Retirement

US News – 6 Ways to Protect Your Pocketbook From Sky-High Medical Bills

Dan McGrath, the co-founder of Jester Financial Technologies, a small health care data company in Beverly, Massachusetts, remembers being in the dentist office with his retired mother and realizing he’d made a grave mistake. He’d let his mother navigate her own Medicare coverage and that resulted in a $12,000 bill for getting a few teeth […]

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Looking at Reverse Mortgages? You may want to

Planning for retirement is on the hearts and minds of almost every single Baby Boomer, roughly 76 million Americans. Survey after survey happens to lead to the fact that planning for health care as well as planning for Long-Term Care (LTC) is a major concern. The reason for this is that many of these Baby […]

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CNBC Feature – Medical costs take big bite out of Social Security benefits

Social Security planning is a major focus for financial advisors and their clients — and with good cause. If you look at the data and statistics from Social Security, the reason is clear: Among elderly Social Security beneficiaries, 53 percent of married couples and 74 percent of unmarried people receive half or more of their […]

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CNBC “Are health-care costs really ‘just’ $245K in retirement?”

When it comes to planning for health care in retirement, I want to discuss a recent report from a financial services corporation that estimates a couple age 65 today should expect to incur $245,000 in total health-care expenses in retirement. For those who have experienced our nation’s health-care system at work — and the total […]

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Fidelity Investments $245,000 health care cost estimate is less than truthful and they know it

Fidelity Investments is at once again at it in terms of espousing healthcare wisdom. They announced their new projections on what retirees can expect to incur as costs for their health coverage in retirement, and it seems more than a little disturbing, especially when little things like facts and math are figured in… But hey, why […]

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Medicare’s 51.8% Part B premium will crush every state’s budget

As you may have heard the Medicare Board of Trustees in its 2015 Annual Report is calling for a 51.8 percent increase in the Medicare Part B premium. The premium is expected to jump up to $159.30 in 2016 from $104.90 in 2015. The good news, as we pointed out in “Social Security benefits appear to […]

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Planning for healthcare in retirement – some pros & cons of investment products

As you may already know by now, you will have a mandatory expense in retirement known as health coverage, and surprise! – it will be determined by the amount of income you will have in retirement. In 1993 there were changes to Social Security’s Program Operations Manual System (POMS). A person receiving Social Security Retirement […]

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