Showing posts with label health care cost. Show all posts
Showing posts with label health care cost. Show all posts

Sunday, June 24, 2007

Minutes from 24JUN2007

HOW MUCH TO SAVE

How much is a personal decision.



75-80% of your salary according to Mike, Vere has heard 40%

Merck has a good match-75cent to the dollar. Don't count on the pension.



Don't count on SS, pension, etc. This are personal opinions.



Bonds are safe, a company must pay back bonds before paying stocks.



HEALTH INSURANCE

fidelity.com

Medical inflation rate is difficult to determine-default 6%

270,000 saved for healthcare in today's dollars.

PA has $200,000 asset limit for nursing homes-if you turn everything over with a minimum of $200K in assets, you can stay at the nursing home until you die.


ANNUITIES

questions about dividends, tax rate, how do they figure out how long you will live-do you have any say about it, fees are about the same as the inflation rate.