It appears the novel coronavirus is causing more than just damage to people’s health. This situation is causing some people to experience serious financial harm from scammers. They are taking advantage of individuals for their money. These are individuals who are well-intentioned and often uninformed. Scams There have been many different types of coronavirus scams
The pandemic has some rethinking retirement plans, as this event has a lot worried about their post-career years. The sentiment of US citizens aged 65 and older echoed across the nation is that they have worries about their decisions regarding retirement now that the pandemic has seeped into the country. Concerns over too much togetherness
The IRS does a good job of providing the country’s elders with ways to save for retirement. Some of the most popular investment vehicles the IRS provides access to for the benefit of US taxpayers include 401(k) accounts and a variety of IRAs. While both options provide a variety of benefits to the taxpayer, the
Looking back at the past few weeks, the market has made some investors nervous. Market volatility can lead to some serious stress but what are the best ways to respond to this uneasy feeling? When dealing with market volatility, it’s important to keep several things in mind to avoid making major mistakes. Have a Plan
When couples get married the finances are typically left to one person. It is rare for both parties in a marriage to handle the finances together. In some cases, it is the wife that is leaving the husband to handle all financial issues. This may be common in some relationships, but it is not exactly
This topic is not comfortable for everyone to talk about but planning now can make a world of difference later. More than a third of long-term care residents are younger than 65 years of age. This statistic reminds us that we should prepare for the future, and the earlier you start preparing, the better.
A lot of people new to Medicare will come to see me already having done some homework. They have a pretty good idea of how Medicare works and understand the difference in Original Medicare and Medicare Advantage. They might have even decided on which Medicare supplement they want. That supplement is almost always the Plan F.
It is December 2nd and by now you are all very aware of the Medicare Annual Enrollment Period (AEP). This is the time of year from October 15th to December 7th when you can make changes to Medicare Advantage plans and Medicare Prescription Drug plans. You may recall from my past articles that there are
In the first four parts of our series, we learned about Original Medicare, Medicare Supplements, and the Medicare Prescription Drug Program. In the fourth and final chapter, we will attempt to demystify Medicare Part C, also known as Medicare Advantage. Medicare Advantage, or Medicare Part C plans replace your original Medicare A and B
In the first two parts of our series of articles on Medicare, we learned how original Medicare along with a Medigap plan (AKA Medicare Supplement) can help to reduce or even eliminate your out-of-pocket risk. In part three, we will discuss the Medicare Prescription Drug Program known as Part D. Medicare Part D – the