Back in 2015 I wrote a post asking, "What will you be doing in retirement?" It was geared more towards women, as it was an off-shoot to my first book, What's the Deal with Retirement Planning for Women. Since then, the topic has morphed. I find more and more people struggling with the very idea of retiring. Just look at our President and most of the Congress! In a nutshell, … [Read more...] about Planning for Life As A Retiree: It Doesn’t Just Happen
Medicare Part A Retroactive Period Effect on HSA Contributions
(Part 2) There’s a 9-month retroactive period. Not a 6-month look-back So many older workers are caught off guard when it comes to signing up for Medicare Part A. These are folks well past age 65. Surprise! Part A comes with a retroactive period. And it has a nasty effect on HSA contributions. The vast majority of folks I work with have continued employment after … [Read more...] about Medicare Part A Retroactive Period Effect on HSA Contributions
Is a Medicare Advantage Plan Right for You?
A $0 monthly premium should be a clue Are there really any advantages to Medicare Advantage plans? Over 50% of retirees on Medicare have assigned their benefits to a private, for-profit health insurance company. I can assure you, these 32 million people have no idea what they’ve signed up for. But they think a zero-dollar monthly premium is a great advantage. But is a … [Read more...] about Is a Medicare Advantage Plan Right for You?
2024 Medicare Part B Premiums Jump 5.9%
Adjust your monthly cash flow for higher Part B premiums and IRMAA On October 12, 2023, the Centers for Medicare and Medicaid Services announced the rates for the 2024 Medicare Part B premiums. They also issued associated income-related monthly adjustment amounts—better known as IRMAA—for Medicare Parts B and D. And an assortment of other costs, copays, and … [Read more...] about 2024 Medicare Part B Premiums Jump 5.9%
Estimating Your Medicare Costs
Healthcare costs in retirement go way beyond “Medicare” Medicare. Medicare. What the heck? How can a program designed specifically to help our oldest Americans be so incredibly difficult to use? Why are there so many pieces and parts? What's with Medicare not covering all healthcare costs retiree need? And what drives those high Medicare costs? In short, how is it that … [Read more...] about Estimating Your Medicare Costs
