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IF YOU CAN’T EXPLAIN IT ON ONE PAGE . . . DON’T DO IT!!

Over this past week, I’ve been watching many different proposals around health insurance in the United States.  In one magazine, Investors Business Daily, they had a flow chart of what the health insurance plan would look like.  It looked more like an electrical engineering chart of the Empire State Building than it did a health insurance plan.  At the end of the day, one of the things that I would tell you being a Certified Financial Planner® the past 13 years is that any type of investment that you do which cannot be explained easily on one page is probably not worth you doing.  You should be able to explain it to your ten year old.

So I have a little bit of advice for the people policy makers in Washington, D.C.   For the future of health insurance in our country.  Just make it simple for us.   I’d like to be able to explain it on one page to my eleven year old.   Then, and only then, will I think it makes sense.

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Atlanta Georgia’s oXYGen Financial, Inc. co-CEO Ted Jenkin is one of the foremost knowledgeable professionals in giving financial advice to the X and Y Generation.

About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin @ Your Smart Money Moves

Hey!

My friends and family all think I’m a workaholic, but I say I’m just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

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Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation. 

Background and qualification information is available at FINRA's BrokerCheck website.

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