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Medicare Advantage: Is it Right for You?
At age 65, you can enroll in “original” Medicare Part A and Part B or a Medicare Advantage plan, sometimes referred to as Part C. The attached article reviews the upsides and downsides to Medicare Advantage plans. Read article here……
Do You Have A Backup Plan?
According to the National Academy of Social Insurance, sixty-five percent of seniors get most of their retirement income from Social Security, and for one-quarter of recipients aged 65 and up, their monthly benefit checks are their sole source of income.…
Automatic Enrollment in 401(k)
Most individuals are working until they reach retirement age and many employers offer 401(k) plans; however, the employees are not taking advantage of the “free money”. Can automatic participation improve retirement for American workers? Read article here… Notice: The link provided…
Small Business Owners: Too Busy for Retirement Planning?
According to a new report from BMO Wealth Management, small business owners are too busy to think about retirement. Read article here… Notice: The link provided in the text above connects readers to the full content of the referenced article. The URL (internet address) for…
Having trouble saving for retirement? You’re not alone.
Lack of sufficient savings for retirement is probably one of the biggest deterrents facing those approaching their golden years. This article by Motley Fool’s Sean Williams appears at madison.com and explores why, in the greatest nation on Earth, that so many…
A better strategy for planning your retirement savings.
Of course a lot depends upon how close to retirement you are, but estimating what your retirement income needs will be and then taking a detailed look at how you will generate that income is the strategy to use when beginning…
Taking money from your nest egg in retirement, the right way.
Many financial advisors suggest that using the “4% rule” is a good way to tap your retirement savings. That rule basically says that withdrawing 4% of your retirement savings annually should ensure that your nest egg lasts for your lifetime.…
Is a Health Savings Account right for you?
For those still working but saddled with a high-deductible healthcare plan, a Health Savings Account could be just what you need. An HSA can be a great tax-advantaged way to pay for your future healthcare costs, but there are lots…
Already retired? Here’s what to look out for
You’ve done all the right planning, built a comfortable nest egg, and are now enjoying the fruits of a lifetime of work. But don’t think you can now sit back and ignore your portfolio, because there are lots of things…
Don’t let retirement myths hurt your future
Saving enough for retirement may be a daunting subject to explore, but don’t let misinformation prevent you from planning for your golden years. This TD Ameritrade “Ticker Tape” article discusses 5 myths about retirement savings that could be sabotaging your plans for…