Jester Insights

Advice of Maximizing Social Security benefits – please follow the law.

With the current world pandemic brought on by the Coronavirus aka Covid-19 financial advice on what to do is flowing and yet again within that advice federal law is being neglected – it is sort of like Groundhog Day, but with a lockdown. CNBC is back at with its aptly titled “This costly Social Security […]

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Roth conversion to an Annuity: No better time than now

When it comes to retirement the key is income. The issue with this key, though, is that the federal government has changed the rules of retirement which has wound up directly impacting it. The rules created by the federal government, which have to be addressed well before retirement are: You must enroll into Medicare when […]

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The Impact of Medicare’s IRMAA on Retirement

Planning to ever retire, if so, you may want to take notice of a federal rule that maybe missing in your  financial plan; Medicare’s Income Related Monthly Adjustment Amount (IRMAA), which happens to place surcharges on top of the current year’s Medicare Part B and D premiums. Federal rules state that when you retire you […]

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Taking prescription drugs? You should know about the Tier Structure before retirement.

Retired, thinking about retiring, planning on ever retiring? Next question: taking prescription drugs for a chronic illness? If answering yes to these questions you should take note on how Medicare works with prescription drugs, specifically with the Tier Structure when it comes to what you are responsible for paying. Prescription drugs are covered thru Medicare by […]

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Yes, You Need An Annuity in Retirement

There is plenty of financial advice about 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 in retirement. For those in retirement federal regulations state: You must accept Medicare when eligible in order to receive […]

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Tier 4 Drugs, the rules have changed and they hurt you

Finally, the mainstream media is starting to react to the impending Medicare crisis, as more retirees are discovering that worrying about healthcare costs doesn’t stop at age 65.  In fact, it is only the beginning. Last week’s Boston Herald cover story focused on Ken Helgeson, a Medicare subscriber who unfortunately suffers from rheumatoid arthritis. His doctors prescribed […]

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Original Medicare verse Medicare Advantage Plans

Original Medicare or Medicare Advantage …that is the question. In retirement, for those that are 65 or older and who are no longer covered by health insurance from an employer of spouse’s employer we are faced with the decision of having to choose between either enrolling into Original Medicare or opting for a Medicare Advantage […]

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Immigration…Can it and should it last?

Many people may take the position that no matter where they look, it seems there are more and more people. Schools are overcrowded, traffic is backed up in our cities and on our highways, every flight is packed to the gills, and the line to get a simple cup of coffee is practically out the […]

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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 […]

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