Retirement

Most and Least Affordable States to Reside in for Original Medicare Coverage

In retirement, when it comes to health coverage there is only Medicare. Here is a breakdown of the most and least affordable states to reside in for of Original Medicare that includes a Part D Drug Plan and a Medigap Plan G policy: With the cost of Medicare coverage reaching over $405,000.00 this year for a […]

Tags: , , ,

Read more

2020 Retiree Healthcare Costs

With 2020 comes some changes within Medicare and unfortunately with these changes the out-of-pocket expected costs for a couple retiring today have increased significantly. For a couple, both 65 years old today, projecting to live until age 87 for the female and 85 for the male the expected cost to insure themselves through Medicare will […]

Tags: , , , , , , , , ,

Read more

Medicare Supplemental Coverage (Medigap Plans) 2020 premium information

With the new year, 2020, some changes came with Medicare and for those who opted for Supplemental Coverage, or Medigap Plans, the biggest one was the fact that new retirees could not purchase a Plan F policy when enrolling into the program. The significance is due to the fact that though a Medigap Plan F […]

Tags: , , , , , ,

Read more

2020 Medicare Premiums and Costs

The Centers for Medicare and Medicaid Services (CMS) released the 2020 Medicare premiums and costs that impact retirees for 2020. Unfortunately, the news doesn’t seem to bring a lot to be merry about for the upcoming year. Here is a breakdown of what retirees on Medicare should expect in upcoming costs for 2020: Part A […]

Tags: , , , , , , , , , ,

Read more

Traditional 401(k) verse a Roth 401(k)…when you health is on the line a Roth wins every time

The choice of investing into a Traditional 401(k) or a Roth 401(k) has been a debate since the Roth was designed and consensus tells us that they way to go is with the Traditional 401(k) as that is how many investors have gone. Unfortunately, when certain legislation concerning health coverage is applied this may not […]

Tags: , , , , , , , ,

Read more

That Traditional 401(k) is bad for your health

The alarm has been sounded, we have been told that Social Security retirement may go bust and this has prompted a renewed call for employees to utilize Traditional 401(k) plans in order to save more for their retirement. The question though; What if that Traditional 401(k) plan winds up being bad for your health? Yes, Traditional […]

Tags: , , , , ,

Read more

Impact of Medicare’s IRMAA. Not all income is created equal

Since 2007, with the passing of the Medicare Modernization Act in 2003 and the Affordable Care Act in 2010 by Congress, Medicare has placed a surcharge, known as the Income Related Monthly Adjustment Amount (IRMAA), on top of the current Medicare Part B and Part D premiums for those retirees who earn too much income. […]

Tags: , , ,

Read more

You need an Annuity: the reason federal regulations

There is plenty of financial advice screaming that you should stay away from Annuities, but the truth, when you apply federal regulations, is the simple fact that, yes, if you are relying on Social Security in any way you need an Annuity. The reason is quite simple: due to federal regulations your Social Security benefit […]

Tags: , , , ,

Read more

You may be better off smoking than investing into a Traditional IRA or 401(k)

It’s not up for debate, smoking is bad for you. It leads to cancer, harms every single organ in the body and has become somewhat expensive as well, but when planning for retirement you may be better off smoking than investing into a Traditional IRA or 401(k). Sounds ridiculous, we know, but with the understanding […]

Tags: , , , , ,

Read more

1 2 3 7
Top