Schedule for changes in the Medicare Part D benefit

If you want to know how your (or your loved-one's) Medicare Part D benefit will change over the next 10 years as a result of the health reform legislation, see this excellent and short summary from KFF: Key Changes to the Medicare Part D Coverage Gap. What the summary sheet doesn't tell you is what the changes mean for Part D premiums and government spending ... (up up up, of course). Still, if the benefit is out there for everyone else, we'd be stupid not to take our share, right?

How will the coming US debt crisis unfold?

Here is an interesting report from the Committee for a Responsible Federal Budget outlining several scenarios for how a debt crisis will occur if we don't do something to manage our fiscal deficits in the near future. It's worth reading to try to figure out what kinds of personal wealth management strategies would give you the best chance of riding out the crisis without losing everything (or almost everything.)