Tag: Medicare
A “cost of care” survey reveals high annual expenditures for care. People are often unaware of the fact that health insurance and Medicare will pay little, if any, of the costs of long-term care, according to the New Hampshire Business Review in “The dilemma of long-term care“. Some families may try to care for a […]
Once you’re on Medicare, you can’t have it both ways. Many people find it useful to have a Health Savings Account. However, they can run into difficulties when they enter the world of Social Security, according to CNBC in “Near retirement and have a health savings account? Beware of snags when claiming Social Security“. As […]
Not enough savings and too much spending? You move along through life and perhaps think about retirement, but some people do not plan retirement, until they are in their mid 50s. The result? Mistakes have already been made, according to The Street in “Avoid These Big Mistakes in Your Retirement Planning“. The biggest, most obvious […]
It is not only your decisions that create a comfortable retirement but also the impact of economic events. One of the keys to supporting a successful retirement, is to generate sufficient income to enjoy a comfortable retirement and also employ tactics that protect your income from possible changes over time, according to CNBC.com in “Here […]
If you are ready to pack up and leave the work life behind, there are a few things to consider. You have worked for decades and it is now time to retire. But wait, there are some things it would be wise to accomplish during those last months of working, according to Next Avenue in […]
The 65th birthday is key, when it comes to Medicare and the deadlines are taken seriously. Potential Medicare enrollees can face some pretty stiff late-enrollment penalties and they don’t end, according to The New York Times in “If You Do Medicare Sign-Up Wrong, It Will Cost You“. The mistakes are expensive and they are frequently […]
Retirement accounts usually have the largest impact. However, there are also other income streams. One of the surprises that can catch you unawares is that taxes during the working years are usually much simpler than taxes during retirement, according to The News Tribune in “Implement an efficient tax strategy to make sure your retirement income […]
Thinking of traveling after years of work? Plan for it and save for it. When it comes to planning for your retirement, consider the possibilities that await you. However, you also should consider the fact you will most likely be living on a fixed budget and costs become crucial, according to Investopedia in “How to […]
It doesn’t just kick in. You have some work to make it happen. Retirement is a general word that includes Medicare, Social Security and many other retirement options and those can become challenging and confusing, according to newsok.com in “The ABCs (And D’s) of Medicare and other retirement questions answered“. Both Social Security and Medicare […]
Retirees may find themselves facing a major federal tax increase fueled by tax-deferred accounts. There are many financial strategies occurring as you save toward your retirement, including maximized annual contributions and compounding interest. This can cause a tremendous tax bite, unless you are careful, according to the Citizen Times in its article “Try this strategy […]
