Wealth and Wisdom: Week of November 22, 2021

Thanksgiving week is typically a slow one for the financial markets, which will be closed on Thanksgiving Day and Friday afternoon. We are expecting a batch of economic reports on Wednesday (GDP, personal income and spending, new home sales), as well as the release of minutes from the November meeting of Fed policymakers.

I hope you are able to enjoy some quality time this week with your loved ones – free of worry and full of gratitude.

Have a great week, and Happy Thanksgiving!

So much for that Social Security COLA

Medicare Part B premiums will jump more than 14% next year – which will offset much of Social Security’s 5.9% cost-of-living adjustment. (Reading time: 2 minutes)

Older workers confused by Medicare

Be especially careful if you are approaching age 65 and still contribute to a health savings account. (Reading time: 4 minutes)

New Social Security statements are an improvement

Benefit estimates are now streamlined, colorful, and easier to read and understand. Here’s how – and why – to get a look at yours. (Reading time: 6 minutes)

Investing without knowing the future

Humans are terrible at predicting the future – so why do so many keep trying to invest that way? (Reading time: 4 minutes)

The onward march of progress

When it comes to companies making money – does it really matter who’s running the country? (Reading time: 3 minutes)

Inflation calculator

Consumer inflation hasn’t been this high in 30 years. Use this online calculator to see how it impacts the things you buy. (Reading time: 4 minutes)

Is your airline travel voucher about to expire?

Use it, lose it, or file a complaint. But the first thing to do is call the airline to explore your options. (Reading time: 4 minutes)

Thanks-living

The late legendary investor John Templeton believed we should give thanks for our problems as well as our blessings. (Reading time: 4 minutes)

Mike’s Pro Tip of the Week

10 things never to buy used: medicine (any kind), items for a newborn, mattresses and bedding, food items, perfumes and cosmetics, upholstered furniture, helmets for biking or skiing, stuffed animals, pots and pans, puzzles and board games. Source: AARP

Words To The Wise

“I can complain because rosebushes have thorns – or rejoice because thorn bushes have roses”
John Templeton

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