Microsoft co-founder Paul Allen’s Silicon Valley estate is on sale for $41 million — take a look inside

The Atherton, California estate of late Microsoft co-founder Paul Allen is on the market for $41.48 million. Allen’s sister, Jody Allen, now owns the home under a trust, according to property records. Located in Silicon Valley, Atherton is a hot-spot for venture capitalists and tech executives. And according to Bloomberg’s 2019 richest places index, Atherton is the richest place in America. Billionaires like former Google executive Eric Schmidt, Facebook COO Sheryl Sandberg have lived there, acc


The Atherton, California estate of late Microsoft co-founder Paul Allen is on the market for $41.48 million.
Allen’s sister, Jody Allen, now owns the home under a trust, according to property records.
Located in Silicon Valley, Atherton is a hot-spot for venture capitalists and tech executives.
And according to Bloomberg’s 2019 richest places index, Atherton is the richest place in America.
Billionaires like former Google executive Eric Schmidt, Facebook COO Sheryl Sandberg have lived there, acc
Microsoft co-founder Paul Allen’s Silicon Valley estate is on sale for $41 million — take a look inside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: taylor locke
Keywords: news, cnbc, companies, tech, venture, sister, richest, valley, allen, million, according, trust, silicon, paul, estate, atherton, inside, look, sale, cofounder, microsoft


Microsoft co-founder Paul Allen's Silicon Valley estate is on sale for $41 million — take a look inside

The Atherton, California estate of late Microsoft co-founder Paul Allen is on the market for $41.48 million. Allen passed away in October of 2018 at the age of 65.

In 2013, Allen purchased the home for $27 million. Allen’s sister, Jody Allen, now owns the home under a trust, according to property records.

Located in Silicon Valley, Atherton is a hot-spot for venture capitalists and tech executives. And according to Bloomberg’s 2019 richest places index, Atherton is the richest place in America. Billionaires like former Google executive Eric Schmidt, Facebook COO Sheryl Sandberg have lived there, according to Bloomberg.

Allen’s 21,030-square-foot home has seven bedrooms and 13 bathrooms. Take a look inside.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: taylor locke
Keywords: news, cnbc, companies, tech, venture, sister, richest, valley, allen, million, according, trust, silicon, paul, estate, atherton, inside, look, sale, cofounder, microsoft


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Grocery sales are rising but so is the pressure on profits, analyst says

Walmart continues to lead the U.S. grocery sector, but the gap with its rivals is narrowing, and pressure on profits is rising, according to a new report from Loop Capital Markets. Walmart has a 22% share of the $847 billion U.S. grocery industry, according to analyst Andrew Wolf. The retailer’s same-store sales growth at its grocery business has been outperforming rival supermarket chains since 2017, but the gap is narrowing. Also, as food prices are disinflating, grocery gross margins have wor


Walmart continues to lead the U.S. grocery sector, but the gap with its rivals is narrowing, and pressure on profits is rising, according to a new report from Loop Capital Markets.
Walmart has a 22% share of the $847 billion U.S. grocery industry, according to analyst Andrew Wolf.
The retailer’s same-store sales growth at its grocery business has been outperforming rival supermarket chains since 2017, but the gap is narrowing.
Also, as food prices are disinflating, grocery gross margins have wor
Grocery sales are rising but so is the pressure on profits, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: elly cosgrove, lauren feiner
Keywords: news, cnbc, companies, earnings, quarter, grocery, worsened, rising, profits, wolf, share, according, walmart, analyst, pressure, sales, thirdquarter


Grocery sales are rising but so is the pressure on profits, analyst says

Walmart continues to lead the U.S. grocery sector, but the gap with its rivals is narrowing, and pressure on profits is rising, according to a new report from Loop Capital Markets.

Walmart has a 22% share of the $847 billion U.S. grocery industry, according to analyst Andrew Wolf.

The retailer’s same-store sales growth at its grocery business has been outperforming rival supermarket chains since 2017, but the gap is narrowing. Also, as food prices are disinflating, grocery gross margins have worsened for Walmart, Wolf said Friday in a research note.

It’s not alone. In the second quarter, gross margins worsened for Ahold and Publix as well, but remained the same for Kroger and even improved for privately owned Albertsons, according to the note. Wolf expects more of the same in the third quarter.

The Commerce Department found that grocery sales in the third quarter rose by 4% year over year, which was a faster pace than the 2.6% gain in the second quarter and the 2.5% increase in the first quarter.

Despite the sales growth, the pressure on profits means Wolf continues to hold a neutral view on the sector.

Walmart is set to report fiscal third-quarter earnings on Nov. 14. Analysts are expecting earnings of $1.09 per share, according to Refinitiv. For Kroger, analysts are expecting fiscal third-quarter earnings of 48 cents per share. It last reported its earnings in September.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: elly cosgrove, lauren feiner
Keywords: news, cnbc, companies, earnings, quarter, grocery, worsened, rising, profits, wolf, share, according, walmart, analyst, pressure, sales, thirdquarter


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China’s pork shortage could give US farmers a chance to cash in

Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China. Prices have nearly doubled, and publicly available data indicate China’s production of pork this year will likely fall a few million tons short of demand. In December, a kilogram of pork cost about 22.50 yuan, or $1.46 a pound, according to Beijing-based BRIC-Agri Info. According to a CNBC translation of his Mandarin-language remarks, He said the Chinese will show their sincerity by increasi


Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China.
Prices have nearly doubled, and publicly available data indicate China’s production of pork this year will likely fall a few million tons short of demand.
In December, a kilogram of pork cost about 22.50 yuan, or $1.46 a pound, according to Beijing-based BRIC-Agri Info.
According to a CNBC translation of his Mandarin-language remarks, He said the Chinese will show their sincerity by increasi
China’s pork shortage could give US farmers a chance to cash in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: evelyn cheng lilian wu, evelyn cheng, lilian wu
Keywords: news, cnbc, companies, chinese, agricultural, chinas, pork, chance, according, purchases, farmers, china, shortage, products, week, american, cash, trade


China's pork shortage could give US farmers a chance to cash in

Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China. Visual China Group | Getty Images

BEIJING — China needs more pork imports than ever as the country grapples with an outbreak of a swine disease — and that could become a business opportunity for U.S. farmers if the two countries can reach an agreement on trade. African swine fever hit Chinese pig farms last year, causing a severe shortage in the meat that is a staple for hundreds of millions of Chinese households. Prices have nearly doubled, and publicly available data indicate China’s production of pork this year will likely fall a few million tons short of demand. In December, a kilogram of pork cost about 22.50 yuan, or $1.46 a pound, according to Beijing-based BRIC-Agri Info. By last week, a kilogram of pork had jumped to 42.46 yuan, or $2.75 a pound, according to figures released by the Ministry of Commerce. At the same time, one of the U.S. demands in ongoing trade negotiations is that China purchases billions of dollars’ worth of American farm products. At the conclusion of the latest round of trade talks last week, U.S. President Donald Trump said China agreed to a “very substantial phase one deal” that includes purchases of about $40 billion to $50 billion American agricultural products. Beijing has yet to publicly confirm the figure.

China to buy US farm products

The phased aspect of the deal is encouraging to the Chinese side, said He Weiwen, executive council member of the China Association of International Trade, which comes under the leadership of the Ministry of Commerce. According to a CNBC translation of his Mandarin-language remarks, He said the Chinese will show their sincerity by increasing purchases of American agricultural products. However, there’s a catch. It’s become increasingly clear that Beijing would like to push the U.S. to remove the tariffs it’s applied on billions of dollars’ worth of Chinese goods. “If China has promised to buy agricultural products, but the U.S. only delays the additional tariffs instead of lifting them, then it doesn’t make much sense to China,“ He said. “This is the crucial point.”

On Thursday, China’s Ministry of Commerce spokesperson Gao Feng emphasized that Beijing would like the U.S. to cancel all additional tariffs in order to reach a final deal on trade. Gao noted that Chinese companies are increasing their purchases of American agricultural products according to market needs and market-based principles, and that the two trade delegations remain in communication with hope of reaching a phased agreement as soon as possible. “I think there will be talk for more pork purchase,” He said earlier in the week, noting he does not speak on behalf of the Chinese government. “China’s soybean shortage is not that big. China can cope with it by adjusting feed formula.” Soybeans are used as animal feed in China and a shrinking pig herd is dampening demand for the oilseed.

China’s import of US pork

U.S. pork accounted for about 14% of Chinese imports of the meat in 2017, about the same as the year before, according to CNBC analysis of Chinese customs data complied by BRIC Agri-Info Group. That proportion dropped to 8% in 2018 as trade tensions escalated, falling as low as 2% in the fourth quarter of last year, the analysis showed. As of May 2019, the data showed U.S. pork recovered a market share of about 8%, still far short of pre-trade war levels. US market share of China pork imports, % by year Source: BRIC Agri-Info, China Customs That gap potentially creates an opportunity for American farmers, such as those from the nation’s largest pork producing state of Iowa.

Pork prices to remain high for now


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: evelyn cheng lilian wu, evelyn cheng, lilian wu
Keywords: news, cnbc, companies, chinese, agricultural, chinas, pork, chance, according, purchases, farmers, china, shortage, products, week, american, cash, trade


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Boeing pilot admitted to lying to FAA, according to The New York Times

Boeing pilot admitted to lying to FAA, according to The New York Times1 Hour AgoCNBC’s Phil LeBeau details a report by Reuters that instant messages may show Boeing employees misled the FAA. CNBC reached out to Boeing, which says it will continue to cooperate with the investigation. New York Times’ David Gelles joins ‘The Exchange’ to discuss.


Boeing pilot admitted to lying to FAA, according to The New York Times1 Hour AgoCNBC’s Phil LeBeau details a report by Reuters that instant messages may show Boeing employees misled the FAA.
CNBC reached out to Boeing, which says it will continue to cooperate with the investigation.
New York Times’ David Gelles joins ‘The Exchange’ to discuss.
Boeing pilot admitted to lying to FAA, according to The New York Times Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: lindsey wasson
Keywords: news, cnbc, companies, reached, boeing, phil, misled, times, faa, according, york, report, pilot, admitted, lying, times1


Boeing pilot admitted to lying to FAA, according to The New York Times

Boeing pilot admitted to lying to FAA, according to The New York Times

1 Hour Ago

CNBC’s Phil LeBeau details a report by Reuters that instant messages may show Boeing employees misled the FAA. CNBC reached out to Boeing, which says it will continue to cooperate with the investigation. New York Times’ David Gelles joins ‘The Exchange’ to discuss.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: lindsey wasson
Keywords: news, cnbc, companies, reached, boeing, phil, misled, times, faa, according, york, report, pilot, admitted, lying, times1


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73% of Americans rank their finances as the No. 1 stress in life, according to new Capital One CreditWise survey

This week Capital One released the results of a new CreditWise survey, in connection with National Get Smart About Credit Day. The results found that finances are the number-one cause of stress (73%) — more than politics (59%), work (49%) and family (46%). With CreditWise, users can learn more about the key factors that impact your credit score, get email alerts whenever your credit report changes and monitor your credit information. If you have good or excellent credit, you may qualify more for


This week Capital One released the results of a new CreditWise survey, in connection with National Get Smart About Credit Day.
The results found that finances are the number-one cause of stress (73%) — more than politics (59%), work (49%) and family (46%).
With CreditWise, users can learn more about the key factors that impact your credit score, get email alerts whenever your credit report changes and monitor your credit information.
If you have good or excellent credit, you may qualify more for
73% of Americans rank their finances as the No. 1 stress in life, according to new Capital One CreditWise survey Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: alexandria white
Keywords: news, cnbc, companies, stress, rank, life, credit, survey, creditwise, card, youre, capital, finances, americans, according, score, users, stressed


73% of Americans rank their finances as the No. 1 stress in life, according to new Capital One CreditWise survey

If the state of your finances is stressing you out, you’re far from alone.

This week Capital One released the results of a new CreditWise survey, in connection with National Get Smart About Credit Day. The results found that finances are the number-one cause of stress (73%) — more than politics (59%), work (49%) and family (46%).

Younger generations are even more stressed out about finances than older generations with the majority of Gen Z’ers (82%) and millennials (81%) saying finances are at least somewhat stressful.

The survey unsurprisingly found that major life events can trigger financial stress as well. More than half (62%) were stressed about their money in relationship to buying a house, 61% were stressed because of a car purchase.

Despite finances being a major cause of stress, respondents are optimistic about their financial future. Roughly two in five (42%) said they expect to be better off financially in a year from now.

However, they may not know how to achieve those goals. Only 16% of respondents are very familiar with how to improve their credit score, but more than half of the respondents (59%) are interested in learning more.

Capital One provides a free credit score and report dashboard, CreditWise. It’s free to use, and anyone can join — you don’t need to have a Capital One account.

With CreditWise, users can learn more about the key factors that impact your credit score, get email alerts whenever your credit report changes and monitor your credit information. There’s also a simulator feature that allows you to see how certain actions may impact your credit score, such as paying off debt, carrying a balance or applying for a loan. The simulator only provides estimates of the potential negative or positive impacts and the actual results may differ.

“There are millions of CreditWise users, and hundreds of thousands of those users who had a score of zero when they enrolled have since established a credit score,” Chris Gatz, head of CreditWise at Capital One, tells CNBC Select.

It can be smart to use a credit monitoring program to keep an eye on your credit score, as that three-digit number can have a big impact on the kind of credit cards you will qualify for. Typically, the higher your credit score, the better card offers you receive.

If you have good or excellent credit, you may qualify more for the best rewards credit cards, such as the Capital One® Venture® Rewards Credit Card, or a balance transfer credit card, such as the Amex EveryDay® Credit Card, compared to someone who has bad credit.

If you’re credit is subpar, you’re not out of luck. Secured cards are a great way to build credit, and CNBC Select recommends the Discover it® Secured.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: alexandria white
Keywords: news, cnbc, companies, stress, rank, life, credit, survey, creditwise, card, youre, capital, finances, americans, according, score, users, stressed


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Trump advisor Peter Navarro reportedly invented and quoted a fictional character in his books

U.S. President Donald Trump’s trade advisor, Peter Navarro, regularly quoted in his books a fictional character who’s a China hawk — like himself, The Chronicle of Higher Education reported on Tuesday. Tessa Morris-Suzuki, an emeritus professor of Japanese and Korean history at the Australian National University, discovered that a character named Ron Vara in Navarro’s books is fictional, according to the report. The name Ron Vara also appeared to be an anagram of Navarro’s name, the report said.


U.S. President Donald Trump’s trade advisor, Peter Navarro, regularly quoted in his books a fictional character who’s a China hawk — like himself, The Chronicle of Higher Education reported on Tuesday.
Tessa Morris-Suzuki, an emeritus professor of Japanese and Korean history at the Australian National University, discovered that a character named Ron Vara in Navarro’s books is fictional, according to the report.
The name Ron Vara also appeared to be an anagram of Navarro’s name, the report said.
Trump advisor Peter Navarro reportedly invented and quoted a fictional character in his books Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: yen nee lee
Keywords: news, cnbc, companies, trump, china, reportedly, invented, trumps, advisor, vara, trade, navarro, chronicle, report, fictional, according, navarros, books, times, quoted, character, peter


Trump advisor Peter Navarro reportedly invented and quoted a fictional character in his books

U.S. President Donald Trump’s trade advisor, Peter Navarro, regularly quoted in his books a fictional character who’s a China hawk — like himself, The Chronicle of Higher Education reported on Tuesday.

Tessa Morris-Suzuki, an emeritus professor of Japanese and Korean history at the Australian National University, discovered that a character named Ron Vara in Navarro’s books is fictional, according to the report.

The name Ron Vara also appeared to be an anagram of Navarro’s name, the report said.

Vara, said to be a military veteran and Harvard-trained economist, appeared roughly a dozen times in six of Navarro’s books, the report said. Those books — which are supposed to be non-fiction — include “Death by China” and “The Coming China Wars: Where They Will Be Fought and How They Can Be Won,” according to the report.

The White House didn’t immediately respond to CNBC’s request for comment sent after office hours.

Navarro, in a statement to the Chronicle, called Vara a “whimsical device and pen name I’ve used throughout the years for opinions and purely entertainment value, not as a source of fact.”

He said it’s “refreshing that somebody finally figured out an inside joke that has been hiding in plain sight for years.”

Navarro, a long-time China hawk, has a reputation for feeding Trump anti-China sentiment, according to The New York Times. He has publicly supported and defended Trump’s tariffs on China, and been part of the U.S. delegation that negotiates trade matters with Chinese officials.

Read the full report by The Chronicle of Higher Education.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: yen nee lee
Keywords: news, cnbc, companies, trump, china, reportedly, invented, trumps, advisor, vara, trade, navarro, chronicle, report, fictional, according, navarros, books, times, quoted, character, peter


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GM deal with UAW includes closing three US plants, $11,000 ‘ratification’ bonuses

Michael Wayland / CNBCDETROIT – The United Auto Workers’ proposed tentative deal with General Motors includes the closure of three U.S. plants, including a large assembly plant in Lordstown, Ohio, according to the union. GM told the union it would bring battery cell production to Mahoning Valley, a region that includes Lordstown in Ohio. The sale of the plant and battery cell production, according to the company, are not covered under the proposed tentative agreement. GM, according to a person f


Michael Wayland / CNBCDETROIT – The United Auto Workers’ proposed tentative deal with General Motors includes the closure of three U.S. plants, including a large assembly plant in Lordstown, Ohio, according to the union.
GM told the union it would bring battery cell production to Mahoning Valley, a region that includes Lordstown in Ohio.
The sale of the plant and battery cell production, according to the company, are not covered under the proposed tentative agreement.
GM, according to a person f
GM deal with UAW includes closing three US plants, $11,000 ‘ratification’ bonuses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael wayland
Keywords: news, cnbc, companies, plant, production, includes, closing, cell, lordstown, deal, union, 11000, plans, uaw, according, ratification, plants, bonuses


GM deal with UAW includes closing three US plants, $11,000 'ratification' bonuses

United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC

DETROIT – The United Auto Workers’ proposed tentative deal with General Motors includes the closure of three U.S. plants, including a large assembly plant in Lordstown, Ohio, according to the union. The plants, including two powertrain operations in Michigan and Maryland, had been earmarked in November to end production this year, but the Detroit automaker had to negotiate the closures as part of contract negotiations with the union. A parts distribution facility for GM in Fontana, Calif. also would close under the four-year deal. A fourth plant in Detroit assembly plant that was also slated for closure, as previously reported by CNBC, will be spared to build a new all-electric pickup for the automaker, if the deal is ratified. The plant is still slated to end production of the Cadillac CT6 and Chevrolet Impala by January. A timeframe for production of the pickup and the complete closures of the other U.S. facilities was not disclosed by the union, however the three plants were already idled by the automaker earlier this year. GM declined to comment.

Battery cell production

GM, in a statement, said it remains “committed to future investment and job growth” in Ohio. GM told the union it would bring battery cell production to Mahoning Valley, a region that includes Lordstown in Ohio. The plans, according to GM, would create about 1,000 manufacturing jobs, and include the sale Lordstown to Lordstown Motors Corp., a new company that plans to build electric pickups for commercial fleet customers. That company plans to initially create 400 jobs, GM said.

The sale of the plant and battery cell production, according to the company, are not covered under the proposed tentative agreement. GM, according to a person familiar with the negotiations, is expected to invest $9 billion in manufacturing operations as part of the deal, including the battery cell production. About $7.7 billion of that would be “direct” investment in current U.S. plants. The UAW did not disclose the total expected investment in its summary of the deal that was released Thursday.

Pay increases, bonuses


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: michael wayland
Keywords: news, cnbc, companies, plant, production, includes, closing, cell, lordstown, deal, union, 11000, plans, uaw, according, ratification, plants, bonuses


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Three big mistakes to avoid during Medicare open enrollment

Of the 60 million or so Medicare beneficiaries, roughly 22.2 million people are enrolled in Advantage Plans, according to the Centers for Medicare and Medicaid Services. The remainder are on original Medicare and often pair it with a standalone drug plan and/or a so-called Medigap policy. The average monthly premium among Advantage Plans is forecast to be $23 next year, down from close to $27 in 2019. Assuming there’s no better optionThe number of Advantage plans you can pick from largely depend


Of the 60 million or so Medicare beneficiaries, roughly 22.2 million people are enrolled in Advantage Plans, according to the Centers for Medicare and Medicaid Services.
The remainder are on original Medicare and often pair it with a standalone drug plan and/or a so-called Medigap policy.
The average monthly premium among Advantage Plans is forecast to be $23 next year, down from close to $27 in 2019.
Assuming there’s no better optionThe number of Advantage plans you can pick from largely depend
Three big mistakes to avoid during Medicare open enrollment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: sarah obrien
Keywords: news, cnbc, companies, mistakes, premiums, coverage, outofpocket, enrollment, plans, advantage, 2020, medicare, drug, according, avoid, big, plan, open


Three big mistakes to avoid during Medicare open enrollment

Hero Images | Getty Images

Even if Medicare’s open enrollment period sounds like a big snore fest, you might sleep better next year if you take advantage of it. For the program’s 60 million beneficiaries, that yearly fall window — Oct. 15 through Dec. 7 — offers the chance to make changes that take effect Jan. 1. While you aren’t required to do anything — your coverage will automatically renew if you take no action — passing on the chance review your plan could cost you in 2020. “The danger is that at the time of service, you’ll be surprised when you have a different copay or out-of-pocket expense that you weren’t anticipating,” said Elizabeth Gavino, founder of Lewin & Gavino in New York and an independent broker and general agent for Medicare plans. More from Personal Finance:

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You can trick yourself into saving more. Here’s how

Four ways to not outlive your retirement savings During this annual fall enrollment period, you can: Switch to an Advantage Plan from original Medicare (Part A hospital coverage and Part B outpatient coverage);

Switch to original Medicare from an Advantage Plan;

Move from one Advantage Plan to another;

Move from one prescription drug plan (Part D) to another, or purchase one if you did not when first eligible (although you could face a penalty for late enrollment). Of the 60 million or so Medicare beneficiaries, roughly 22.2 million people are enrolled in Advantage Plans, according to the Centers for Medicare and Medicaid Services. That number is expected to rise to 24.4 million in 2020. The remainder are on original Medicare and often pair it with a standalone drug plan and/or a so-called Medigap policy. Be aware that generally speaking, autumn open enrollment has nothing to do with Medigap plans, which operate under separate rules. Here are mistakes to avoid when it comes to the current six-week window to make changes.

Ignoring the whole thing

Even if your Advantage plan or drug coverage served you well this year, there’s no guarantee that you’ll feel the same way in 2020. While insurers are federally regulated, the specifics of their options can vary greatly from plan to plan, county to county and year to year. Changes can affect your premiums, deductibles, co-pays and covered services, along with participating doctors, hospitals, pharmacies and other providers. The average monthly premium among Advantage Plans is forecast to be $23 next year, down from close to $27 in 2019. This year, 56% of enrollees paid no premium for those plans, according to the Kaiser Family Foundation. Regardless of what that payment would be, keep in mind that it’s in addition to your Part B premium. Although there’s been no official word yet on that base amount for 2020, it’s projected to rise to $144.30 from $135.50 this year, according to the latest Medicare Trustees report. (Higher-income beneficiaries pay more.)

Of course, premiums are are not the only factor you should consider. “The lower premiums have higher deductibles and copays, and the higher premiums tend to have lower amounts for those,” said Danielle Roberts, co-founder of insurance firm Boomer Benefits in Fort Worth, Texas. “Look at what it will cost you overall.” The average out-of-pocket limit for in-network services among Advantage plan enrollees in either HMOs or PPOs this year is $5,059, according to the Kaiser Family Foundation. “You should know your worst-case scenario and be prepared to afford the maximum out-of-pocket for the plan you choose,” Gavino said.

You should know your worst-case scenario and be prepared to afford the maximum out-of-pocket for the plan you choose. Elizabeth Gavino Founder of Lewin & Gavino

Monthly premiums for standalone prescription drug plans will also be lower next year, dropping to $30 from $32.50 in 2019. (Again, higher earners pay more.) However, as with Advantage Plans, a lower premium doesn’t necessarily mean your total out-of-pocket cost would be less. Depending on the plan’s formulary — how it prices the drugs it covers — and the coverage restrictions in place, the amount you pay for certain drugs could be more in 2020. You can compare coverage through the Medicare.gov Plan Finder tool, although be aware that some of the information you’re given may be incomplete. You might have to look at the plan’s formulary to get details on things like whether you’d have to try out cheaper alternatives first (so-called step therapy) or if there are quantity limits on the medicine you take. To make sure your doctor, pharmacy or other provider is still in network, you also have to check with the insurance company that offers the plan. You can either visit the provider’s website or call. And if you work with a Medicare agent, that person also should be prepared to help you.

Assuming there’s no better option

The number of Advantage plans you can pick from largely depends on where you live. The more rural the area, the fewer the options you’re likely to have. For example, in Wyoming and Alaska, fewer than 10% of all beneficiaries are in Advantage plans in 2019, according to the Kaiser Family Foundation. Nationwide, that share is more than 30%. However, new plans continuously become available, as insurance carriers expand their options and coverage areas and new players enter the market. This makes it important to make sure there isn’t a more cost-effective option for you.

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New stand-alone prescription drug plans also could be available where you live, which makes it worthwhile to comparison-shop. “Your plan might be great, but if one similarly priced saves you $500 next year, you’d probably want to know about that,” Roberts said. “If you don’t do the analysis, you might miss out on that savings.”

Assuming your health won’t change


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: sarah obrien
Keywords: news, cnbc, companies, mistakes, premiums, coverage, outofpocket, enrollment, plans, advantage, 2020, medicare, drug, according, avoid, big, plan, open


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Financial advisors need to change to succeed in the next decade

Financial advisors are experts at helping clients plan for their futures. That’s according to a study from the Financial Planning Association, a professional membership organization, and SEI, a provider of wealth management services. “For financial planners to maintain our competitive edge, we have to do for ourselves what we do for our clients,” said Evelyn Zohlen, CFP and president of the association. More from Financial Advisor 100:FA 100: CNBC ranks the top-rated financial advisory firms of


Financial advisors are experts at helping clients plan for their futures.
That’s according to a study from the Financial Planning Association, a professional membership organization, and SEI, a provider of wealth management services.
“For financial planners to maintain our competitive edge, we have to do for ourselves what we do for our clients,” said Evelyn Zohlen, CFP and president of the association.
More from Financial Advisor 100:FA 100: CNBC ranks the top-rated financial advisory firms of
Financial advisors need to change to succeed in the next decade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: lorie konish
Keywords: news, cnbc, companies, succeed, financial, association, planners, management, industry, advisor, clients, need, decade, advisors, according, change, sei


Financial advisors need to change to succeed in the next decade

Financial advisors are experts at helping clients plan for their futures. It turns out that many of these professionals often fall short when it comes to their own businesses.

That’s according to a study from the Financial Planning Association, a professional membership organization, and SEI, a provider of wealth management services.

“For financial planners to maintain our competitive edge, we have to do for ourselves what we do for our clients,” said Evelyn Zohlen, CFP and president of the association. “We must plan.”

More from Financial Advisor 100:

FA 100: CNBC ranks the top-rated financial advisory firms of 2019

Changes and challenges keeping top advisors up at night

Technology is redefining that client-financial advisor relationship

There’s one big way that financial advisors can prepare their practices for success in the next five to 10 years, according to the research.

To do that, they need to take a cue from sectors like the e-retail industry, which allows consumers to pick the shape, color, size and manufacturer they want with just the click of a button.

“The consumer is being trained to look for choice, to get personalization,” John Anderson, managing director of practice management solutions at SEI. “I haven’t seen our industry start to evolve in that direction yet.”

Based on the results from an online survey that the groups conducted in August, which included 436 financial planners, they identified several ideas that advisors can use to bring their businesses up to date.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: lorie konish
Keywords: news, cnbc, companies, succeed, financial, association, planners, management, industry, advisor, clients, need, decade, advisors, according, change, sei


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Overcoming these three things could spark a year-end rally, Ned Davis Research says

The market is in a slump, but accomplishing three things could lead to a year-end rally, according to a report by Ned Davis Research. Earnings growth is expected to fall 2.1% in the third quarter but then soar to nearly 20% in the fourth quarter, according to the report. Two consecutive months of contraction in the manufacturing sector are stoking recession fears and spooking investors. If the market is to plow through economic obstacles and rally, investment sentiment complacency will need to s


The market is in a slump, but accomplishing three things could lead to a year-end rally, according to a report by Ned Davis Research.
Earnings growth is expected to fall 2.1% in the third quarter but then soar to nearly 20% in the fourth quarter, according to the report.
Two consecutive months of contraction in the manufacturing sector are stoking recession fears and spooking investors.
If the market is to plow through economic obstacles and rally, investment sentiment complacency will need to s
Overcoming these three things could spark a year-end rally, Ned Davis Research says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: olivia raimonde, al lewis
Keywords: news, cnbc, companies, davis, yearend, growth, recession, fears, market, earnings, according, report, need, rally, overcoming, ned, things, sentiment, spark, research


Overcoming these three things could spark a year-end rally, Ned Davis Research says

A trader gestures while working on the floor of the New York Stock Exchange (NYSE) in New York.

The market is in a slump, but accomplishing three things could lead to a year-end rally, according to a report by Ned Davis Research.

Stocks may continue to be weak through October, but overcoming these key issues may lead to all-time highs.

“In order for the market to bottom in the next few weeks and stage a year-end rally, it will need to overcome three hurdles: enthusiastic earnings expectations, the latest recession fears, and complacent sentiment,” the report says.

With the most recent cycle of earnings releases underway, companies are offering higher guidance.

Earnings growth is expected to fall 2.1% in the third quarter but then soar to nearly 20% in the fourth quarter, according to the report. Weak sales and flat margins have kept earnings down in 2019, but top-line growth is expected to stabilize in the third quarter.

Two consecutive months of contraction in the manufacturing sector are stoking recession fears and spooking investors. A measure in service-sector growth dropping to its lowest level since 2016 in September only amplified those concerns.

For the market to reach all-time highs, the next round of economic data will need to show signs that these sectors are lifting, the report says.

If the market is to plow through economic obstacles and rally, investment sentiment complacency will need to shift.

History shows that a more pessimistic investor outlook has coincided with rallies in the past, according to data from the report. Sentiment is currently trending in neutral territory according to an NDR Crowd Sentiment Poll, which measures investors’ mindset. That will need to drop to give the market the push it needs to rally.

The S&P 500 is down Wednesday, despite renewed optimism on Friday that a trade deal between the U.S and China is underway. The market has been trading sideways for months — stalled by recession fears, a slowdown in global growth and trade tensions — but it is less than 2% from it’s all-time high.

“Oversold technicals — combined with realistic earnings projects, reduced recession fears, and more pessimism — are a recipe for a year-end rally,” the report says.

It also says to watch out for any indication for long-term weakness in sub-sectors of the economy — which would be a bad sign for a market rebound.


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: olivia raimonde, al lewis
Keywords: news, cnbc, companies, davis, yearend, growth, recession, fears, market, earnings, according, report, need, rally, overcoming, ned, things, sentiment, spark, research


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