My Comments: Personally, I’ve always avoided Medicare Advantage Plans. I’m not deaf and have never had to spend much money on dental care. So why pay extra for coverage that I don’t need. But I may be the exception. Meanwhile, those of you already on Medicare are facing the current open enrollment period when you …
Continue reading The Little-Known Downsides of Medicare Advantage Plans
My Comments: If you are 65 or older, chances are very good you're enrolled in Medicare. If your physician(s) have you taking prescription drugs, some of which can be very expensive, you need to take advantage of the open enrollment period that ends on December 7. At the very least read these words by Lennie …
Continue reading How to nail down the Medicare Part D plan that will save you the most money
My Comments: This topic is very relevant for me. Statistically my wife will survive me by ten years. If life plays out that way, she may need help from Medicaid. If our home is in a family trust and I’m gone from the scene, it will be easier for our children as trustees to look …
Continue reading Does Putting Your Home in a Trust Protect It From Medicaid?
My Comments: I’ve now lived on this planet for more than 8 decades. This is an issue I've been aware of for perhaps 4 decades and today leaves me frightened for my children and grandchildren and for society in general. We are now faced with politicians who assert this is simply a hoax, a Socialist …
My Comments: While this was written five years ago, the message is increasingly relevant. Despite Medicare for those of us over age 65, it’s recognized that medical care in this country is far more expensive, all things being equal, than it is in the rest of the world. Couple that with increasing longevity and chances …
Continue reading On Eve of Retirement, Savings for Medical Costs Can Fall Short
My Comments: My time these days is spent promoting my book, The Dynamics of Retirement, and it's companion online course. I consider myself semi-retired. For most of us, retirement turns into a 25-30 trek into an unknown financial future, with new and unexpected financial pressures. Studies reveal that 1 in 5 seniors today are living …
Continue reading Two-Thirds of Americans Are in for a Huge Financial Shock in Retirement
My Comments: My time these days is spent promoting my book, The Dynamics of Retirement, and the complementary online course I created. I consider myself semi-retired. If you're interested, there's an image of the book just to the right on this page. People often fail to realize retirement turns out to be a 25-30 trek …
Continue reading Two-Thirds of Americans Are in for a Huge Financial Shock in Retirement
My Comments: Health Saving Accounts or HSAs are an IRS approved account where you set aside before-tax money and are allowed by make withdrawals tax-free for health related expenses. They'll prove to be a valuable tax free source of money in retirement, but you have to accumulate a meaningful supply of money in them before …
My Comments: No one disputes the argument that health care in this country is expensive. No one seems to dispute that quality health care in this country is readily available if you can afford it. What is disputed is why, among the 30 or so highly industrialized nations in the world, we rank almost last …
Continue reading Coronavirus drives health insurers back to Obamacare
My Comments: My readers have long known of my lack of respect for Donald Trump. Some ten days ago, he and Mike Pompeo began a coordinated effort to shift the blame for our slow response to the Covid19 pandemic. The idea was to allege there was voluminous evidence it originated in a lab in Wuhan. …
Continue reading Did the Coronavirus Originate Outside of Wuhan?
Helping Define Your Financial Future 