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Medicare open enrollment starts October 15

Chances are good that you’ve seen or heard something about Medicare open enrollment recently.  What is it?  You become eligible for Medicare when you turn 65.  You have a seven month window to enroll in the program.  The window opens three months before the month you turn 65 and continues for three months after the […]

Can the new health care law help you retire early?

One of the biggest obstacles to retiring early is health care.  If you want to retire at 62, but don’t become eligible for Medicare until 65, you have a three-year window where you need to bridge the gap between your employer’s coverage and Medicare.  Traditionally, that has meant either going without insurance (not a good […]

A To Do List for year’s end

As 2011 draws to a close, there are several financial moves that you should consider.  Below are 10 steps that could help reduce your tax bill, solidify your investment strategy and ensure that your retirement planning is on track. Review beneficiary designations Many accounts, such as Individual Retirement Accounts (IRAs), 401(k)s, annuities, and insurance policies […]

Medicare: A short primer

Quick Summary:  The basic information you need to know about Medicare. If you (like most) plan on using Medicare as your primary source of health care coverage during retirement, you should have a basic understanding of how it works.  Unfortunately, according to a recent study by the National Council of Aging and UnitedHealthcare, a majority […]

Can you count on Social Security and Medicare?

Every year, the Social Security Board of Trustees reports to Congress on the fiscal health of the Social Security program.  Not surprisingly, high unemployment and a wave of retiring baby boomers have put a heavy strain on the program.  Benefits being paid already exceed tax revenues collected and in their 2011 report, the board estimated […]