{"id":461,"date":"2020-11-16T00:00:00","date_gmt":"2020-11-16T00:00:00","guid":{"rendered":"https:\/\/www.retirementrefined.com\/index.php\/2020\/11\/16\/vaccine-news\/"},"modified":"2020-11-16T00:00:00","modified_gmt":"2020-11-16T00:00:00","slug":"vaccine-news","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/vaccine-news","title":{"rendered":"Vaccine News!"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>Vaccine News Propelling Markets!<\/strong><\/p>\n<p>The popular consensus is that former Vice-President Biden is the president-elect and the republicans will hold the Senate leaving a split congress.\u00a0 Most market forecasters believe this is a perfect cocktail for more stock market gains.<\/p>\n<p>Now, both Pfizer and Moderna have vaccines that look to be over 90% effective.\u00a0 The news is suggesting that those who desire to be vaccinated, should all be able to so by mid-2021. <img fetchpriority=\"high\" decoding=\"async\" class=\"alignright  wp-image-4514\" src=\"https:\/\/www.retirementrefined.com\/wp-content\/uploads\/2022\/01\/shutterstock_1767084407.jpg\" alt=\"\" width=\"393\" height=\"262\" \/><\/p>\n<p>Last week stocks (other than technology) surged with the Dow rising 4.19%, the S&amp;P 500 2.21%, and the Russell 2000 small caps playing catch up, increasing by 6.13%.<\/p>\n<p>Technology, which has led this market for approximately 3 years now, retreated (.53%).\u00a0\u00a0 Being cooped up at home &amp; stimulus has certainly led to increased spending in several areas of technology.\u00a0 The thought is once we are able to resume full recreational activities, we will&#8230;. so the \u201cother\u201d stocks are now moving higher.<\/p>\n<p>With new Covid-19 cases surging, as expected, market participants should be hopeful and thankful we appear to be making true progress in placing this issue in the rear-view mirror.<\/p>\n<p style=\"text-align: center;\"><strong>Medicare Costs Rising Slightly for 2021<\/strong><\/p>\n<ul>\n<li>Part B increasing from 144.60\/month to 148.50, a 2.7% increase.<\/li>\n<li>Part D prescription drug programs are rising by an average of 8% from $41 to $58\/month. (If you have not shopped your drug program for 2021, you have until December 7th).\u00a0 <em><strong>This is a must!!!<\/strong><\/em><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"wp-image-4425 alignleft\" src=\"https:\/\/www.retirementrefined.com\/wp-content\/uploads\/2022\/01\/shutterstock_389134900-1-scaled.jpg\" alt=\"\" width=\"358\" height=\"238\" \/><\/p>\n<ul>\n<li>Part A Hospitalization deductible increasing from $1408 to $1484. This is for those who do not have either a Medicare Supplement, or a Medicare Advantage Plan.\u00a0 To watch our short video on Medicare Advantage, <a href=\"https:\/\/www.youtube.com\/watch?v=niU5HNHwWlI\" target=\"_blank\" rel=\"noopener\">click here.<\/a><\/li>\n<li>Medigap is expected to increase on average by 5%. This information should be forthcoming.<\/li>\n<li>Medicare Advantage Plan premiums have actually decreased as insurance companies have been reaping large profits from theses plans &#8212; (comments on this in a future blog)<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><strong>Required Minimum Distributions RMD<\/strong><\/p>\n<p>We\u2019ll probably find out early next year, whether or not 2021 RMD requirements are waived as in 2020.<\/p>\n<p>Looking a little farther out, beginning in 2022 the percentage you\u2019ll have to withdraw is going down, as the factors used to determine your %\u2019s is changing.\u00a0 For example, someone age 72 in 2022 with an IRA account valued at 300K on 12\/31\/2021 would have to take out $11,719 in 2022, using the current tables.\u00a0 The new tables will reduce that amount to $10.949, a drop of approximately 6.5%. <img decoding=\"async\" class=\"wp-image-4516 alignright\" src=\"https:\/\/www.retirementrefined.com\/wp-content\/uploads\/2022\/01\/shutterstock_1743230939.jpg\" alt=\"\" width=\"358\" height=\"239\" \/><\/p>\n<p>This should enable many taxpayers to withdraw less, paying less in taxes and leaving more funds to continue to grow tax-deferred. This may also increase the appeal of doing Roth Conversions.<\/p>\n<p>This is perfect time of the year to discuss Roth Conversions for 2020.\u00a0 If you would like to schedule a Zoom or phone call, please feel free to <a href=\"Ellen@RetirementRefined.com\">email us<\/a> or give Ellen a call (856-354-3200 ext. 205).<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vaccine News Propelling Markets! The popular consensus is that former Vice-President Biden is the president-elect and the republicans will hold the Senate leaving a split congress.\u00a0 Most market forecasters believe this is a perfect cocktail for more stock market gains. Now, both Pfizer and Moderna have vaccines that look to be over 90% effective.\u00a0 The [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":462,"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":[29,10,7,9,4,30,3,27,25,11,13,31,18],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/461"}],"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=461"}],"version-history":[{"count":0,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media\/462"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}