• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer
Bautis Financial

Bautis Financial

Secure your Castle, Achieve your Dreams.

  • Podcasts
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • Discover How
    • Risk Score
    • Workshops
    • Learning Center
  • Client Access
    • Wealth Center
    • Orion
  • Facebook
  • LinkedIn
  • Twitter
  • YouTube
  • Schedule a Call

The Watercooler

Random financial topics from my latest newsletter
Cartoon – I saw this cartoon in the New York Times and thought it was pretty funny
keydatacartoon601

Health Expense Quiz – Fidelity Investments released a study on how much a 65 year old couple retiring today will need to pay for future health care costs.  This is out of pocket expenses not counting what is covered by Medicare.  Do you want to take a guess on what Fidelity things you’ll need to cover your expenses?

  1. $50,000
  2. $100,000
  3. $250,000
  4. $500,000

Answer: 3) $250,000  Luckily it’s not $500,000 but most people do not have $250,000 allocated for future health care costs.  The $250,000 estimate includes the cost of deductibles and copayments, premiums for optional coverage for doctor visits and prescription drugs, out of pocket expenses for prescription drugs, and other expenses that Medicare doesn’t cover, such as hearing aids and eyeglasses.
The Marriage Penalty is when married couples are penalized by paying more tax on a joint tax return than they would if they file tax returns individually.  Married couples filing jointly have different tax brackets than single persons;  this can work to the advantage of couples with highly disparate income and single income households; however it can work to the disadvantage of couples with roughly the same income.  A pretty cool calculator to see if you are paying more taxes by filing jointly is one from the Tax Policy Center.  http://taxpolicycenter.org/taxfacts/marriagepenaltycalculator.cfm
The Cost of College is growing faster than inflation and now many students find it difficult to go to college without some type of loan financing.  Heather Boushey, an economist for the Center for Economic Policy wrote that “In 1981, a student could work full time all summer at minimum wage and earn about two thirds of their college cost for the year.  Today a student earning minimum wage would have to work full time for a year to afford one year of education, at a public university, and that assumes she saves every penny.”

Primary Sidebar

Featured Articles

Risk Score
21 Key Stats

Recent Posts

The Markets: A Year in Review and a Look Ahead

January 15, 2021 By Marc

Your Second Stimulus Check is in the Mail

Your Second Stimulus Check is in the Mail

January 13, 2021 By Marc

Emergency Fund

January 12, 2021 By Marc

What to Do if You Get a Tax Notice From the IRS With Allan Rolnick – Daily Flash Briefing

What to Do if You Get a Tax Notice From the IRS With Allan Rolnick – Daily Flash Briefing

January 8, 2021 By Marc

Episode 61 – What to Do if You Get a Tax Notice From the IRS With Allan Rolnick

Episode 61 – What to Do if You Get a Tax Notice From the IRS With Allan Rolnick

January 7, 2021 By Marc

Blog Categories

  • Cash Flow (21)
  • Daily Videos (9)
  • Education (12)
  • Estate Planning (4)
  • Financial Wellness (12)
  • Flash Briefing (1)
  • Flash Briefing Old (187)
  • General (48)
  • Insurance (9)
  • Investing (38)
  • Learning Center (1)
  • Medicare (6)
  • News (13)
  • Newsletter (6)
  • Personal Finance (26)
  • Podcasts (61)
  • Political (6)
  • Real Estate (1)
  • Retirement (44)
  • Saving for Retirement (15)
  • Social Security and Medicare (12)
  • Taxes (14)
  • Uncategorized (186)
  • Video (3)
  • Wealth Management (18)
  • Workshops (5)
Bautis Financial Insights

Subscribe to Our Insights

Sign up to receive valuable financial insight and updates straight to your inbox each month.

Footer

Social

Stay in Touch
  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Contact

Bautis Financial
7 North Mountain Ave
Montclair, NJ 07042
Get directions
862-205-5800
Contact

Copyright © 2021 · Business Pro Theme on Genesis Framework · WordPress · Log in