Weekly Notables

from the Desk of Brian Bickett, CFP®

for the Week of September 04, 2019

Please enjoy this issue of “Weekly Notables”…

This week’s edition begins with a market article providing an update on the on-going back and forth “negotiations” between President Trump and China concerning tariffs.  

From there, we have a healthcare article exploring how making two fundamental changes to the health-care system can slash costs along with a couple of examples of where these changes have been put into practice.

We also have a longevity article reporting on the results of a long-term study that appears to link longevity with optimism.

Sadly, we wrap up with an article written shortly after the passing of Rapid City’s own Jessi Combs as she attempted to beat her own land speed record.

I hope you find value in at least of of this week’s articles and that you enjoy the new format.

Enjoy the ride of YOUR life!

— Brian

Find Your Financial Roadmap.

Brian can help you develop a roadmap to get you from where you are to where you want to go — and then put it in action, making your money work for you to avoid behavioral mistakes.

Trump Pressures China to Make Deal Soon or It’ll Get Tougher If He Wins In 2020

(Fred Imbert, CNBC) –  I thought you would find this market article interesting because it provides an update on the back-and-forth between President Trump and China after new tariffs on both countries’ goods came into effect over the weekend.  You have to admit his negotiating style is unique among presidents.

Slashing Health-Care Costs by 75% with 2 Fundamental Changes

(Sean Masaki Flynn, MarketWatch) – I thought you would find this health-care article interesting because it explores case studies of how implementing 2 fundamental changes (price tags and deductible security) has resulted in dramatically lower health-care spending.  The move to deducible security (aka: skin in the game) follows the same rationale that is resulting in Medicare Plan F being phased out in that folks are a little less likely to visit the doctor for every sniffle if they have to pay even a small portion out of pocket.

Optimism Key to Living Longer?

(Rachael Rettner, LiveScience) – I thought you would find this longevity article interesting because it outlines the results of a study of over 70,000 people over 10 to 30 years.  The study found that participants who reported the highest levels of optimism were 50 to 70 percent more likely to live to age 85 or beyond.  There’s likely at least one of you that has no desire to live to age 85, don’t think this gives the green light to be crabby all the time.

Jessi Combs Killed In Jet-Car Crash

(Jason Torchinsky, Jalopnik) – I thought you would find this motorcycle article interesting because it begins to provide insight into the recent passing of Rapid City’s own Jessi Combs while she attempted to beat her own land speed record.  I don’t believe most fully appreciated her character and personality nor all that she had already accomplished.  Many tributes have been made, but none as powerful as this from her boyfriend Terry Madden.

Photo: Jessi Combs Facebook Page

Where’s Brian?

Riding to St. Louis for the XYPNLIVE 2019 conference……

Additional Articles You May Find Interesting

Understanding Arch Coal Pension Plan Benefit Options

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Summary of the 2019 Social Security Trustees’ Report

Summary of the 2019 Social Security Trustees’ Report

Summary of the 2019 Social Security Trustees' Report   Article written by Brian Bickett Earlier than in the past, the Social Security Board of Trustees released their annual report at the end of April this year.  The report for 2018 spans 270 pages that go...

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