Creating a retirement cash flow strategy can be daunting. If you’ve spent the better part of your life budgeting based on the money that comes in from your job, creating a cash flow plan from… Read More
How the IRMAA Could Increase Your Medicare Premiums — and What You Can Do to Avoid This
One assumption some people have about retiree healthcare expenses is that when they turn 65 and become eligible for Medicare, their health insurance will be a low rate that doesn’t change. While it’s true that… Read More
Early Retirement and Federal Employee Healthcare Benefits
Carefully Examine Your Healthcare Options Due to the COVID-19 pandemic and other factors, many employees today are thinking about early retirement, and this includes some federal government employees. As we wrote in our post on early… Read More
Key Retirement Dates You Should Know
Retirement is a process – here are some key dates you should know
Retirement Income Planning
I’ve written about retirement income planning before, and at first glance it should be pretty simple. The idea of figuring out what expenses you’ll have and then lining up your sources of income and funds… Read More
Working Past Retirement Age – Things to Consider
A pretty common stereotype when it comes to retirement is the overworked, underpaid worker who would retire immediately and pursue the Island Life if they only could. And while I have worked with some clients… Read More
Medigap Insurance: What You Need to Know
If you are planning for retirement, estimating healthcare costs should be part of your plan. In recent posts, I have covered a Vanguard study on retirement healthcare spending, as well as the structure of traditional… Read More
Prescription Drugs and Medicare: How to Enroll in Part D
In a previous post, I took a look at Medicare Parts A & B, which cover many types of inpatient care along with what are generally defined as medically necessary services. In this post, I’ll… Read More
Understanding Medicare: Your Medicare Coverage Choices
In the last blog post, I outlined key findings from a recent Vanguard white paper on healthcare spending in retirement. In this post, I’ll break down the various parts of understanding Medicare—traditional Medicare—as you consider… Read More
Spending on Healthcare in Retirement: How to Plan for It in Your Budget
If you are planning to retire, budgeting for healthcare should be part of your plans. In fact, when we build plans, we have begun breaking out healthcare costs as a separate category. Doing so allows… Read More