The Affordable Care Act Goes into Action - What should you do? Call us first.

The Patient Protection and Affordable Care Act (ACA) has been the subject of speculation and uncertainty since it was passed by Congress in 2010.

Nonetheless, the law’s provisions have been enacted according to a specified timetable, and after surviving legal and political challenges, the ACA enters a pivotal phase of implementation in 2013. This may be an appropriate time to consider how the ACA could impact your situation as a taxpayer and a consumer.

In a recent survey of Generation Z (ages 13 to 22), 39% of teens and young adults said they expect to receive an inheritance and therefore don’t need to worry about saving for retirement! However, only 16% of Gen Z parents expect to provide an inheritance — and there’s no guarantee that an inheritance would be sufficient to replace retirement savings.¹

This disconnect between expectation and reality highlights the need for financial literacy among young people.

Short-term interest rates have been at historic lows for more than four years, due in large part to Federal Reserve policies intended to stimulate the economy.1 The Fed’s actions have also suppressed longer-term rates, leading to low yields on new-issue bonds of varying maturities (see chart).

Despite low rates, you might keep a portion of your assets in bonds or other fixed-income securities in order to balance more aggressive investments.
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Hedges Wealth Management LLC - A Registered Investment Adviser
Hedges Insurance Agency LLC
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