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Search resuls for: "Mark Miller"


13 mentions found


☆ What to Do When Your 401(k) Leaves Something to Be Desired
  + stars: | 2024-04-19 | by ( Mark Miller | ) www.nytimes.com   time to read: +1 min
He creates pieces on his own from start to finish and enjoys that freedom. He has contributed the maximum allowable amounts to his employer’s 401(k) plan over the past two years and also topped out a Roth individual retirement account. “It seems like all that will be expensive, so I’m trying to get an early start on retirement savings while I can,” he said. His employer kicks in a generous 5 percent of his salary to the 401(k) no matter how much Mr. Gentry contributes. “I’m not sure how to determine at what point the fees become so expensive that the benefits of the 401(k) are outweighed by the fees.”
Persons: Chris Gentry, ”, Gentry, Roth, “ I’m Locations: Brooklyn, N.Y
☆ If You’re on Medicare, You Could Save Money on Drugs This Year
  + stars: | 2024-02-04 | by ( Mark Miller | ) www.nytimes.com   time to read: +1 min
It’s the best news that few people seem to know about: Prescription drug costs are falling this year for more than a million seniors — in many cases, by thousands of dollars. Its changes to Medicare, which will help people who are enrolled in the prescription drug coverage plans known as Part D, are significant. expands eligibility for financial assistance with Part D costs for low-income seniors. The law has also authorized Medicare to negotiate prices for expensive drugs with pharmaceutical companies for the first time. The first negotiations will be over 10 drugs, including the blood thinners Eliquis and Xarelto and the diabetes drugs Jardiance and Januvia.
Persons: Biden, Jardiance Organizations: Medicare
☆ When You Call Social Security, Expect to Wait Even Longer
  + stars: | 2023-12-02 | by ( Mark Miller | ) www.nytimes.com   time to read: +2 min
The overpayment problem has affected some of the most vulnerable beneficiaries: recipients of disability benefits and Supplemental Security Income, the program that supports very low-income Americans. A key cause of the problem is adjustments to benefits required under the law when a beneficiary’s income, work status or amount of assets change. is developing a system to tap third-party payroll data that will reduce reporting responsibilities of beneficiaries and improve efficiency. But a new report from the agency points to overpayment problems in the retirement and disability programs. Dr. Kijakazi notes that a review is underway to determine whether other procedural changes could address the broader overpayments problem.
Persons: Kijakazi, ”, “ Organizations: Congress, Social Security Locations: overpayments
☆ California healthcare provider's move shows pitfalls of Medicare Advantage
  + stars: | 2023-11-02 | by ( Mark Miller | ) www.reuters.com   time to read: +6 min
But Part D prescription drug or Medicare Advantage coverage should be reviewed. Medicare Advantage enrollment has grown quickly over the past decade, partly due to its all-in-one features and lower upfront costs. Medicare Advantage plans can drop healthcare providers from their networks - and that happens when providers and insurers cannot agree on contract terms. The Scripps decision marks a new twist: healthcare systems deciding to drop out of Medicare Advantage. During the annual enrollment period, it is possible to drop Medicare Advantage in favor of traditional, fee-for-service Medicare.
Persons: Scripps, Chris Van Gorder, ”, “, Sophie Exdell, Medigap, Exdell, Mark Miller, Matthew Lewis Organizations: Scripps Health, Diego, Medicare, Scripps, Health Insurance, Program, Reuters, Thomson Locations: San Diego , California, Southern California, San Diego, Connecticut, Maine , Massachusetts, New York, In California
☆ Column: US Medicare drug negotiations a good start on bringing down healthcare costs
  + stars: | 2023-08-31 | by ( Mark Miller | ) www.reuters.com   time to read: +6 min
And in 2025, a $2,000 annual cap on out-of-pocket costs for drugs under Medicare Part D takes effect. But drug costs are just one aspect of the healthcare cost problems confronting seniors. Inadequate protection from out-of-pocket costs across the Medicare program also poses a threat. Enrollees in fee-for-service Medicare can appeal direct to Medicare; in Medicare Advantage, the appeal process begins with your specific insurer. She also recommends that enrollees review their monthly statements that explain what healthcare services have been covered.
Persons: Biden, ”, Hector Ortiz, Sarah Murdoch, Murdoch, ” Murdoch, Joe Biden, Mark Miller, Matthew Lewis Organizations: U.S, drugmakers, Medicare, Consumer Financial Protection Bureau, Seniors, Medicare Rights Center, Center, Reuters, Thomson
☆ Social Security’s Next Cost-of-Living Raise Is Forecast Around 3%
  + stars: | 2023-07-28 | by ( Mark Miller | ) www.nytimes.com   time to read: +1 min
More than 74 million Americans can expect a healthy inflation adjustment to their Social Security benefits next year — just not as large as this year’s historic 8.7 percent raise. The recent slowdown in inflation points to a 2024 Social Security cost-of-living adjustment, or COLA, of around 3 percent, according to a forecast by the Senior Citizens League. “A 3 percent COLA would be nothing to sneeze at.” Other estimates point to a possible raise of just over 3 percent. The COLA is a crucial feature of Social Security that helps seniors and other beneficiaries keep up with inflation. The Social Security Administration will announce the COLA in October, after September inflation data is released.
Persons: —, Mary Johnson, ” Organizations: Social Security, Senior Citizens League, Medicare
☆ States Try Easing the Burden of Long-Term Care’s High Cost
  + stars: | 2023-06-16 | by ( Mark Miller | ) www.nytimes.com   time to read: +1 min
Paying for such long-term care presents retirees with difficult choices. Private long-term care insurance policies are complicated and expensive. Medicaid, which insures low-income people, pays for long-term care only when a patient’s assets have been almost completely spent. “You’re going to have to raise the payroll tax. You can call it a contribution or whatever you want, but politicians look at it and they see a tax increase — and they say forget about it.”
Persons: It’s, Howard Gleckman, there’s, ” Mr, Gleckman, “ You’re, ” Organizations: D.C, Urban Institute, Solutions Locations: Washington
☆ Shell company stock hijacker Mark Miller sentenced to year in prison
  + stars: | 2023-05-18 | by ( Dan Mangan | ) www.cnbc.com   time to read: +5 min
Lengeling told Doty it "felt like we got punched in the gut, quite frankly" when he recently learned prosecutors were asking that Miller spend a year in prison for the penny stock scheme. In addition to his prison term, which Miller is expected to start serving in August, Doty sentenced Miller to two years of supervised release after he completes his time locked up. Miller and Jaberian, as well as an unidentified person related to Miller, became the nominal CEOs and presidents of the targeted companies, prosecutors say. Miller voluntarily dropped a suit related to efforts to take over New World Gold soon after CNBC reported his involvement with that company. Doty sentenced him on May 10 to two years of probation.
☆ Column: Inflation and the markets take a bite out of retirement confidence
  + stars: | 2023-05-02 | by ( Mark Miller | ) www.reuters.com   time to read: +6 min
But persistent inflation and last year’s sharp stock market decline have shaken the confidence of American workers and retirees about their retirement prospects in a way not seen since 2008. That is the key finding of the 2023 Retirement Confidence Survey - the longest-running survey of its kind measuring worker and retiree confidence. But inflation affects everyone, and it is a constant risk factor in retirement plans - even when it is not making headlines. For starters, most retirees depend on Social Security for a substantial portion of retirement income - and it comes with built-in inflation protection. This year, the COLA was a whopping 8.7%, the largest inflation adjustment in four decades.
☆ Column: The new US Social Security forecast: what it means for retirees
  + stars: | 2023-04-04 | by ( Mark Miller | ) www.reuters.com   time to read: +6 min
But if the headlines stemming from the annual report of the Social Security trustees jangled you, take a deep breath. The report, released on March 31, forecasts that the Social Security retirement trust fund reserves will be depleted in 2033. What does the new Social Security forecast mean for current and future retirees? But the trust fund also can accumulate balances when Social Security runs surpluses, as has been the case for the last several decades. A: Social Security collects FICA contributions only up to a certain level of wages - $160,200 this year.
☆ Column: Where to park the 401(k) when you switch jobs or retire
  + stars: | 2023-02-09 | by ( Mark Miller | ) www.reuters.com   time to read: +5 min
When you change jobs or retire, you have three basic choices: leave your retirement account where it is, roll it over to a new employer or move it to a standalone individual retirement account (IRA). When does it make sense to leave a 401(k) plan behind? A rollover can make sense if you are in a 401(k) plan with poor investment choices or high fees. FOCUS ON THE FEESPew analyzed the difference between average institutional and retail share class expense ratios across all mutual funds that offered at least one institutional share class and one retail share class in 2019. There is also a case to be made for staying in your 401(k) plan - especially if you work for a large employer.
☆ Top Wall Street analysts say buy these stocks in a challenging 2023
  + stars: | 2022-12-25 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +6 min
related investing news Analysts' favorite growth stocks for 2023 include two electric vehicle charging companies expected to double Goldman Sachs unveils its top buy-rated stocks for 2023 A long-term focus allows investors to tune out the noise from daily volatility and focus on building a strong portfolio. Here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. "While a softer 2023 is expected, Nova expects to once again outpace WFE spending," said Miller. MetaComing to yet another one of White's favorite stocks, Meta Platforms (META), the analyst remained bullish with a buy rating and a $150 price target. The company is wrapping up a difficult year full of challenges, which are expected to carry over into 2023.
☆ Top Wall Street analysts bet on these stocks to beat market volatility
  + stars: | 2022-11-13 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +6 min
In this article AAPLORLYCARSVECOSBUX Follow your favorite stocks CREATE FREE ACCOUNTApple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Chatterjee reiterated his buy rating as well as his $200 price target on Apple. (See Cars Hedge Fund Trading Activity on TipRanks) The analyst highlighted the momentum in the adoption of Cars.com's Digital Solutions. Ranked 68th in an over 8,000-strong database of analysts on TipRanks, Prestopino has delivered profitable ratings 57% of the time. The analyst reiterated a buy rating on the stock with a price target of $25.
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