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Rockwood Financial GroupThom ShumosicBill McKinnonBob StoutKelly Kramarck
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IN THE NEWS

A PRIMER ON CHARITABLE DONATIONS

Americans have long responded generously to people in need. Witness the torrent of checks to the victims of recent hurricanes and earthquakes. But while such acts remind us of the generosity of Americans, they also serve as reminders about the financial side of charity, including:

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TIPS ON FILING HOMEOWNER’S INSURANCE CLAIMS

Whether your home was damaged by Hurricane Katrina or Rita or by other causes—or whether it has been spared—it is important to know what to do and what to expect when you file a claim for losses under your homeowners insurance policy.

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PREPARING FOR THE NEW MEDICARE DRUG BENEFIT

Starting January 1, 2006 Medicare will offer for the first time in its 40-year history coverage for prescription drugs. The coverage, which is called Medicare Part D and is voluntary, will be available to all people with Medicare, regardless of income level and resources, pre-existing conditions, or current prescription expenses, according to the Centers for Medicare & Medicaid Services (CMS).

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A PRIMER ON THE NATIONAL SAVING RATE

The Commerce Department recently announced that the nation’s personal saving rate, calculated as a percentage of disposable (or after-tax) personal income, had fallen to a negative number for the first time since October 2001. The national savings rate fell to a negative 1.1 percent in July 2005, followed by a negative 0.7 percent in August

 

 

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