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If you’re contributing to a HSA, Medicare enrollment can be a liability
Are you turning age 65? Should you enroll in Medicare? Can you still contribute to your Health Savings Account? First, Medicare enrollment at age 65 is only necessary if you do not have qualifying health insurance through an employer. Second,…
Retiring early could be a huge mistake
According to a recent survey from TD Ameritrade, half of Americans say they want to retire by age 60. As tempting as it is to retire as early as possible, it’s often not the wisest route. The attached article list…
Retirement is the next step, not the end of the road
Retirement at its conception was simply industry’s way of forcing people out of the workforce when they reached was considered the end of their usefulness but today, retirement has a much more pleasant connotation. In the attached article, the author…
Consolidating your retirement accounts, just be sure to follow the rules
A typical individual who has worked for 30 years likely has switched jobs six or seven times and may have just as many former employer retirement plans. According to Millennium Trust Co. 25 million participants in workplace plans separated from…
New App Displays What Original Medicare Covers
Today, the Centers for Medicare & Medicaid Services (CMS) launched a new app that gives consumers a modernized Medicare experience with direct access on a mobile device to some of the most-used content on Medicare.gov. click here to read press…
Are you worried you’ll run out of savings?
You have saved money for your golden years throughout your career and now that you’re actually retired, you’re concerned about depleting your nest egg prematurely. Running out of money as a senior is a legitimate fear, but if you take…
How to prepare for a possible unplanned early retirement
Early retirement is a wonderful thing if you have planned for it but for some, early retirement can strain finances and cause stress. According to a recent Transamerica survey, 56 percent of retirees reported retiring earlier than they had planned…
Accessing your Social Security account
With more than 60 million Americans relying on the income that Social Security provides, and tens of millions more are counting on Social Security to help them make ends meet, you owe it to yourself to know the latest about…
Better to plan for Social Security’s 2034 crisis now
The year 2034 is reported in any article explaining the financial problems facing Social Security. That is when benefit payments will be cut automatically by about 21% unless Congress passes reform before then. The amount sent to beneficiaries in 2018…
Social Security & the rest of one’s nest egg
Over 62 million people are receiving monthly Social Security benefits in 2019. This informative piece by TD Ameritrade explains the very basics of Social Security and how individuals can maximize their benefits. It also explains how Social Security might fit in…