September 26, 2017 — The Open Enrollment Period for Medicare Part D and Advantage Plans starts soon; it runs from October 15 to December 7. Since this is your window to make changes in your plan or sign up for new coverage, it is an excellent time reconsider if Medicare Advantage or Original Medicare is your best option, as well if you have the right Prescription Drug coverage plan (Part D). We gained a new appreciation for how complex this topic is as we wrote this article. It will provide you with some basic background information to start thinking about this issue, but do not make any important decisions like this without careful thought and research. This is part of a 5 Part series on Medicare.
Signing up for Medicare and Medicare Basics
You have 7 months to sign up for Medicare in all its forms when you turn age 65 with no penalties. That 7 month period starts 3 months before the month you turn 65, the month of your birthday, ends 3 months afterwards. Thereafter there are open enrollment periods when you have the option to change plans and coverage.
As a refresher, original Medicare (more…)
Posted by Admin on September 25th, 2017
Best Retirement Towns and States
September 19, 2017 — The triple whammy from Hurricanes Harvey, Irma, and Maria are causing a lot of people to reconsider where they retire. Some previous best places to retire might end up on the worst places to retire lists instead! But hurricanes are not the only natural disaster that can ruin your retirement – temperature extremes, earthquakes, tornadoes, forest fires, and flooding can be devastating too. Now, as carbon dioxide levels in the atmosphere rise to the highest levels in the history of the planet, our ice caps melt and sea levels rise, the dangers to where you decide from natural disasters are important considerations. it might be just as critical as cost of living, taxes, culture, climate, proximity of friends and family, and recreational opportunities.
In this article we will first talk about the kinds of weather and natural (more…)
Posted by Admin on September 19th, 2017
Financial and taxes in retirement
September 19, 2017 — Last week we found out that one of the nation’s largest credit monitoring services, Equifax, had been hacked. The credit records of 143 million Americans were compromised, including in most cases their social security numbers, addresses, birth dates, credit ratings and sometimes a lot more – basically the keys to the scamming kingdom. Since then the company is being investigated because there was an earlier hack not disclosed, and corporate insiders might have traded ahead of the public release of information.
If you have been wondering if you were one of those whose
credit info is now available to the highest underworld bidder – yes you probably were. After all the U.S. population is 323 million, so statistically you have just under a 1 in 2 chance of being affected. This (more…)
Posted by Admin on September 18th, 2017
Retirement Real Estate
Note: This is Part 1 of a 2 Part series. Part 2 is “The Worst Places to Retire: Weather and Natural Disasters“.
September 14, 2017 — The devastation caused by Hurricane Harvey in Texas and Irma in Florida will provide many painful lessons for snowbirds and Sunbelt retirees. Those experiences impact where to live, what type of housing to choose, and whether to rent or buy. This article will explore those factors. We are grateful to Alan E for suggesting this topic. See bottom for more related articles on renting vs. buying and natural disasters.
Where to live
Almost every area of the country has its own set of natural disasters to worry about; it is hard to find a place that is immune to at least one of these: earthquake, hurricane, tsunami, blizzards, floods, sinkholes, tornadoes, droughts, wildfires, etc. When it comes to choosing a place to retire, it really boils down to picking your poison.
Over the long term Florida and Texas have had more devastating hurricanes than anywhere else, although in recent years New York, New Jersey, and Connecticut had more. Because Florida is a peninsula with coasts on three sides, the (more…)
Posted by Admin on September 13th, 2017
September 13, 2017– The Galápagos Islands are at the top of many people’s bucket list destinations. This article will give you a taste of what that experience is like, based on your Editor’s recent trip, plus some tips and advice if you decide to go.
Where and what
The Galápagos are a volcanic archipelago of small islands in the Pacific Ocean about 600 miles west of Ecuador, which is near the top of south South America. They are most famous because of the role they played in Charles Darwin’s theories of evolution explained in his groundbreaking “Origin of the Species“. He visited the Islands in the early 1800’s, at a time when its only (more…)
Posted by Admin on September 12th, 2017
September 2, 2017 — Results from the Employee Benefits Research Institute’s Retirement Confidence Survey (RCS) paint a disturbing picture for many American workers. The percentage of pre-retirees who are very confident in their ability to afford a comfortable retirement continues to be low. On the other hand, people who are already retired report a much higher level of confidence that their finances will provide a comfortable retirement.
It is hard to say why the two groups – pre-retirees and the retired – report different levels of confidence. It could be that folks who are already retired know their situation and do not have the anxiety about the future that (more…)
Posted by Admin on September 1st, 2017