Adjustment<\/strong> (IRMA) charge that so many of you pay.\u00a0 The income brackets are also being expanded.\u00a0 We will be sending out of 2023 \u201cpreliminary\u201d Key Financial Data<\/strong> summary shortly.\u00a0 The Key Financial Data will summarize your potential Medicare expenses.\u00a0 As always, you can find the Key Data on our website here<\/a>. <\/p>\n\n\n\n

In addition, the annual deductible for Part B will decrease<\/strong> by $7.00 in 2023. Annual deductible will be $226. <\/p>\n\n\n\n

The reason for the decrease in premiums and other parts was the estimated increase going into 2022 was overstated.\u00a0 Costs have certainly not gone down.<\/p>\n\n\n\n

For example, our group health plan renews on November 1st<\/sup>, with a whopping 14% increase in premiums.<\/p>\n\n\n\n

To discuss your Medicare premium situation, please feel free to reach out to our office<\/a>. <\/p>\n\n\n\n

Celebrities Endorsing Investments<\/strong><\/p>\n\n\n\n

I find it hard to believe<\/strong> that I am even mentioning Kim Kardashian<\/strong>….\u00a0 Early this morning, it was reported that she is being fined by the SEC over $1 million<\/strong> for a crypto-currency promo she did via Instagram. Apparently, the actual reason for the fine is non-disclosure of how much she was paid for the promo and the source. She was paid a mere $250k.<\/p>\n\n\n\n

Quite frankly<\/strong>, celebrities (whether actors or sports figures) should be banned<\/strong> from endorsing any type of investment that has the potential to lose value.\u00a0 It\u2019s bad enough so many young voters will vote based on their favorite celebrity\/influencer’s opinion of what\u2019s best for our country.\u00a0<\/p>\n\n\n\n

4th<\/sup> Quarter \u2013 Thank Goodness?<\/strong><\/p>\n\n\n\n

We are certainly glad the 3rd<\/sup> quarter is now behind us<\/strong>!\u00a0 The 4th<\/sup> quarter<\/strong> has been up over 80% of the time, with average gains of approximately 4.6%.\u00a0 Let\u2019s hope this 4th<\/sup> quarter is a positive one! <\/p>\n\n\n

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Having a positive 4th<\/sup> quarter will not be a layup, be any <\/em>means.<\/p>\n\n\n\n

Last week<\/strong>, we heard the Fed\u2019s favorite inflation gauge, the core PCE, rose to 4.9%<\/strong> in August (up from 4.6% in July<\/strong>).\u00a0 The good news – that August data is over 1 month old.\u00a0 Going forward, all inflation reports will have a significant impact.\u00a0 Let\u2019s hope the Fed\u2019s extremely late, yet aggressive tightening, will show up in the numbers soon.\u00a0<\/p>\n\n\n\n

On Friday<\/strong>, we\u2019ll hear the jobs number from September<\/strong>.\u00a0 The consensus is for a rise in new jobs by 225k, down from 315k in August.\u00a0 It seems “un-American” to hope for a negative jobs number, however something will need to slow the Fed.<\/p>\n\n\n\n

On Wednesday, OPEC meets with the rumor<\/strong> – they want to now decrease output which will of course, put upward pressure on oil\/gasoline.\u00a0 I\u2019m simply amazed that in 2022, we still even care about OPEC<\/strong>.\u00a0 I\u2019m sure you know what I\u2019m referring to.\u00a0 Regardless of political affiliation, most clients I speak with believe we should have been truly energy-independent years ago.\u00a0 We should also be in a position to help our allies over the pond, and make profits from doing so.<\/p>\n\n\n\n

For me, the telling tale for the market will start in a couple of weeks<\/strong>, when 3rd<\/sup> Quarter profit reports start being released.\u00a0 The speculation is, how far profit estimates need to be reduced because of the Fed raising rates\/slowing the economy.\u00a0If profit estimates are significantly reduced, equity prices will have more room to drop.<\/p>\n\n\n\n

The next Fed meeting <\/strong>will be on November 2nd<\/sup>, with mid-term elections immediately thereafter. <\/strong><\/p>\n\n\n\n

The good news is that each week, we are one week closer to getting through the current economic\/market situation.\u00a0 As my glass is temporarily half-empty, my confidence is very high that it will soon become half-full! <\/p>\n\n\n\n

<\/p>\n\n\n\n

Loving Our Blog Posts?<\/strong> Feel free to share <\/a>with any family & friends who may find value! <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Looking for something positive to write about!!!! Medicare Part B premiums will decrease to $164.90\/month, beginning in January 2023.\u00a0 Also being reduced slightly, is the Income Related Monthly Adjustment (IRMA) charge that so many of you pay.\u00a0 The income brackets are also being expanded.\u00a0 We will be sending out of 2023 \u201cpreliminary\u201d Key Financial Data […]<\/p>\n","protected":false},"author":3,"featured_media":2547,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/2544"}],"collection":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/comments?post=2544"}],"version-history":[{"count":3,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/2544\/revisions"}],"predecessor-version":[{"id":2550,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/2544\/revisions\/2550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media\/2547"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=2544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=2544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=2544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}