Posts by dreed5n834
How and when to apply for Medicare
What is Medicare, and how does it work? Medicare is the federal health insurance program for people who are 65 and over. If you are under 65, you may be eligible to get Medicare earlier if you have a disability, End-Stage Renal Disease (ESRD), or ALS (Lou Gehrig’s Disease). Medicare is divided into four parts:…
Read MoreWhat is Disability Insurance and How Does It Work?
Disability insurance can help protect your income and peace of mind. Learn how short-term and long-term disability insurance works, how to get them, and more. By: Chris Kawashima Many workers will experience a temporary or permanent disability at some point in their working years. You can plan ahead for this possibility by considering disability insurance.…
Read MoreThe Hidden Cost of Skipping Home Insurance: ‘You Could Lose Your Home’
By Jeanine Skowronski from Investopedia Many Americans are going without homeowners insurance, simply because they can no longer afford it. But this move can have devastating financial consequences, especially with extreme weather events on the rise. Uninsured homeowners may be responsible for most, if not all, costs incurred during disasters, thefts, and accidents in or around…
Read MoreLife Insurance: Changing Times, Changing Needs – Questions that all policyholders should ask themselves at least once a year
When Judy purchased her life insurance policy 10 years ago, she thought her insurance planning was complete. She assumed that if she paid her premiums on time, she could sit back and not think about life insurance anymore. Judy’s life insurance may help to protect her loved ones from future uncertainties, but her policy should…
Read More6 Ways To Maximize Your HSA Contributions in 2025
By Rebecca Rosenberg form Investopedia If you’re looking to save money that you can grow now and use for later, you could do a lot worse than a Health Savings Account (HSA). As the name implies, an HSA is a tax-advantaged savings account you can use to set aside pre-tax money for medical expenses. By using funds…
Read MoreAre Your Retirement Savings Really on Track? Regular reviewing and adjusting your plan can enhance your confidence
Retirement planning is a crucial aspect of personal finance, yet many individuals wonder whether they are saving enough. With rising living costs, increasing healthcare expenses, and the uncertainty of Social Security benefits, it’s essential to evaluate your retirement savings and make necessary adjustments to stay on track. Assessing Your Current Savings The first step in…
Read MoreUsing the 72(t) Rule for Early Retirement Income: IRS exception can become a strategic advantage in your retirement strategy
For many investors nearing retirement – or planning to exit the workforce earlier than expected – accessing retirement funds before age 59½ can present both opportunity and risk. The IRS’s 72(t) rule, which permits penalty-free early withdrawals under specific conditions, may appear attractive. However, from a financial advisor’s standpoint, effectively utilizing Rule 72(t) requires foresight,…
Read MorePlanning the Perfect Barbecue & Ideal Retirement: The principles of barbecue and retirement planning are strikingly similar
Planning the perfect summer barbecue and crafting your ideal retirement may seem worlds apart, but both require careful consideration, strategic thinking, and a dash of creativity. Imagine this: the sun is shining, the grill is hot, and you’re surrounded by friends and family, enjoying a well-planned barbecue. Now, picture your golden years – a time…
Read MorePlanning for a Longer Retirement is a Must-Do: Conduct a thorough longevity risk assessment using modern planning tools
Perhaps the most daunting challenge facing today’s retirees is longevity risk – the possibility that retirement savings will be depleted while the retiree is still living. With life expectancies steadily increasing, this is no longer a hypothetical concern. According to recent actuarial data, a 65-year-old couple in 2025 has a 50% chance that at least…
Read MoreHow to Plan Your Retirement in a Complex World: Ten insights to help you navigate your retirement with clarity and confidence
Retirement in the 21st century is evolving faster than ever. Gone are the days when retirees could count on a pension, a Social Security check, and a conservative bond portfolio to meet their needs. Today’s retirees face a dynamic and sometimes unpredictable environment shaped by policy uncertainty, market volatility, inflation pressures, and rapid technological change.…
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