For many Americans, turning 65 marks the transition from employer-provided health insurance to Medicare. While Medicare is a vital benefit, it can also be complex, with distinct parts, coverage limits, and enrollment rules that can easily overwhelm retirees. Understanding the basics now can help you avoid costly mistakes later in your retirement.
With market volatility and inflation affecting people’s finances, talk about investment strategies and portfolio longevity seems to dominate retirement planning conversations. But we feel one of the most important aspects of retirement is often overlooked in these conversations: healthcare costs. There are many unexpected costs in retirement, but healthcare can be one of the largest […]
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 we believe good health is priceless, it could cost you in retirement. First, know what you can do during the Medicare Fall […]
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. […]
