Category: Medicare
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 […]
The fear of huge medical bills causes worry to many a retiree. However, there is hope of solving the situation. Retirees generally fear that a medical expense shock will decimate their savings. However, there are ways to make the shock less stressful, according to Reuters in “How to shockproof your retirement healthcare costs“. Brightwork Partners discovered in […]
The choice of a nursing home is crucial and how is one assured of high quality care? Recently, some researchers looked at the quality of care that traditional Medicare enrollees receive versus Medicare Advantage enrollees, according to ElderLawAnswers in “Are Medicare Advantage Plans Steering Enrollees to Lower-Quality Nursing Homes?“. It turns out that Medicare Advantage […]
Since a plan is required when a Medicare patient leaves a hospital, it is best if the patient and family check into their potential options and the accuracy of information they have received. Medicare requires that a plan for care be developed with a social worker when a patient is about to be discharged and […]
