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Medicare will begin to pay for continuous glucose monitors
The Centers for Medicare and Medicaid have released their final rule expanding Medicare coverage for all continuous glucose monitors. This ruling will increase diabetes treatment choices for people with Medicare. The Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) final…
Financial factors you need to consider in your retirement plan
According to financial experts, retirement planning should be a lifelong process. There will be times when you will need to reassess those plans due to your financial circumstances. But there are core things that you should always consider. The Forbes…
Don’t start off retirement on the wrong foot
We are about to close out another year; are you thinking of retiring in 2022? As you count down the days before you officially retire, there are a few decisions you need to make to set you up for many…
Married couples should work together to maximize Social Security benefits
If you are married and approaching retirement age, the decision on what age you should file for your Social Security benefits is important and should be a mutual one. Why? Married couples have more options to maximize their Social Security…
Behind the Medicare Part B increase
Although Social Security recipients will see the highest cost-of-living adjustment in almost 40 years; however, for Medicare beneficiaries, the raise will be diminished by an even larger cost increase in their Part B premiums. Part B premium increase of $21.60,…
You need to be prepared for things not going according to plan
Planning for retirement is essential, but those plans don’t always work out. The results from a recent survey by Goldman Sachs found there is as much as a fifty-one percent chance your retirement plans could end up being derailed. Why?…
Working hard to get back on track for a comfortable retirement
A new national poll conducted by Kiplinger in partnership with the Personal Capital, a money management firm, found 40 percent of savers are very confident that they are on track for a comfortable retirement. The survey found most participants are…
The states that take a bite out of Social Security
One of the surprises that new retirees experience is taxes. Many retirees are not aware that several states do tax Social Security benefits. However, even if you manage to avoid state taxes on your Social Security benefit, you may be…
It’s time to review your retirement plans
December is not just for Christmas shopping, but it is the time to review your retirement plans as well as a few last-minute tax benefits. Leaving retirement planning and tax optimization strategies until the last moment, you could find yourself…
Congress is still looking at changes to the retirement system
Although two years after Congress passed the 2019 Secure Act, lawmakers’ efforts have been slow to make further improvements to the U.S. retirement system. With the House committee unanimously approving the RISE (Respond, Innovate, Succeed, and Empower) Act, supporters are…