This edition of Fairman Group Perspectives highlights the PMI decline and economic impact, the need for life insurance, Medicare Open Enrollment, and more! Learn about the latest news affecting your financial life.
The annual Medicare Open Enrollment Period runs from October 15 through December 7. Any changes made during open enrollment are effective as of January 1, 2020.
If you’re unsure about whether you should buy life insurance, ask yourself: If I died today with no life insurance, would my family need to make substantial financial sacrifices and give up their lifestyle in order to meet their financial obligations.
The PMI, which tracks manufacturing production, orders, employment, and inventories, is considered a leading economic indicator. Manufacturing contractions have often preceded economic recessions, but the structure of our economy has changed with services carrying much greater weight.
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