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Medicare coverage only applies in the U.S. and its territories
Majority of seniors get health coverage through Medicare once they retire, but many have misconceptions surrounding Medicare. A widely held misconception about Medicare coverage is that it will cover the cost of your healthcare no matter where you are when…
Understanding the annual contribution limits and long-term savings potential when funding a health savings account
You are enrolled in a high-deductible health plan and have a health savings account but don’t know how much you should put into it? And you are concerned if you don’t use it all the money, you’ll lose it? Yes,…
Learn how recent tax law changes affect you at every stage of your life
At every stage of our lives, there are IRS tax benefits and red flags to be aware of. Now with the recent tax law changes, there are some important age-related tax and financial planning milestones to keep in mind. The…
Your retirement account should not be your emergency fund.
We all know retirement accounts give you some great tax breaks. But if you withdraw funds from your retirement accounts early, you usually pay an early withdrawal penalty unless that withdrawal falls into one the exception categories, plus income tax…
Women typically fall behind men when it comes to financial literacy and saving for retirement
A new survey of employees and retirees in 15 countries found that financial literacy is far worse among women than men. The survey from Aegon Center for Longevity and Retirement and non-profits Transamerica Center for Retirement Studies and Instituto de…
How to appeal your Medicare surcharge
There are about 4.3 million Medicare beneficiaries that pay more than the standard amounts for Medicare Part B and Part D. Income related monthly adjustment amounts (IRMAA) is a surcharge based on your tax return from two years prior which…
Seven questions to answer to avoid confusion or fights after you die
While most of us would like to think that estate planning is something we can put off or is that simple, but there are typically more than 100 tasks your executor will need to handle to settle your estate. Also,…
Why you should have a health savings account
Do you want to stretch your healthcare dollars further? Do you want a triple tax benefit? Do you want another way to save for your retirement? Then you want a health savings account. The attached article explains all you need…
There are ways to make retirement easier
Planning and saving for retirement can be stressful and confusing. Don’t know where to start? Don’t know how much you will need? You hate math? In Selena Maranjian’s article, she explains how five things, and yes, it involves some easy…
Avoiding these retirement planning mistakes
We all try to avoid making stupid mistakes especially when it comes to something as critical as our future retirement. But many of us do without even knowing that we made them. The attached article outlines eight retirement investing mistakes…