Nerd's Eye View

FEBRUARY 15, 2023

One such strategy is to advise clients to keep track of any qualified medical expenses they incur after establishing the HSA – even those that are paid for from funds outside the HSA. Health Savings Accounts (HSAs) feature useful tax advantages that make them a popular savings vehicle.

Distribution 246

Distribution Taxes Medical Accounting 246

Nerd's Eye View

NOVEMBER 9, 2022

Notably, funds in an HSA that are withdrawn for any reason other than for qualified medical expenses before age 65 are subject to a 20% early withdrawal penalty. After age 65, though, there is no penalty, and funds can be used for any reason (but are treated as taxable ordinary income if not used for qualified medical expenses).

Accounting 246

Accounting Taxes Healthcare Medical 246

The Chicago Financial Planner

OCTOBER 21, 2021

According to Fidelity an average couple both aged 65 will spend $300,000 on medical costs in retirement. The HSA will be a separate medical savings account into which the employee or private policy holder can contribute money during the year. Qualified medical expenses . Most medical and dental expenses. Vision care.

Retirement Planning 193

Retirement Planning Accounting Retirement Planning 193

Abnormal Returns

JULY 13, 2024

nature.com) Technology How drones are delivering emergency medical supplies. theconversation.com) Public health A gift from Michael Bloomberg will make tuition free at John Hopkins medical school. reasonstobecheerful.world) How to make satellites out of wood. theconversation.com) Six ways to be more resilient.

Food 265

Food Medical Financial Advising Media 265

Nerd's Eye View

OCTOBER 9, 2024

And gifts of tuition payments made directly to an educational institution or medical expenses paid directly to a medical provider are exempt from both the annual exclusion and the lifetime exemption, meaning that these can generally be made ‘tax-free’ regardless of amount.

Taxes 244

Taxes Medical Clients Education 244

Abnormal Returns

FEBRUARY 1, 2024

on.ft.com) The NFL's highly touted concussion settlement is 'routinely failing to deliver money and medical care to former players suffering from dementia and CTE.' (unchartedterritories.tomaspueyo.com) Why longevity research has largely bypassed women to-date. wapo.st) Why local news coverage in the U.S. is suffering. noemamag.com)

Startup 259

Startup Medical Marketing Marketing 259

Abnormal Returns

OCTOBER 6, 2023

bbc.com) Just a reminder that vaccines are a modern medical miracle. (sixcolors.com) Vaccines How research into mRNA vaccinations very nearly didn't happen. vox.com) A second vaccine has been approved to combat malaria. kottke.org) Going green You really don't need to rinse your dishes before putting them in the dishwasher.

Financial Advising 279

Financial Advising Medical Economy Retail 279

The Big Picture

JANUARY 10, 2024

They don’t consider what your problem, medical problem might be. They consider multiple medical problems and try to figure out what rules in this medical problem, what rules out these other medical problems. don’t make diagnoses. They do differential diagnoses.

Medical 290

Medical Economics Insurance Investing 290

Abnormal Returns

AUGUST 8, 2023

mrzepczynski.blogspot.com) C-suite How the stock ownership of medical device company CEOs affects recalls. (capitalspectator.com) How ChatGPT can suss out information in company filings. marginalrevolution.com) Quants have beliefs: in their systems not a narrative. wsj.com) Why do investors vote against corporate directors?

Marketing 246

Marketing Marketing Medical Economics 246

Abnormal Returns

DECEMBER 31, 2023

avc.com) Health care In a study, private equity-owned hospitals have higher rates of serious medical complications. (twitter.com) The tide went out in 2023 exposed all manner of poor prior decisions. semilshah.com) The AI chatbot changed the world in 2023. nytimes.com) Why prices can vary so much by hospitals in the same geography.

Financial Advising 285

Financial Advising Medical Economy Economics 285

Abnormal Returns

NOVEMBER 8, 2023

nytimes.com) Amazon ($AMZN) is going wide with offers for One Medical membership. (notboring.co) OpenAI is laying out a path forward for a sustainable business. stratechery.com) Meta ($META) has a path forward for WhatsApp profitability. engadget.com) Apple How Apple ($AAPL) Macs could enter the AI conversation.

Financial Advising 279

Financial Advising Medical Banking Media 279

The Big Picture

NOVEMBER 17, 2022

The Fed should learn from those ancient medical mistakes. Bloodletting, leeches, trepanation, and even Mercury were forms of “medicine” used by doctors who had little idea as to how the human body worked and did not know what was actually wrong with patients, but “did harm” anyway.

Medicine 363

Medicine Economics Medical Economy 363

The Big Picture

MARCH 9, 2024

How a 93-year-old woman made a Bronx medical school tuition-free using Berkshire Hathaway stock. And at the lessons learned. Markets ) • The Friendship With Warren Buffett That Led to Her $1 Billion Donation : ‘I’ve never seen anybody behave better with a billion dollars.’ Here’s How They’re Holding Up.

Medical 305

Medical Banking Food Management 305

The Big Picture

MAY 24, 2023

Curious that medical expenses are the biggest driver of bankruptcy in the United States but not in other wealthy Democracies. The media loves this issue — I find it to be a fair question but I dislike how the Press simultaneously sensationalizes it, and yet never seems to address the underlying causes.

Medical 289

Medical Media Economics Retirement 289

Abnormal Returns

JANUARY 24, 2023

bloomberg.com) Amazon ($AMZN) has launched RxPass to provide generic medications for Prime users. (cnbc.com) Eli Lilly ($LLY) is building a new plant which is another sign that demand for obesity drugs just keeps going up. techcrunch.com) Work Walmart ($WMT) is raising its minimum wage from $12 to $14/hour.

Financial Advising 245

Financial Advising Advertising Medical Media 245

Nerd's Eye View

DECEMBER 13, 2023

Specifically, HSAs offer a "Triple Tax Benefit" that includes tax-deductible contributions, tax-deferred growth, and tax-free withdrawals for qualified medical expenses. This can allow individuals to save a significant amount that can be withdrawn tax-free for medical expenses later in retirement.

Retirement 246

Retirement Medical Taxes Planning 246

Abnormal Returns

NOVEMBER 2, 2022

fortunesandfrictions.com) Medical knowledge builds on itself. Strategy Investing is ultimately based on optimism. Financial knowledge not so much. collabfund.com) Five arguments against a value stock revival. blog.validea.com) Companies CVS and Walgreen's are likely to walk away from the opioid crisis without admitting culpability.

Portfolio 245

Portfolio Financial Advising Medical Retail 245

Abnormal Returns

APRIL 28, 2023

artofmanliness.com) Derek Thompson talks all things sleep with Dr. Jade Wu author of "Hello Sleep: The Science and Art of Overcoming Insomnia Without Medications." open.spotify.com) James Pethokoukis talks with Sonny Burch about why Hollywood loves to make dystopian movies.

Medical 246

Medical Investing Investments Management 246

Abnormal Returns

JANUARY 4, 2024

theguardian.com) The story of a writer's (undiagnosed) medical nightmare. (bloomberg.com) US Steel's ($X) history has been one of disappointment. construction-physics.com) Is phone addiction a real thing? nymag.com) Why sports gambling needs to be reined in. slowboring.com) Travis Kelce is now a household name. nytimes.com)

Medical 163

Medical Planning 163

Abnormal Returns

JANUARY 1, 2023

politico.com) Is erasing medical debt just a short-term fix? (on.ft.com) Hospitals When it comes to expansion, non-profit hospitals are bypassing poor neighborhoods for wealthy ones. wsj.com) Cyberattacks on hospitals cost lives in 2022. nytimes.com) Policy Jane C.

Financial Advising 279

Financial Advising Medical Economics Government 279

Abnormal Returns

APRIL 27, 2024

sherwood.news) Health Free medical school tuition will not magically mitigate the shortage of primary care physicians. (bloomberg.com) Technology The Apple ($AAPL) Vision Pro is selling slower than originally thought. spyglass.org) Companies really don't care about your data privacy. om.co) Is the Rabbit R1 worth it?

Transportation 276

Transportation Food Financial Advising Medical 276

Nerd's Eye View

OCTOBER 29, 2024

In this episode, we talk in-depth about how Travis originally developed his specialization of student loan planning through first correcting the misinformation given to his (now-)wife and her friends in the medical field (and realized that he could give high value to a chronically underserved population), how Travis first started his student loan consulting (..)

Consulting 243

Consulting Clients Financial Planning Compensation Planning 243

Abnormal Returns

SEPTEMBER 28, 2024

sciencedaily.com) Some evidence that people on semaglutide medications are at lower risk for opioid overdose. (wsj.com) Data centers are set to grow up, not just out. wsj.com) Opioids Higher buprenorphine doses are associated with fewer overdoses. statnews.com) Health Why the super-centenarian data is suspicious.

Financial Advising 275

Financial Advising Transportation Medical Engineering 275

Wealth Management

JUNE 2, 2023

The regulator settled with Park Avenue Securities, alleging the firm didn’t properly supervise an unnamed rep for his outside business activities, despite numerous “red flags.”

Medical 111

Medical 111

The Big Picture

OCTOBER 15, 2022

There Are No ‘Five Stages’ of Grief : An expert in medical evidence looks at the science of loss. . • The Improbable Rise and Savage Fall of Siegfried & Roy : At the peak of their fame, they were arguably the most famous magicians since Houdini. ( The Atlantic ). The Atlantic ). What Is It Like to Have a Brain?

Medical 297

Medical Financial Advisor Education Assets 297

Abnormal Returns

JULY 13, 2022

morningstar.com) Much of medical debt is being removed from credit reports. (wealthfoundme.com) Things to consider when hiring a financial advisor. whitecoatinvestor.com) On the lifecycle of an individual investor. eightyfour.substack.com) Five things to do with leftover 529 account funds. wsj.com) How a HECM mortgage works.

Estate Planning 187

Estate Planning Medical Financial Advisor Planning 187

Abnormal Returns

FEBRUARY 26, 2023

morningstar.com) Medical debt plays a big role in why the South has lower credit ratings on average. (noahpinion.substack.com) Why we should rebrand President's Day for Abraham Lincoln. rogerlowenstein.substack.com) Policy John Rekenthaler, "In short, the Social Security “crisis” is an unhelpful construction."

Ethics 243

Ethics License Financial Advising Startup 243

Abnormal Returns

NOVEMBER 4, 2023

statnews.com) How GLP-1 drugs could affect medical technology companies. (newscientist.com) Face masks work. Why are they controversial? newscientist.com) Health The infant death rate in the U.S. rose in 2022. biopharmadive.com) How high temperatures affect heart health.

Medicine 300

Medicine Financial Advising Transportation Medical 300

Abnormal Returns

MAY 25, 2024

arstechnica.com) When you take a prescription medication matters. (nytimes.com) New dads experience brain changes as well. fastcompany.com) Health The evidence keeps piling up that gas stoves are not great for human health. newatlas.com) Context matters when it comes to a doctor's appointment.

Food 270

Food License Financial Advising Media 270

The Big Picture

JANUARY 25, 2023

Grid ) • Long Covid Is Keeping Significant Numbers of People Out of Work, Study Finds : An analysis of workers’ compensation claims in New York found that 71 percent of claimants with long Covid needed continuing medical treatment or were unable to work for six months or more. ( 6 committee’s legacy.

Wealth Management 294

Wealth Management Medical Engineering Management 294

A Wealth of Common Sense

MAY 9, 2024

Your favorite tax expert Bill Sweet joined me on the show again this week to discuss questions about downshifting your risk as you approach retirement, the most tax-efficient way to pay for a medical procedure, when DIY investors should consider an advisor, the Rule of 55 and how to prepare for taxes in retirement.

Medical 141

Medical Retirement Taxes 141

Nerd's Eye View

AUGUST 23, 2024

District Court this week ruled that Missouri's rules that targeted investment advice based on factors other than return maximization was unconstitutional and preempted by Federal law, striking a blow against state efforts to regulate the activities of SEC-registered advisers From there, we have several articles on retirement: 7 factors that can help (..)

Financial Planner 245

Financial Planner Retirement Estate Planning Clients 245

Carson Wealth

SEPTEMBER 5, 2024

Part B (Medical Insurance): Covers certain doctors’ services, outpatient care, medical supplies, and preventive services. Consider your medical history and any ongoing conditions. What type of medical services do I anticipate needing in the future? These “bundled” plans include Part A, Part B, and usually Part D.

Healthcare 141

Healthcare Medical Planning Retirement 141

Nerd's Eye View

NOVEMBER 4, 2022

In addition to an announced decline in Medicare Part B premiums for 2023, advisors have a range of other ways to save clients money on medical costs in the coming year. Pundits continue to expect “SECURE 2.0” ” to pass by the end of the year, while passage of other proposed tax measures appears to be less likely.

Financial Planner 240

Financial Planner Financial Advisor Retirement Planning Medical 240

Wealth Management

DECEMBER 8, 2023

Kaival Patel was found guilty of conspiracy to commit wire and health care fraud to pocket money raised from fraudulent compound medication prescriptions, according to the DOJ.

Medical 139

Medical 139

The Big Picture

MAY 28, 2023

Reuters ) • Quackonomics : Medical Properties Trust spent billions buying community hospitals in bewildering deals that made private equity rich and working-class towns reel. American Prospect ) • Twitter Is a Far-Right Social Network It can no longer be denied. ( Vox ) • Why is the US banning children’s books?

Accounting 299

Accounting Medical Numbers Assets 299

Nerd's Eye View

MAY 3, 2024

Also in industry news this week: Large asset managers offering hybrid digital-human advice services are eating into the market share of purely human advisors, signaling that a smaller firm's ability to offer a differentiated value proposition could be a key to success in the coming years A recent study indicates that tech-forward advisory firms not (..)

Financial Planner 246

Financial Planner Healthcare Retirement Financial Advisor 246