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Investment Planning Guidance and Services ## Sitemaps - [XML Sitemap](https://drexelandco.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Why Michael Burry’s AI Bet Misses the Point!](https://drexelandco.com/why-michael-burrys-ai-bet-misses-the-point/) - The performance gap between the S&P 500 and the S&P 500 Equal Weight Index is at its highest since March 2000, which was around the time of the dot-com bubble. - [Newsletter October](https://drexelandco.com/newsletter-october/) - Black and Beige Modern Minimal Interior Email Newsletter by Steve Hepburn - [Powell Was Right to Cut Rates—But Why Did He Wait So Long?](https://drexelandco.com/powell-was-right-to-cut-rates-but-why-did-he-wait-so-long/) - The performance gap between the S&P 500 and the S&P 500 Equal Weight Index is at its highest since March 2000, which was around the time of the dot-com bubble. - [The Fed Shouldn't Have Cut Rates! The Case That Jerome Powell's September 2025 Decision Was a Mistake!](https://drexelandco.com/the-fed-shouldnt-have-cut-rates-the-case-that-jerome-powells-september-2025-decision-was-a-mistake/) - The performance gap between the S&P 500 and the S&P 500 Equal Weight Index is at its highest since March 2000, which was around the time of the dot-com bubble. - [The Power Paradox: How AI’s Energy Appetite Could Fuel Inflation — and Why Immediate Action Matters​](https://drexelandco.com/the-power-paradoxhow-ais-energy-appetite-could-fuel-inflationand-why-immediate-action-matters/) - The performance gap between the S&P 500 and the S&P 500 Equal Weight Index is at its highest since March 2000, which was around the time of the dot-com bubble. - [Are We Heading for an AI Dot-Com Bubble? 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Our clients’ investments make a difference not only in their own lives but also leave a legacy for their families, communities, and the greater culture. If your financial statement lacks the values you hold dear, we want to hear from you. - [Financial Advisor Bel Air MD: Premier Wealth Management for Affluent Professionals](https://drexelandco.com/services/financial-advisor-bel-air-md-premier-wealth-management-for-affluent-professionals/) - Financial Advisor Fallston MD: Wealth Management for Affluent Investors Sophisticated wealth management for Fallston’s most successful families. As affluent Fallston residents, you’ve worked hard to build substantial assets. Now you need expert guidance to preserve, grow, and transfer your wealth strategically. Drexel & Co. Financial Planning is located right here in Fallston, Maryland, specializing in - [Financial Advisor Forest Hill MD: Exclusive Wealth Management for Affluent Families](https://drexelandco.com/services/financial-advisor-forest-hill-md-exclusive-wealth-management-for-affluent-families/) - Financial Advisor Forest Hill MD: Exclusive Wealth Management for Affluent Families Sophisticated financial planning for Forest Hill’s most successful residents. Nestled in the heart of Harford County, Forest Hill attracts accomplished professionals and affluent families who value both privacy and proximity to major employment centers.Get to know us when convenient for you. Click HEREDrexel & - [Financial Advisor Fallston MD: Wealth Management for Affluent Investors - Duplicate - [#1703]](https://drexelandco.com/services/financial-advisor-fallston-md-wealth-management-for-affluent-investors-duplicate-1703/) - Financial Advisor Bel Air MD: Premier Wealth Management for Affluent Professionals Sophisticated financial planning for Bel Air’s most successful families. As the county seat of Harford County, Bel Air attracts accomplished professionals, business leaders, and affluent retirees who demand expert wealth management services.Drexel & Co. Financial Planning, located just minutes from downtown Bel Air in - [How to Calculate Your FERS Retirement Annuity for Federal Employees | 2025 ](https://drexelandco.com/services/how-to-calculate-your-fers-retirement-annuity-for-federal-employees-2025/) - How to Calculate Your FERS Retirement Annuity: 2025 Complete Guide for Federal EmployeesAre you a federal employee wondering exactly how much your FERS retirement annuity will be? With recent 2025 updates from the Office of Personnel Management (OPM), it’s more important than ever to understand your federal retirement benefits and plan accordingly.At Drexel & Co. - [Social Security Strategies for Maryland Federal Retirees 2025: Complete Guide](https://drexelandco.com/services/social-security-strategies-for-maryland-federal-retirees-2025-complete-guide/) - Social Security Strategies for Maryland Federal Retirees 2025: Complete Guide Are you leaving thousands in Social Security benefits on the table? A recent analysis shows that Maryland federal employees who optimize their Social Security claiming strategy can increase their lifetime benefits by $100,000 or more. With Maryland’s higher cost of living, maximizing every dollar of - [How Aberdeen Proving Ground Federal Employees do Financial Planning](https://drexelandco.com/services/how-aberdeen-proving-ground-federal-employees-do-financial-planning/) - Aberdeen Proving Ground Federal Employee Financial Planning - [Fooled, is crypto the biggest financial lie of all time?](https://drexelandco.com/wealth-planning-articles-secure-your-financial-future-with-smart-strategies/fooled-is-crypto-the-biggest-financial-lie-of-all-time/) - Wealth Planning Foundations Fooled, is crypto the biggest financial lie of all time? https://drexelandco.com/wp-content/uploads/2024/12/gambling.mp4In the summer of 2022, Sean Russell, a 38-year-old from the United Kingdom, invested his entire life savings of £120,000 into Crypto currency, lured by the promise of substantial returns. Initially, his investment quadrupled, reaching nearly £500,000 within a month. However, the - [Articles](https://drexelandco.com/for-approval-articles/) - Articles Learning is The The Beginning of Great Investing. Check Out Our Most Recent Articles Below. It equips individuals with the knowledge and insights needed to make informed decisions in the complex world of finance. Continuously educating oneself about market trends, financial instruments, and economic principles enhances one’s ability to identify opportunities, manage risks, and - [Estate Planning: Show Your Loved Ones You Care with Thoughtful Planning](https://drexelandco.com/estate-planning-essentials/) - Estate Planning: Show Your Loved Ones You Care with Thoughtful Planning Learning is The The Beginning of Great Investing. It equips individuals with the knowledge and insights needed to make informed decisions in the complex world of finance. Continuously educating oneself about market trends, financial instruments, and economic principles enhances one’s ability to identify opportunities, - [Risk Management: STRATEGIES FOR FINANCIAL CONFIDENCE](https://drexelandco.com/risk-management-strategies-for-financial-confidence/) - Risk Management: STRATEGIES FOR FINANCIAL CONFIDENCE Learning is The The Beginning of Great Investing. It equips individuals with the knowledge and insights needed to make informed decisions in the complex world of finance. Continuously educating oneself about market trends, financial instruments, and economic principles enhances one’s ability to identify opportunities, manage risks, and ultimately achieve - [Investment Management: STRATEGIES DESIGNED TO GROW AND PROTECT YOUR WEALTH](https://drexelandco.com/investment-management-strategies-designed-to-grow-and-protect-your-wealth/) - Investment Management: STRATEGIES DESIGNED TO GROW AND PROTECT YOUR WEALTH Learning is The The Beginning of Great Investing. It equips individuals with the knowledge and insights needed to make informed decisions in the complex world of finance. Continuously educating oneself about market trends, financial instruments, and economic principles enhances one’s ability to identify opportunities, manage - [Retirement Planning: TAKE CHARGE OF YOUR FINANCIAL FUTURE](https://drexelandco.com/retirement-planning-take-charge-of-your-financial-future/) - Retirement Planning: TAKE CHARGE OF YOUR FINANCIAL FUTURE Retirement Planning Essentials Before you file, learn how to max out Social Security, RetirEment planning https://drexelandco.com/wp-content/uploads/2024/12/watergrandmadaughter.mp4 Before you file, learn how to max out Social Security. Maximizing your Social Security benefits requires strategic planning andRead More How can I retire? Retirement Planning https://drexelandco.com/wp-content/uploads/2024/12/driving-journey-mountain-range.mp4 How can I retire? - [Charitable Gift Planning: WAYS TO MAXIMIZE YOUR IMPACT WHILE MINIMIZING TAXES](https://drexelandco.com/charitable-gift-planning/) - Charitable Gift Planning: WAYS TO MAXIMIZE YOUR IMPACT WHILE MINIMIZING TAXES How to loose all your money, assets! Wealth Planning Foundations How to Lose All Your Money, Assets! https://drexelandco.com/wp-content/uploads/2024/11/3974558-hd_1920_1080_30fps.mp4 A Guide to Thinking About Insurance Want to know the fastestRead More How to Safeguard Your Assets from Creditors: Protect Your Wealth Now Asset protection Strategies - [Tax Strategies: legally pay less now](https://drexelandco.com/tax-strategies-legally-pay-less-now/) - Tax Strategies: legally pay less now Tax Strategies It equips individuals with the knowledge and insights needed to make informed decisions in the complex world of finance. Continuously educating oneself about market trends, financial instruments, and economic principles enhances one’s ability to identify opportunities, manage risks, and ultimately achieve success in investing. DEATH TAX! Tax - [Asset Protection Strategies: Safeguard Your Wealth and Secure Your Legacy](https://drexelandco.com/asset-protection-strategies-safeguard-your-wealth-and-secure-your-legacy/) - Asset Protection Strategies: Safeguard Your Wealth and Secure Your Legacy Learning is The The Beginning of Great Investing. It equips individuals with the knowledge and insights needed to make informed decisions in the complex world of finance. Continuously educating oneself about market trends, financial instruments, and economic principles enhances one’s ability to identify opportunities, manage - [Wealth Planning Articles: Secure Your Financial Future with Smart Strategies](https://drexelandco.com/wealth-planning-articles-secure-your-financial-future-with-smart-strategies/) - Wealth Planning Articles: Secure Your Financial Future with Smart Strategies WHAT IS FOUNDATIONAL? FrameworkFollow the Financial Planning Process to create a personalized, actionable strategy.Assess Risk (Tolerance, Capacity, Requirement) to align financial decisions with the client’s comfort and objectives.Choose Account Types based on goals of security, growth, liquidity, or tax efficiency.Leverage Decision Science to guide clients - [7 Steps to RETIRE as a business owner](https://drexelandco.com/business-succession-planning/7-steps-to-retire-as-a-business-owner/) - Business Succession Planning How to RETIRE as a BUSINESS OWNER Developing a comprehensive business succession plan is essential for ensuring a smooth transition of leadership and the continued success of your organization. Let’s delve deeper into each step of the process: Assess Personal, Family, and Business Continuation Needs: Personal Purpose: Reflect on your personal goals - [Are Index Funds the best?](https://drexelandco.com/investment-management-strategies-designed-to-grow-and-protect-your-wealth/are-index-funds-the-best/) - Investment Management Are Index Funds the best? What are Index Funds: A Historical PerspectiveIndex funds originated as tools to measure market performance, providing benchmarks for investors and analysts. Index Funds were used to judge how investment managers are doing investing money. In the 1970s, this concept evolved into an investment strategy, notably with the creation - [Asset Allocation vs Diversification: Battle to the death!](https://drexelandco.com/investment-management-strategies-designed-to-grow-and-protect-your-wealth/asset-allocation-vs-diversification-battle-to-the-death/) - Wealth Planning Foundations Asset Allocation vs Diversification: BATTLE TO THE DEATH! Asset Allocation vs Diversification: Battle to the Death!Investing is often fraught with debates over the best strategies to achieve financial goals while managing risk. Two commonly mentioned concepts, asset allocation and diversification, are often misunderstood or conflated. But which one reigns supreme, and what - [Before you file, learn how to max out Social Security,](https://drexelandco.com/retirement-planning-take-charge-of-your-financial-future/before-you-file-learn-how-to-max-out-social-security/) - RetirEment planning Before you file, learn how to max out Social Security. Maximizing your Social Security benefits requires strategic planning and informed decision-making. Here are key strategies to help you enhance your benefits:1. Delay Claiming BenefitsThe age at which you begin receiving Social Security significantly impacts your monthly benefit amount. You can start as early - [Lower taxes by giving to charity? Let's look at a CRT, Charitable Remainder Trust.](https://drexelandco.com/charitable-gift-planning/lower-taxes-by-giving-to-charity-lets-look-at-a-crt-charitable-remainder-trust/) - Charitable Gift Planning Charitable Remainder Trusts: How They Work and Their Advantages A Charitable Remainder Trust (CRT) is an irrevocable trust that allows individuals to donate assets to a chosen charity while retaining an income stream for themselves or other beneficiaries. This estate planning tool offers significant tax advantages and supports philanthropic goals. How Charitable - [DEATH TAX!](https://drexelandco.com/tax-strategies-legally-pay-less-now/death-tax/) - Tax Strategies/ Estate planning DEATH TAXES! Understanding the Death Tax: History, Strategies, and Future Outlook At Drexel and Co. Financial Planning, we recognize that estate planning can be an emotional and complex process. One of the most misunderstood aspects of estate planning is the “death tax,” more formally known as the estate tax. By understanding - [Financial Planners STOPPED investing money!](https://drexelandco.com/investment-management-strategies-designed-to-grow-and-protect-your-wealth/financial-planners-stopped-investing-money/) - Investment Management FINANCIAL ADVISORS HAVE ABANDONED INVESTING PEOPLES MONEY In recent years, a notable shift has emerged within the financial advisory industry: many seasoned advisors are delegating investment management responsibilities to third-party specialists. This trend allows advisors to concentrate on personalized financial planning and goal-setting with their clients, entrusting the intricacies of portfolio management to - [Good Sportsmanship? How to take a Loss](https://drexelandco.com/tax-strategies-legally-pay-less-now/good-sportsmanship-how-to-take-a-loss/) - Tax strategies Good Sportsmanship? How to take a Loss. Tax Loss Harvesting Good Sportsmanship: How to Take a Loss with Tax Loss Harvesting At Drexel and Co. Financial Planning, we know that losses in investing can be disappointing, but they can also present valuable opportunities to optimize your portfolio and reduce your tax liabilities. Tax - [How can I retire?](https://drexelandco.com/retirement-planning-take-charge-of-your-financial-future/can-i-retire/) - Retirement Planning How can I retire? Can I Retire? A Holistic Approach to Retirement PlanningRetirement is more than a financial milestone—it’s an emotional and psychological transformation. To answer the question, “Can I retire?” requires an honest evaluation of not only your financial readiness but also your emotional capacity to embrace change. Before diving into the - [How to loose all your money, assets!](https://drexelandco.com/risk-management-strategies-for-financial-confidence/how-to-loose-all-your-money-assets/) - Wealth Planning Foundations How to Lose All Your Money, Assets! A Guide to Thinking About Insurance Want to know the fastest way to lose everything you’ve worked for? It’s easy: ignore insurance, underestimate risk, and hope for the best. Without proper coverage, one unexpected event can leave you in financial ruin. But here’s the thing: - [HOW TO LOWER TAXES, GIVE STOCK, INVEST INCOME.](https://drexelandco.com/charitable-gift-planning/how-to-lower-taxes-give-stock-invest-income/) - Tax strategies Understanding Donor-Advised Funds and Their Benefits In 2016, I earned my Certified Financial Planner (CFP) designation alongside my friend Peter; we both passed the exam together. Fast forward several years, and Peter’s dedication to his clients has paid off handsomely, with his income reaching $50,000 per month.During a recent conversation about managing expenses, - [Maximize Tax Savings with Business Retirement Plans](https://drexelandco.com/business-retirement-plans/maximize-tax-savings-with-business-retirement-plans/) - Business Retirement Plans Maximize Tax Savings with Business Retirement Plans Implementing a retirement plan for your business not only secures your employees’ futures but also offers substantial tax advantages for your company. At Drexel & Co. Financial Planning, we specialize in helping businesses establish and manage retirement plans that optimize tax benefits and support long-term - [Sell your business? Legal Structures Matter](https://drexelandco.com/business-succession-planning/sell-your-business-legal-structures-matter/) - Business Succession Planning Why Legal Structure Matter Why Legal Structure Matter The structure of your business succession impacts: Tax Efficiency: The structure determines how much of the proceeds you keep. Ownership Transferability: It affects how easily ownership changes hands. Control and Decision-Making: Who gets to lead the business after you step away? Investor Interest: For - [Stocks, Bonds, Mutual Funds, Options, Alternatives, Crypto, ETFs: What Is All This Stuff?](https://drexelandco.com/investment-management-strategies-designed-to-grow-and-protect-your-wealth/stocks-bonds-mutual-funds-options-alternatives-crypto-etfs-what-is-all-this-stuff/) - Investment Management Stocks, Bonds, Mutual Funds, Options, Alternatives, Crypto, ETFs: What Is All This Stuff? Investing can seem like a big, confusing world with lots of new words and ideas. To make it easier, let’s think of your investments as parts of a farm. Each type of investment is like a different animal or tool - [Tax-Advantaged Accounts and Common Pitfalls](https://drexelandco.com/tax-strategies-legally-pay-less-now/tax-advantaged-accounts-and-common-pitfalls/) - Tax Strategies Tax-Advantaged Accounts and Common Pitfalls Understanding Tax-Advantaged Accounts and Their Benefits At Drexel and Co. Financial Planning, we believe in empowering individuals and businesses to make informed decisions about their finances. One of the most effective tools for building and preserving wealth is the strategic use of tax-advantaged accounts. These accounts provide opportunities - [What is a donor advised fund? ...](https://drexelandco.com/charitable-gift-planning/what-is-a-donor-advised-fund/) - Tax strategies Understanding Donor-Advised Funds and Their Benefits A donor-advised fund (DAF) is an increasingly popular tool for charitable giving, offering individuals, families, and businesses a flexible and efficient way to support their philanthropic goals. By combining immediate tax advantages with strategic giving opportunities, DAFs empower donors to make a meaningful impact while simplifying the - [How to Start a Retirement Plan for my Business?](https://drexelandco.com/business-retirement-plans/how-to-start-a-retirement-plan-for-my-business/) - Business Retirement Plans How to Start a Retirement Plan for Your Business Establishing a retirement plan is a strategic move that benefits both your business and your employees. It enhances employee satisfaction, aids in talent retention, and offers tax advantages. At Drexel & Co. Financial Planning, we specialize in guiding businesses through the process of - [Services](https://drexelandco.com/services/) - Financial Planning Services How we help our clients In addition to their focus on honesty and trust, Drexel and Co. offers a comprehensive list of financial planning services. Whether you are looking to grow your wealth, save for retirement or plan for your business’s future, we have the expertise and resources to help you reach - [Protect what is yours; The Power of Asset Protection](https://drexelandco.com/asset-protection-strategies-safeguard-your-wealth-and-secure-your-legacy/protect-what-is-yours-the-power-of-asset-protection/) - Asset protection Protect What’s Yours: The Power of Asset Protection Protect What’s Yours: The Power of Asset ProtectionLadies and gentlemen, life doesn’t hand out guarantees. You’ve worked hard, built something valuable, and along the way, you’ve made sacrifices. But the sad truth is, without the right protections, it can all vanish in an instant—snatched away - [How to Safeguard Your Assets from Creditors: Protect Your Wealth Now](https://drexelandco.com/asset-protection-strategies-safeguard-your-wealth-and-secure-your-legacy/how-to-safeguard-your-assets-from-creditors-protect-your-wealth-now/) - Asset protection Strategies to Safeguard Assets from Potential Creditors: A Fight Worth Fighting Ladies and gentlemen, life isn’t always fair. You’ve worked for decades, building something out of nothing—whether it’s a family business, a nest egg, or a home filled with memories. But one wrong move, one unexpected lawsuit, and everything you’ve worked for could - [What risk? 10 Most Significant Risks in Investing and Financial Planning](https://drexelandco.com/risk-management-strategies-for-financial-confidence/what-risk-10-most-significant-risks-in-investing-and-financial-planning/) - Wealth Planning Foundations The Top 10 Risks of Financial Planning..... The Sailboat of Stewardship: Risks That Guide the Voyage Imagine that your financial plan is not a ledger of numbers or a sterile graph but a sailboat, crafted to carry you across the tumultuous seas of life. This boat, though sturdy, cannot command the winds - [How to get an Emergency Fund Now!](https://drexelandco.com/risk-management-strategies-for-financial-confidence/how-to-get-an-emergency-fund-now/) - An emergency fund is your safety net, protecting you from unexpected expenses like car repairs, medical bills, or job loss, ensuring financial stability. - [Fundamental Analysis vs Technical Analysis: Is this important?](https://drexelandco.com/wealth-planning-articles-secure-your-financial-future-with-smart-strategies/fundamental-analysis-vs-technical-analysis-is-this-important/) - Wealth Planning Foundations Fundamental Analysis vs Technical Analysis: Is this important? Fundamental Analysis vs Technical Analysis: Understanding the Key DifferencesInvestors and traders often rely on two primary methods to evaluate and choose investments: fundamental analysis and technical analysis. While both aim to guide decision-making in the financial markets, their approaches, tools, and underlying philosophies differ - [Medicare](https://drexelandco.com/medicare/) - Medicare Medicare Resources Here Financial Advisor Fallston MD: Wealth Management for Affluent Investors – Duplicate – [#1703] Financial Advisor Bel Air MD: Premier Wealth Management for Affluent Professionals Sophisticated financial planning for Bel Air’s most successful families. As theRead More Financial Advisor Bel Air MD: Premier Wealth Management for Affluent Professionals Financial Advisor Fallston MD: - [Combatting Inflation: Protecting Your Wealth with Smart Investment Strategies](https://drexelandco.com/wealth-planning-articles-secure-your-financial-future-with-smart-strategies/combatting-inflation-protecting-your-wealth-with-smart-investment-strategies/) - Wealth Planning Foundations Combatting Inflation: Protecting Your Wealth with Smart Investment Strategies The Impact of Inflation on Wealth and How to Mitigate It Inflation, often described as a silent thief, subtly siphons away the value of money over time. This phenomenon affects everyone from the individual saver to the largest corporations, not by openly raising - [The Financial Planning Process: Your Roadmap to Financial Success​](https://drexelandco.com/wealth-planning-articles-secure-your-financial-future-with-smart-strategies/wealth-palnning-foundations/) - Wealth Planning Foundations The Financial Planning Process: Your Roadmap to Financial Success At Drexel and Co. Financial Planning, we specialize in helping individuals, families, and businesses achieve financial security and long-term wealth. Our financial planning process is designed to simplify complex decisions, align with your goals, and deliver peace of mind. Whether you’re planning for - [What is Fee Only Financial Advice?](https://drexelandco.com/wealth-planning-articles-secure-your-financial-future-with-smart-strategies/what-is-fee-only-financial-advice/) - Learn about fee-only financial advising, a transparent and commission-free approach that offers unbiased financial guidance tailored to your unique needs. - [Medicare Service](https://drexelandco.com/medicare/medicare-service/) - Medicare Service Medicare Headline Here Some text about the value of this medcare info. Your Headline about Medicare Post Ever wonder why sometimes when people are doing a yard sale, garage sale, tag sale things are priced as if everything was brand new?​Read More “ The habit of saving is itself an education; it fosters - [Ethical Wealth: Catholic Investment Strategies for you](https://drexelandco.com/services/ethical-investing-catholic/) - Ethical Investing a Catholic Perspective Based on St. Thomas Aquinas and Western Moral TheologyPromotion of the Common Good: Investments should support companies and projects that contribute to the welfare of the community, respecting human rights and environmental sustainability. They should help build a more just and compassionate society, in line with the Catholic understanding of - [Ethical Wealth: Christian Investment Strategies for you](https://drexelandco.com/services/ethical-wealth-christian-investment-strategies-for-you/) - Ethical Investing Christian Investment Principles, the American Protestant TraditionHelping the CommunityWe should put our money into companies and projects that help people and protect the environment. This way, we can help make the world a better place for everyone.John Wesley’s Sermon “The Use of Money”Westminster Confession of Faith, Chapter 16“The Believer’s Stewardship” by R. C. - [Top Medicare Filing Mistakes to Avoid in 2024](https://drexelandco.com/medicare/top-medicare-filing-mistakes-to-avoid-in-2024/) - Avoid Medicare mistakes with Drexel & Co. Learn about Medicare types, timely enrollment, plan reviews, and financial support for 2024. - [Simple Guide to Medicare Parts](https://drexelandco.com/medicare/simple-guide-to-medicare-parts/) - Learn about Medicare Parts A, B, C, & D. Understand what each part covers, costs, and how to choose the best plan for your needs. - [Navigating Medicare Filing: How to Help Your Family](https://drexelandco.com/medicare/navigating-medicare-filing-how-to-help-your-family/) - Help loved ones with Medicare open enrollment. Get tips on preparation, understanding needs, seeking help, and avoiding scams - [Medicare changes you need to know 2024​](https://drexelandco.com/medicare/medicare-changes-you-need-to-know-2024/) - Medicare Medicare changes you need to know 2024 Important Medicare Changes in 2024: What You Need to KnowChanges are coming to Medicare costs and coverage in 2024, impacting both Original Medicare and Medicare Advantage beneficiaries. 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