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Weekly Market Insights: Mixed Results Following Weak Economic Data
Stocks showed mixed results last week as recession fears resurfaced in response to weak economic data and a tepid start to a new corporate earnings season. The Dow Jones Industrial Average skidded 2.70%, while the Standard &...
Read MoreWeekly Market Insights: New Year's Rally in Reply to Positive Economic News
Do you have a calendar that reminds you of monthly financial check-ups? We have the right calendar just for you! There are helpful reminders that will make sure you're on the right track!Click HERE For CalendarNew Year, New...
Read MoreWeekly Market Insights: Erratic Holiday Trading Leaves Stocks in Doldrums
In a holiday-shortened week, erratic trading left stocks marginally down for the week.The Dow Jones Industrial Average lost 0.17%, while the Standard & Poor’s 500 slipped 0.14%. The Nasdaq Composite index fell 0.30%. The MSCI...
Read MoreWeekly Market Insights: Recession Concerns, Fed Talk Keep Stocks Cold
With 2022 nearly over and 2023 right in front of us, please know that McKnight Advisory Group, Inc. is dedicated to assisting our clients in obtaining their greatest opportunity for success!™Success can mean different things...
Read MoreMcKnight Weekly News: Stocks Slide on Recession Concerns
Recession fears and concerns that the Fed may consider a longer rate-hike cycle sent stocks lower for the week.The Dow Jones Industrial Average dropped 2.77%, while the Standard & Poor’s 500 fell 3.37%. The Nasdaq Composite index...
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Tax Deductions You Won't Believe
While Americans are entitled to take every legitimate deduction to manage their taxes, the Internal Revenue Service (IRS) places limits on your creativity. Here are some examples of deductions...
Read MoreHSA Eligible Expenses Expanded
On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law. In addition to providing direct financial assistance to Americans, the CARES Act repeals the Medicine Cabinet Tax provision of...
Read MoreOpen Enrollment Tips
One of the biggest mistake’s employees make is to assume that Open Enrollment is not a big deal. In truth, what choices the employee makes during this time can potentially affect them for years to come. Employees need to...
Read MoreMaking Sense of Your Prescription Drug Plan
One of the first questions employees want to know is how their prescriptions will be covered on their group plan. Will they have to meet a deductible, are there copays, what prescriptions are covered. There are a couple of different...
Read MorePreventive Care
Preventative Care is one of the things that all employees can do to help lower their medical costs. When someone goes to the doctor to get their annual checkups, they are more likely to find any health issues before symptoms start....
Read MoreEmergency Room or Urgent Care?
One of the biggest questions people have about their health insurance cost are what they can do to help reduce their cost.One of the biggest choices is where to go when you are sick. Most people know to see their primary care doctor...
Read MoreNotice 2020-29 for Employers
In response to to the COVID-19 Pandemic, the IRS has issued a new Notice (the full Notice 2020-29 can be downloaded here) that will allow for employees to make necessary changes as needed to help relieve some of the burdens they may be...
Read MoreLow-Income Subsidy — Medicare Extra Help Program
Individuals may think that Medicare is more affordable than their current group coverage or their family plan from the marketplace but that is not always the case. Medicare can be very expensive and this can be devastating for a person...
Read MoreWhat is Medicare Part A?
Lyndon B. Johnson signed Medicare into law in 1965. Original Medicare consists of two parts: Medicare Part A (hospital insurance) and Medicare Part B (medical insurance). Inpatient care, including care received while in a hospital, a...
Read MoreWhy "Hair Day" will save America
Over the years, I’ve learned much wisdom from my parents and my in-laws that has served me well throughout the course of my life. Elements of this wisdom were the love of art that my mother taught me, the strong work ethic and...
Read MoreMedicare Enrollment: How and When
The seasons are changing and so are the election periods. Annual Election (Fall Open Enrollment for Medicare clients with Medicare Advantage and Medicare prescription drug plans) is complete and a new year has begun. Tis the season for...
Read MoreEmployee Work from Home Guide
Our country has found itself in a situation where more and more employers are opting to allow their employees to work from home. At McKnight, we want to support you as you consider if working from home will work for your business. The...
Read MoreThe SECURE Act is Changing Retirement
Below is a direct quote from the MarketWatch article published 1/8/2020. “President Trump signed the SECURE Act this week as part of the government’s spending bill and it will inevitably affect most retirement savers, for...
Read MoreMedicare Enrollment Periods
Medicare Initial Enrollment Period (IEP) is centered around your birth month. Beginning three months before and expanding for three months after your birth month of your 65th birthday, you will have seven these months to enroll in...
Read MoreMaking Resolutions Stick
Many people, myself included, make Resolutions for the coming year to improve their life in one or more areas. Research says that only 8% of people achieve their New Year’s Goals. Following are Five questions you can answer that...
Read MoreThe Elijah Cummings Lower Drug Costs Now Act
The vision that goes into these Blogs is to inform our readers of things pertaining to the subject of Medicare and not to sway public opinion. Having said that, the House of Representatives passed H.R. 3. This is the first time that...
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