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So far Mackey Advisors has created 137 blog entries.

Quiet Markets Turn Scary…Create Opportunity

By | 2018-02-06T14:30:47+00:00 February 6th, 2018|Categories: Personal Planning|Tags: , , , , |

If you haven’t been paying close attention to investment markets, you might be now.  While the investment world spent the year 2017 plodding steadily upward with relatively low volatility, the New Year has brought with it over-exuberance in January followed by mild panic in February.  Needless to say, markets have definitely caught our attention over the [...]

Tax Cuts and Jobs Act: 529 Plans Expand

By | 2018-02-01T13:52:00+00:00 February 1st, 2018|Categories: Personal Planning|Tags: , , , , , , |

In December 2017, the Tax Cuts and Jobs Act, a sweeping $1.5 trillion tax-cut package, became law. College students and their parents dodged a major bullet with the legislation, as initial drafts of the bill included the elimination of Coverdell Education Savings Accounts, the Lifetime Learning Credit, and the student loan interest deduction. Also on the [...]

Tax Cuts and Jobs Act: Impact on Businesses

By | 2018-01-11T19:55:52+00:00 January 11th, 2018|Categories: On Our Minds|Tags: , , , , |

The Tax Cuts and Jobs Act, a $1.5 trillion tax cut package, was signed into law on December 22, 2017. The centerpiece of the legislation is a permanent reduction of the corporate income tax rate. The corporate rate change and some of the other major provisions that affect businesses and business income are summarized below. Provisions [...]

What Will You Pay for Medicare in 2018?

By | 2017-12-28T14:28:40+00:00 December 1st, 2017|Categories: On Our Minds|Tags: , , , , |

The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium in 2018 will remain $134 (or higher, depending on your income). In 2017, most Medicare beneficiaries who received Social Security benefits paid a lower monthly premium ($109, on average). However, this is likely to change in 2018. Due to [...]

Proposed Tax Reform Legislation

By | 2017-12-27T21:14:47+00:00 November 21st, 2017|Categories: On Our Minds|Tags: , , , |

On November 2, 2017, House Republicans released their comprehensive tax reform plan, the Tax Cuts and Jobs Act. Then, on November 9, 2017, Senate Republicans released their own plan. The two plans have much in common, but also have significant differences. Some key provisions of these tax proposals are discussed below. Of course, provisions may change [...]

Medicare Open Enrollment Begins October 15

By | 2017-10-12T14:49:29+00:00 September 29th, 2017|Categories: Personal Planning|Tags: , , , , |

What is the Medicare open enrollment period? The Medicare open enrollment period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plans typically change what the plans cost and cover. In addition, your health-care needs may have changed over the past year. [...]

The Equifax Data Breach

By | 2017-09-14T14:08:45+00:00 September 14th, 2017|Categories: On Our Minds|Tags: , , , , , |

On September 7, 2017, Equifax, one of the three main credit reporting agencies, announced a massive data security breach that exposed vital personal identification data — including names, addresses, birth dates, and Social Security numbers — on as many as 143 million consumers, roughly 55% of Americans age 18 and older.1 This data breach was especially [...]

Social Security and Medicare Trustees Reports: Financial Challenges Continue

By | 2017-07-26T19:14:22+00:00 July 27th, 2017|Categories: Personal Planning|Tags: , , , , , , |

Every year, the Trustees of the Social Security  and Medicare Trust Funds release reports to Congress on the current financial condition and projected financial outlook of these programs. The newest reports, released on July 13, 2017, discuss the ongoing financial challenges that both programs face, and project a Social Security cost-of-living adjustment (COLA)  for 2018. What [...]

November 1 Kicks Off Open Enrollment for Health Marketplaces

By | 2016-10-26T17:59:17+00:00 October 26th, 2016|Categories: On Our Minds, Uncategorized|Tags: , , , , |

Beginning November 1, 2016, individuals (including their families) may apply for new health insurance or switch to a different health-care plan through a Health Insurance Marketplace. The open enrollment period ends January 31, 2017. Individuals can use Health Insurance Marketplaces to compare health plans for benefits and price, and select a plan that fits their needs. [...]

Medicare Open Enrollment Begins October 15, 2016

By | 2017-05-09T22:14:00+00:00 October 7th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , |

Medicare open enrollment period allows you to make changes to your current plan.  What is the Medicare open enrollment period? The Medicare open enrollment period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plans typically change what they cost and cover. [...]