This three-part program presented by Scott Langlais, CFP®, RICP ®, a financial advisor and Medicare planning specialist with Moneco Advisors, will first focus on Medicare Enrollment: What is Medicare? Who needs to enroll in Medicare - and when? How do you enroll in Medicare? Part two will cover Medicare and Private Insurance: How much does Medicare cost? What does Medicare cover? What does Medicare NOT cover? How does private insurance work with Medicare? And part three will discuss Planning for Higher Health Care Costs and the two reasons why your health care expenses will be higher in the future.

 

Learning Objective(s):  At this end of this session, attendees will understand (1) How to analyze a client's health care costs, including Medicare premiums, deductibles, copayments, and supplemental insurance premiums and out-of-pocket costs, (2) The various enrollment periods so they can help clients determine when they need to enroll in Medicare and understand the difference between Original Medicare and Medicare Advantage, (3) How to advise clients on how to avoid late-enrollment penalties, and (4) How to help clients analyze their health insurance options from year to year as well as analyze, project and develop a plan for meeting health care expenses in retirement.

Level of Complexity: Intermediate

Behavioral Finance:

Why Investors Make The Decisions They Do

Noah Tenenhaus, CIMA®, CMFC®

Fidelity Institutional Asset Management 

Behavioral finance is the intersection of behavioral psychology and finance that helps explain why people make irrational financial decisions. This session, presented by Noah Tenenhaus, CIMA®, CMFC®, Regional Director of Wealth Advisor Services with Fidelity Institutional Asset Management, will address two key evolutionary processes that impact investor decision-making:

 

Behavioral Evolution: Understanding behavioral finance helps to avoid emotion-driven decisions that can lead to unnecessary losses.

 

Technological Evolution - Decades of constant technological advancements have shaped the way humans interact with one another and make decisions.

 

Also discussed will be the roots and reasons behind decision-making and how to deal with behaviors that may hinder success, including anchoring bias, confirmation bias, recency bias, herding bias, ambiguity aversion, and myopic loss aversion.

 

Learning Objective(s):  Learn some of the most common biases and aversions which both investors and advisors face on a regular basis. By understanding these issues, attendees will be able to identify and address these issues to help deal with future issues in the market.

Level of Complexity: Intermediate

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