How to Pay for Healthcare in Retirement

My Comments: Last Friday I introduced the idea of a Health Savings Account or an HSA. For the rest of this week, I’m going to add to your understanding of this potentially useful financial device and it’s favorable tax consequences. The words that follow here may not apply if you are about to sign up …

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A Primer on HSAs and Saving for Retirement

My Comments: HSA is an acronym for Health Savings Accounts. They came into being in 2003 as part of the Medicare Prescription Drug, Improvement, and Modernization Act. They are defined for tax purposes under Section 223 of the IRS Code. With increasing attention on the millions of Americans who will soon retire, and their general …

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The Most Overlooked Issue In Retirement Planning

My Comments: I’ve written life insurance policies on men, women and sometimes children for over 40 years. In almost every instance, objectivity was hard to come by. The idea of death is difficult to talk about, especially when it’s about your death, or those you love. As I’ve aged and come to terms with my …

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Medicare Open Enrollment Runs from October 15th to December 7th

My Comments: Medicare is an absolutely critical component if you expect to have a joyful and happy retirement. As someone who benefits monthly from it, I can attest to its value in contributing to my peace of mind.  Don't vote for any politician who in any way threatens is viability. Each year, there is an …

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Here’s what you need to know about Medicare if you’re still working

My Comments: Despite the appeal of retirement, no one is ready to admit that the transition from “working for money” to “money working for you” will be easy. The cost of health care as you get older has the potential to cause your retirement plans to come unglued. To keep that from happening, Medicare is …

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How to pay for long-term care? Several funding options exist

My Comments: If you don’t think about it, maybe it’ll go away. But for millions of us, living longer than our parents, LTC is an insidious risk that needs to be dealt with. There is probably no best answer, just a better one. Short of dying early, most of us will need advanced care of …

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Medicare open enrollment begins Sunday – and not just for those age 65 and up…

My Comments: Have you noticed a flurry of ads on TV recently talking about Medicare and all the benefits you are entitled to for one easy price per month? I have. The ads promote the use of Medicare Plan C, also known as Medicare Advantage plans. They are a sop to the insurance industry, giving …

Continue reading Medicare open enrollment begins Sunday – and not just for those age 65 and up…