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Asset Preservation Advisors




City:Atlanta

State: GA



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APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Health Care News Not Good for What Ails Affluent Economic Outlook

Twenty-nine percent of Affluent investors said that health care is the news story currently impacting their economic outlook. This is almost double the percentage who responded similarly (15 percent) when this question was last asked in August.

| BY Donald Liebenson

There has been no shortage of economic and related political news to compel watchful Affluent investors, but when asked which is having the most impact on their economic outlook, the highest percentage pointed to news about health care.

The Affordable Care Act website launched Oct. 1 to widespread complaints about system glitches. Earlier this month, the Obama administration released figures that showed only 26,794 people bought health insurance on the federal website. Another 79,391 bought policies on state-run websites. The White House had hoped half a million people would have signed up in the first month the site was active.  

In addition to what the president referred to as the “fumble” of the rollout of his signature legislation, many Americans were hit with cancellation letters from their insurance carriers, which the president had earlier pledged would not happen under the ACA. He was forced in November to talk back his promise that all individuals who liked their plan or doctor would be able to keep them.

Health care costs is an issue of increasing concern for Affluent investors. In a Spectrem's Millionaire Corner survey conducted earlier this year, close to two-thirds of high net worth investors said they felt that health care costs could undermine their retirement security.

Twenty-nine percent of Affluent investors said that health care is the news story currently impacting their economic outlook. This is almost double the percentage who responded similarly (15 percent) when this question was last asked in August.

Nine percent of respondents said that news about the stock market was most impacting their economic outlook. This is up from 6 percent three months ago. An equal percentage said that unemployment and fiscal cliff/sequester news were the stories they were most closely watching.

The political environment, exacerbated in November by congressional hearings about the botched ACA rollout, was cited by 6 percent of Affluent investors, followed by the economy (5 percent) and international problems (2 percent).



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.