September 17, 2019 — A special Retirement supplement in the New York Times was filled with sage advice about baby boomer retirements. The Sept. 12 section had articles on topics like finances, the new retirement, finding purpose, etc. ( See link at end, you might also find it in your library). The experts and retired people interviewed there (some quoted below) sparked a whole raft of new thoughts about retirement. Particularly, it made us realize how retirement is such a different experience from any other phase of life. Retirement might even be harder, mainly because it requires a great deal of self-initiative to do it right. Here are some of our new thoughts on the retirement process.
No ritual. The founder of consulting company Age Wave, Ken Dychtwald, points out that there is a ritual associated with most of the events in our lives, but not retirement. When you started school your mother probably took you out to buy clothes, and the whole family waited for the bus to pick you up. The process of going to college meant you took tests, visited campuses, got counseling, and if lucky, had parents who gave plenty of advice. Graduations were fraught with ceremony. But on the day you retire, you might be lucky to go out for drinks with colleagues. The next day all the trappings and structure of 40 years of working disappear.
“In retirement you are in a class of one; it’s a life test with no text and no teacher”
September 8, 2019 — As promised, our series on Medicare continues with an analysis of the competing forms of Medicare: Original Medicare + Medigap insurance vs. Medicare Advantage (Part C). This seems like a particularly good time for it, since the Medicare Open Enrollment Period begins on Oct. 15. We are grateful to Tom Cretella, CLU, an insurance broker with almost 50 years of experience and know-how in this field, for answering these frequently-asked questions. You can find the other articles in this series listed at the end. As always, we welcome your comments and questions on this complex and important topic.
Q. What is the significance of the Open Enrollment Period (AEP) which begins Oct. 15 and runs through Dec. 7?
A. The Annual Open Enrollment Period happens each year from Oct 15- Dec 7. During this time people can change coverages without fear of pre-existing conditions not being covered. If they have a Medigap plan and original Medicare they can change plans or elect a Medicare Advantage plan. This enables a Medicare beneficiary to buy a plan that suits their utilization habits and pocketbook. All changes become effective on January 1. On Sept 30 each plan is required to send a Notice of Change to Medicare Beneficiaries outlining any changes for the following year. More Blog articles like this…
September 4, 2019 — A constant question that comes up about retirement, and one that produces hundreds of comments, is “Is it a good idea to retire near my family”? Whether family means parents, children, grandchildren, or siblings – the question has many complex and potentially conflicting elements. In this article we will go over some of the pros and cons, as well as a short checklist to help you determine if retiring near family should be in your future. We also look forward to your comments on this topic about your preferences and experiences.
Pros of Retiring Near Family – Ability to help new parents as they juggle careers and child-rearing – The chance to see your family members often – Be part of the lives of your grandchildren as they grow up – Support for your parents or siblings as they age or need help – Support for adult children who need it – Support and companionship for you as you age – Built in social network MORE Blog articles like this
September 3, 2019 — Lately we have had a mini-avalanche of comments and questions about Medicare. They are mostly to do with which is the best plan to choose – Regular Medicare, or one of the many choices under Medicare Advantage? With plans ranging from A – N, it can all be downright confusing. So, to help you prepare for the upcoming Medicare Open Enrollment period (starts October 15 and runs through December 7), we are fortunate to have a Q and A article with a real Medicare insurance expert (now available). Tom Cretella of Cretella and Belowsky will try to answer many of the questions we have seen come up on this issue. Stay tuned, it should be very helpful! (Also, see list of related articles in our Medicare series at end)
New Medicare Comparison Plan Tool Announced by Medicare.gov.