About 80% of people who told McKinsey they couldnt afford coverage are eligible for subsidies. About 65% of those people didnt know the subsidies were available, or didnt know how much they could get, the survey found. Tooling around the map shows the potential impact of the subsidies on premiums for insurance shoppers earning below 400% of the federal poverty level, or $45,960 for a single person. A 55-year-old in Worth County, Ga., the most expensive county for insurance, would have to pay $804 a month for the cheapest mid-level, or silver, plan available there before subsidies. For higher-earning customers not eligible for subsidies, that price may be steeper than their coverage before the health law. But, a person of that age earning $45,960 would get a $478-per-month subsidy, bringing the price down to $326 a month. At $20,000 a year, that person could get a $755-per-month subsidy, bringing the direct price to about $60 a month. The law uses a formula that calculates subsidies based on the difference between a set percentage of a consumers income and the cost of the second-cheapest silver plan available.
In a further sign of confidence returning to the euro zone, ECB President Mario Draghi was cautiously more upbeat about the economic outlook. "It's difficult to see what would force the ECB to do more on policy," after Thursday's meeting and news conference, said Jane Foley, a currency strategist at Rabobank in London. "Overall, Draghi has left the market with the impression that the ECB could be done on policy barring a significant shock," Ms Foley added. Marc Chandler, a currencies analyst at Brown Brothers Harriman, agrees. "Although some observers had favored an April move, Draghi's tone makes this seem unlikely as well," he said. The ECB president said he was encouraged by data showing that business activity in the euro zone rose to a 32-month high on Wednesday, and noted an improvement in the services sector, which accounts for the majority of job creation.
BIGGEST LOSERS: Biotechnology and health care stocks were among the biggest decliners in early trading. Vertex Pharmaceuticals and Biogen Idec were both down roughly 4 percent. Gilead Sciences was down 2 percent. The Nasdaq composite index is more heavily weighted to biotechnology and specialty pharmaceutical companies, which is part of the reason the index is down much more than the Dow or S&P 500. JOBS: The Labor Department's report of 175,000 job additions last month was much better than expected. Economists had been expecting an increase of 145,000 jobs, according to FactSet.
Everything You Need To Build Wealth.. In One Sentence
Ultimately, it comes down to a balancing act. "The most important decision is how to balance current spending with future savings, or living a good life now versus saving for a great life in the future," says Loveall. Both he and Alfonso advise clients to save at least 10% of their annual income. Rick Kahler, president of the Kahler Financial Group in Rapid City, S.D., would double that to 20% or more "until you have six months to one year of living expenses for an emergency fund." In addition to creating an emergency fund, Kahler, co-author of "Wired for Wealth," advocates opening a separate savings account for purchases of future cars, car repairs, vacations and Christmas gifts. The rest of your income can be spent on current consumption. "For most people, this means living on 30 to 60 cents out of every gross dollar you earn," he says. Saving can be an easily accomplished, automated process when signing up to contribute to a workplace retirement plan such as a 401(k).
Fisher ... taught me this essential business paradox: when [link] you want something from someone, give them something instead, with no strings attached or expectations. Ask how you can be of service. Act like a true friend, even before youve established a friendship. Are you guaranteed to be able to leverage this later? Absolutely not. But thats not the point the point is that when you act unselfishly when you behave as you would to a great friend trustworthy and trusting, respectful and kind then more often than not, good things will come in the relationship." Source: LinkedIn 'Follow Your Instincts' --Michael Moritz, Chairman of Sequoia Capital "'Follow your instincts' was the terse, three-word suggestion I received 25 years ago from Don Valentine, founder of Sequoia Capital.