Issue #6 June 2015                                                                                                       

Summer Begins


 

Remember back in grade school how we felt when summer was finally here!  Well...we might not get as excited about it as we get older but summer is still a great time of year.  I know for many of our clients that live up north year-round, the warm weather is welcomed. Here in Florida though, many of our clients have already left to go back up north to get away from the heat, humidity, and the daily thunderstorms.  Others will be traveling this month going on some beautiful vacations that we can't wait to hear about.  (If you are traveling, take plenty of pictures; we'd love to post some in the newsletter.)  Here at the office, things typically slow down this time of year but this year we haven't experienced that as much.  We are happy to be working with several clients to adjust their financial strategies as their life has evolved and with some new clients as well.  In addition, Scott and I are working on new tools that we're excited about and that we'll be rolling out in the fall.  These tools will help both existing and new clients take an even more holistic view of their financial lives and subsequently help us create and adjust their strategies going forward.  Whatever you're doing this summer, we hope you enjoy some leisure time with your family and friends and we hope all your travels are safe. 

 

  Fox 13

 "It Wasn't on my Calendar."

 

As many of you know, I wrote a book called "It Wasn't on my Calendar" and it was to document my experience being a caregiver for my father, the mistakes I made, and what I learned along the way. My hope was that others could benefit from it.  Just recently, a local TV station, Fox 13, did a whole story on my book and even interviewed a few individuals that contributed to it. They spent a couple days at the office interviewing me about my experience, they ended up having several segments on the topic, and we had a lot of call-ins from it. We were so grateful to be able to help many people in this area, and I'm so proud of the feedback I've received from those that have read my book. Please see the link below to view the segment with my interview.

 

 LINK

 

Beating the Doctor Shortage

 

Maybe you or someone you know has experienced this: You turn 65, sign up for Medicare, and then find out that the doctor you've been seeing for the last 20 years doesn't accept Medicare patients. What do you do?

 

Primary care doctors are in such demand that they can pick and choose who they will see. And as the population ages, the need for primary care physicians grows. Add to that the fact that physicians are also getting older and seeing fewer patients (as well as the fact that under the Affordable Care Act millions of formerly uninsured men and women will have access to health care), and it's easy to see that something has to give; the primary care network in this country is fraying.

 

"The doctor shortage is worse than most people think," says Steven Berk, MD., dean of the School of Medicine at Texas Tech University.

 

So, now what? Well, it turns out that a number of solutions are already in process. Chief among them is adopting a "team approach" to primary care. Patients with more routine problems will be increasingly seen by nurse-practitioners and physician assistants, freeing the doctor to spend more time with patients with more serious complaints. You may have already noticed a transition to this kind of thing in your doctor's office.

 

The Affordable Care Act also authorizes more money to increase the primary care workforce by training more primary care doctors, nurses, nurse-practitioners, and physician assistants. Another key provision: a 10 percent bonus, through 2015, to primary care doctors who offer services to Medicare patients.

 

But these solutions (while underway) will take time. What can you do until then?

 

The best place to start is the state medical association. They provide directories that often include new doctors just setting up a practice. They are always willing to accept new patients.

 

If you are a Medicare beneficiary, go to www.medicare.gov. Under "Forms, Help and Resources" on the home page, select "Find doctors, hospitals and facilities." Type in your zip code and you will get a drop-down menu of medical specialties that will include primary care. These doctors all accept Medicare patients.

 

Those are just a couple of options. There are others, so don't panic if neither of those is a solution for you.

 

If you need help or just need a question or two answered on any of this feel free to give me a call.


 

 

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In This Edition
Summer Begins
Fox 13..."It Wasn't on my Calendar."...
Beating the Doctor Shortage...
Bill's new book "It wasn't on my calendar."
Bill's Book: "Why Didn't My CPA Tell Me That?"

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"It wasn't on my calendar. "
 

 


 

Bill just published his latest book about dealing with a loved one that has Alzheimer's.  Here is the description of the book:  
 

Most people do not plan for a medical, mental or aging crisis for a parent-or themselves, and if such a crisis is not on your calendar, prepare now. None of us know what we don't know, and when a loved one's health and/or mind are failing, this is no time to have a crash-course in learning. 
 
  • Who do I turn to for advice? 
  • What kind of questions do I ask?
  • Do I plan a loved one's care for this immediate crisis-or make a plan that includes future needs as conditions worsen? 
  • How do I respond to the many needs: place to live (kinds of facilities), care (who provides and what kinds), costs (and how to pay them), and advisors (finding the right people to handle finances and elder planning).  
If you have more questions than answers, this first-hand guidebook, written by a CPA/ financial planner about his dad's situation, will provide answers. Now you will be able to deal with your own situation with more knowledge and focus.   
"Why Didn't My CPA Tell Me That?" 
 
 

The information provided in this newsletter is educational in nature and is not intended to be construed as, legal, tax or investment advice and does not necessarily represent the views of the presenting party. Specific federal and state laws relevant to a particular situation may affect the applicability, accuracy or completeness of this information. Material presented is believed to be from reliable sources, but its accuracy is not guaranteed. If additional information is needed, the reader is advised to seek professional services.
 
William Cummings is an Investment Advisor Representative with securities and investment advisory services offered through Transamerica Financial Advisors, Inc. (TFA) Member FINRA, SIPC, and Registered Investment Advisor. Concierge Financial Organization, Inc. and TFA are not affiliated. Neither TFA nor its representatives provide legal, tax nor accounting advice. Persons who provide such advice do so in a capacity other than as a registered representative of TFA.           

LD053818-06/15