Although approximately 48 million Americans are receiving Social Security retirement benefits, many are still actively employed and hope to one day receive these benefits. If you are one of these soon-to-be retirees, you should know that there are things you can do to ensure a comfortable retirement financially.
MINNEAPOLIS, MINNESOTA – In late January, a client named Bill contacted me in a panic. He had lost his job and his healthcare insurance and needed to enroll in Medicare by March 1. Having already been automatically enrolled in Medicare Part A by Social Security, Bill now needed to enroll in Part B, but was facing difficulties doing so. One of his main challenges was not having his Medicare card on hand, which is a …
When you reach the age of 65, there are five financial milestones you should be aware of. Even if you aren’t quite ready to retire just yet, this is an important age for planning your future.
As far as individual income tax rates are concerned, 2022 is likely to go virtually unnoticed unless a lame-duck Congress passes some hasty legislation. However, several crucial federal tax decisions are still to be made before the end of the year that may lead to cost savings, especially for investors.
One of the most significant expenses you’ll face in retirement is healthcare. Fidelity estimates that the average 65-year-old couple retiring in 2022 will require about $300,000 to cover all of their medical expenses, not including dental or long-term care. Although there is no way to avoid retirement healthcare costs altogether, you can lower them by using the advice in this article.
As a new generation of Americans enters the market and workforce, many are also gearing up to exit. While most adult Americans have a general idea about what goes into building a good foundation for retirement, there may still be a few eclectic facts that may have slipped by. We aim to illuminate some of these facts so you can handle them during your retirement planning.
Washington, D.C. – As a country at the forefront of health care advancements, the United States has made significant progress in treating and preventing many diseases. However, one area that often gets overlooked is oral health. For many Americans, access to oral health care is not a luxury but a fundamental right that should be available to all, regardless of their background or zip code. In a recent interview for the “Chew on This” livestream …
WASHINGTON, D.C. – In an effort to address the rising costs of prescription drugs for elderly Americans, the Biden administration presented offers to pharmaceutical companies for 10 widely used medications on Thursday. This marks the beginning of negotiations over drug prices for Medicare, as the Department of Health and Human Services seeks to make essential medications more affordable for seniors. The selected drugs include a variety of treatments for conditions such as heart failure, stroke, …
Because of coverage gaps, Medicare recipients can quickly accrue enormous out-of-pocket expenses.
Here are a few strategies to save money on Medicare-ineligible expenses (eyeglasses, hearing aids, and dental treatment).
PORTLAND, Oregon – U.S. Representatives Earl Blumenauer and Marie Gluesenkamp Perez were at odds with the national AFL-CIO over a bill in Congress that could potentially impact Social Security and Medicare. The bill, known as the Fiscal Commission Act of 2023, seeks to establish a 16-member commission to address federal deficit reduction through spending cuts and revenue changes. This proposal would receive “fast track” treatment and bypass the typical legislative process, going directly to the …