Your Health is Priceless – But How Much Will It Cost You?

One of your largest retirement expenses could be your healthcare costs. An average 65-year-old couple retiring today will need an estimated $300,000 to cover their healthcare costs, according to a recent study.[1] Although good health is priceless, it could cost you in retirement. First, know what you can do during the Medicare Fall Open Enrollment period. You Can Switch From Original Medicare to Medicare Advantage Original Medicare consists of Part A, which covers hospital stays, skilled [...]

2021-11-05T20:03:38+00:00November 5, 2021|Healthcare, Medicare|

Examining the Future of Social Security, Medicare, and Your Taxes

The Social Security trust fund is now expected to be depleted by 2034, according to a recent report from the Social Security and Medicare trustees.[1] That’s one year earlier than they reported last year, and the pandemic is to blame. Less was collected in payroll taxes when unemployment was high, and more people claimed benefits. Although this information may seem like a death sentence for the program, the truth regarding the future of Social Security, Medicare, and [...]

2021-10-13T20:21:28+00:00October 13, 2021|Medicare, Retirement Planning, Social Security, taxes|

Medicare Fall Open Enrollment Information

With the Medicare fall open enrollment period officially underway for the next 7 weeks, it’s time to look at what that means for you. Every October we are reminded of the Medicare decisions that we face. Should you keep your coverage? Should you make some changes? If you do decide to make changes, it must be done by December 7, 2018 and it will be effective starting January 1, 2019. But, how do you know what [...]

2018-10-22T23:17:10+00:00October 22, 2018|Medicare|
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