Kaizen Capsules

What changed for you in 2019? Did you start a new job or leave a job behind? Did you retire? If notable changes occurred in your personal or professional life, then you will want to review your finances before this year ends and 2020 begins.

IN THIS MONTH’S RECAP:

If you own an Individual Retirement Account (IRA), perhaps you have heard about Roth conversions. Converting your traditional IRA to a Roth IRA can make a lot of sense depending on your situation.

Have a home-based business? Have a teen driver? Consider umbrella insurance.

If you arrange a mortgage, your lender will want you to have homeowners insurance. This coverage is critical for protecting your home and personal property against various potential liabilities.

Q3 QUARTER’S RECAP

• U.S. and China trade uncertainties remain but both sides indicate desire to negotiate
• The Federal Reserve cuts short-term interest rates a quarter percent
• Global equities experienced a fair amount volatility and ended the summer mixed

After initially signing up for Medicare, there are two times each year that you can make changes to Medicare coverage for Parts C and D:

I thought you may find this wealth calculator interesting. It is part of a New York Times series Are You Rich?, and ranks both your income and your wealth based on data collected by the US Census Bureau^1,2.

The growth of exchange-traded funds (ETFs) has been explosive. In 1998, there were only 29; at the end of 2018, there were over 1,900 investing in a wide range of stocks, bonds, and other securities and instruments.¹