As a financial coach, I often work with folks who are in the accumulation/growth phase of planning for retirement (i.e., 5 to 10 years or more away). Sometimes I come across someone who has either: 1) received a recommendation from their stock broker or insurance salesperson to purchase a fixed-rate, indexed, or variable annuity product…
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Planning for Health Care Expenses in Retirement
In previous articles, I discussed Medicare and other health insurance options in retirement. One of the big myths about Medicare is that it pays for everything. Well, it doesn’t – nor does Obamacare or most other plans. In almost all cases, you will be responsible for premiums, co-pays, deductibles, and other out-of-pocket expenses, depending on…
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Medicare Health Insurance Options
My wife and I are both closing in on Medicare eligibility at age 65. So, I thought it was time to take a hard look at it so that we can make the right decisions at the right time. In this article, I will share what I’ve learned so far. Our situation is similar to many…
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Health Insurance Options Before Medicare
Your medical insurance choices will depend greatly on whether you are young and a long way from retirement, an “early” retiree and a few years away from Medicare eligibility, or 65 or older and eligible for Medicare. In this article, I discuss the medical insurance options that younger people and “early retirees” may consider. In…
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