Retirement

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 […]

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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. […]

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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 […]

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4 conversations that must take place with your financial advisor

4 conversations that must take place with your financial advisor! In retirement income is the key. Without it the ability to maintain your life-style as well as fund the basic necessities is next to impossible. Unfortunately, though, the rules have changed and not all income is the same in retirement. When it comes to health […]

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Income in retirement is not what you think when your health is on the line

Income in retirement is essential. The problem, thanks to federal regulations, is the fact that having too much of it will lead to surcharges (taxes) on top of your Medicare premiums. These surcharges are based on Medicare’s Income Related Monthly Adjustment Amount (IRMAA). What types of Income will Medicare look at?   Income is defined, […]

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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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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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