Some people are automatically enrolled in Medicare at age 65, while some have to apply. Follow this flowchart to better understand what, if any, action you need to take to ensure you’re enrolled in Medicare at the right time.
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IRMAA, which stands for Income-Related Monthly Adjustment Amount, is a term that may not be familiar to everyone. However, for individuals enrolled in Medicare, IRMAA can have a significant impact on their healthcare costs.
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As you approach retirement and the possibility of enrolling in Medicare, it’s essential to be well-informed about what lies ahead. In this extended blog post, we’ll delve into the ins and outs of applying for Medicare, explore the different parts of the program, and take a closer look at two popular healthcare options: Medicare Advantage and Medicare Supplement plans.
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The S&P 500 ended the second quarter and first half of 2023 at a 14-month high and most major stock indices logged solid gains in the second quarter following a pause in the Fed’s rate hike campaign, stronger-than-expected corporate earnings (especially in the tech sector), and the relatively drama-free resolution of the debt ceiling.
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According to a Harvard study, contrary to popular belief, the primary challenge for retirees is not boredom or a lack of purpose, but rather the difficulty of replacing the social connections they once enjoyed at work.
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The price of a bond can change over time, and there are many factors that can impact bond prices. In this blog, we will explore some of the key factors that affect bond prices.
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The S&P 500 ended the first quarter of 2023 with a solid gain as hopes for an economic “soft landing” and the Fed signaling that their historic rate hike campaign is coming to an end helped offset two rate increases and the biggest bank failures since the financial crisis.
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Medicare is a critical program that provides essential healthcare services to millions of Americans. However, it is a myth that Medicare will cover all healthcare costs.
While there are insurance options available that can help fill some of these gaps, individuals should be aware of the limitations of Medicare coverage and plan accordingly to ensure they have adequate healthcare coverage.
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When it comes to personal finance, there are a number of competing priorities that can make it difficult to determine where to focus your efforts. For many people, the choice between building emergency savings and working towards their retirement goals is one of the biggest dilemmas they face. So, which should you focus on first?
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Just like your annual physical, it’s a good idea to schedule a check-up for your estate planning documents to ensure everything is as you intend. Granted, it’s probably not the most exciting activity on your to-do list, but you don’t want to let important details derail all the work you’ve done.
Continue readingThis Retirement Planning Worksheet takes you through 4 key areas to help you get organized, feel confident, and assess your overall readiness for retirement.
