We are still deeply in the midst of the fight against the coronavirus. Even so, I believe now is a good time to reflect on the financial planning decisions we made long before the pandemic began. Those plans and decisions helped many of us weather this time with lower stress, greater confidence, and a calmness that is reserved for those who plan ahead.
As the market digests the quickly developing information related to the coronavirus disease, we will likely continue to see volatility in the stock and bond markets. The markets are doing exactly what they should be doing which is calculating the *possible* economic impact of the disease. While the markets are busy doing their job, it's time for us to do ours.
The annual Medicare open enrollment period began on October 15th and will end on December 7th. Most Medicare enrollees consider their Medicare coverage choices a one-time decision. However, it is wise to review your coverage options annually to ensure that you are not overpaying and that you are getting the coverage that you need.