If you are an early retiree, especially between the ages of 55 to 64, you have the opportunity to get large tax credits to help pay for your health insurance coverage if you buy it through the health care exchange.Carolyn McClanahan
1. Pick a Health Insurance provider Picking a health insurance provider can be a difficult task if one is not well researched. There are numerous providers in the market offering different benefits at different rates. Calculate how much you need for your retirement and pick the one that compl...
Medicare, like Medicaid, is a public health plan. However, Medicare takes effect when you turn 65, along with Social Security, and is typically the main type of health insurance for retirees. Enrollment for Medicare opens three months before your 65th birthday and ends three months after you t...
Factor inflation into your projected expenses when calculating how much you need to save. Consult with a financial professional to create a personalized retirement plan that considers your unique goals and risk tolerance. Many retirees struggle to bridge the gap between their current savings and their...
Health insuranceis at the top of the list, which sucks, because it’s ridiculously expensive for semi-retirees like ourselves who have no employers to provide it. Despite its cost,we still buy health insurancebecause a medical catastrophe can bankrupt almost anyone. Paying$100,000+ per year fo...
Medical insurance that covers the services of your doctor, outpatient hospital care, physical and occupational therapy, and even some home health care is called Medicare Part B. But Medicare Part B isn't free. Monthly premiums can range from about $105 to as much as $336 (for singles earnin...
For family members, “technology is the one thing that has changed caregiving the most,” saysAmy Goyer, a caregiving expert with AARP. Tech solutions for retirees Beyond Zoom and other forms of video calling,technology is providing solutionsranging from remote health monitoring tofinancial tracking...
Social Security Fairness Act: What It Is Some people haven't received all their Social Security benefits, even though they paid into the system. A new law changes that. Maryalene LaPonsieJan. 10, 2025 8 Jobs That Welcome Older Workers ...
How much expensive travel do you have planned? Do you plan to relocate in retirement? What impact might health issues or taxes have on your retirement planning? Do you have a housing strategy that details locales, living options, and amenities for the next stages of your life? Knowing when ...
Insurance (OASI) Trust Fund will be able to pay 100% of benefits until 2033. After that point, the fund will be able to pay 79% of scheduled benefits. Congress could take steps to address the gap, but future retirees should take the current shortfall into account when retirement planning....