News

Is A Medicare Advantage Plan Right For You?

  News
  Healthcare, Medicare, Retirement Planning
Original Medicare won’t cover all of your medical expenses. AARP estimates that nearly 90% of beneficiaries enroll in some type of supplemental coverage to round out their health plan and keep expenses at bay. There are two options for additional coverage: Medicare Advantage Plan (Part C) Medigap Plan (Supplement Plan) Today, we are going to…
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What Do You Need To Know About Medicare?

  News
  Healthcare, Medicare, Retirement Planning
Healthcare planning is among the most vital aspects of a well-rounded retirement plan. With current retirees expecting to spend upwards of $295,000 in medical costs alone throughout retirement (excluding long-term care), understanding your health coverage becomes more important than ever to stretch your savings and promote a happy, healthy retirement lifestyle.  Medicare is an essential…
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Here’s What You Need To Know About Roth Conversions

  News
  investing, IRA, taxes
For retirement, specifically, individual retirement accounts (IRAs) are a widely popular savings vehicle. Roth IRAs, in particular, are excellent accounts to help retirees mitigate their tax liability in retirement.  The main differentiator of a Roth IRA is that you contribute with after-tax dollars, and all qualified distributions are tax-free. This structure brings an important tax-efficient…
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Writing notes

5 Simple Things That Will Make Or Break Your Estate Plan

  News
  estate planning
Estate planning has seen a resurgence since the beginning of the pandemic. Alterations to laws now accommodate virtual updates to wills, trusts, beneficiaries, and other significant estate planning documents, and people seem to have more urgency to get these tasks completed. Remember, estate planning isn’t just preparing for something you won’t get to see; instead,…
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What You Need To Know About Long-Term Care Insurance

  News
Long-term care is an emotional topic. It can be difficult to think about yourself or a loved one in a state of not being able to perform daily tasks. But avoiding the topic can lead to exorbitant payments in retirement. In fact, by the time a person reaches 65, they have a 50% chance of…
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What You Need To Know About Social Security

  News
Social Security is a vitally important tool for a retiree’s income planning strategy, yet many pre-retirees don’t give it the attention that it deserves.  Understanding how Social Security works and the best ways to optimize it for you and your family can make a huge difference in the size of your benefit, tax implications, and…
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How To Tell If Relocating In Retirement Is Right For You

  News
Retirement can be one of the most exciting times in your life. Without work tethering you to a certain location, you have the freedom and flexibility to live out your golden years wherever you like.  But before you ditch your hometown for an unfamiliar place, be sure you have done adequate research into your new…
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The Power of Your Pension, Wrapup

  News
We have made it to the end of our pension series and today we will take some time to summarize the series. We will walk you through each of the questions we have answered and provide a brief explanation.  Let’s start with a general overview of a pension plan. What is a pension? A pension…
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How Your Pension Differs From Popular Savings Methods

  News
Today, we will analyze how your pension plan interacts with the other retirement savings you have and how to create a strong plan to maximize your cash flow in your golden years.  Why your pension might not be enough Pension plans, or defined benefit plans, have been an important method of saving for retirement for…
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