As the coronavirus continues to spread, be sure to review your health insurance to determine how you will handle out-of-pocket costs should you need testing, hospitalization or treatment of COVID-19 symptoms. As the coronavirus spreads across the nation, now is a good time to review your health insurance to determine how much you might have …
While you were working, you likely relied on employer insurance. But after retirement your options are different, and that requires careful planning. Some 58% of people in the U.S. today get their health insurance through an employer, either their own or a spouse’s (or a parent’s, if under 26). Employers usually subsidize the premiums, so …
For some families, dependent benefits for children with disabilities are an important factor in the Social Security claiming equation. Here’s what you need to know. Children with disabilities such as Down syndrome, autism, or some other type of disability generally do not qualify for Social Security benefits. In order to receive Supplemental Security Income (SSI), …
The usual method for estimating spending needs in retirement is to take your post-retirement household budget and tack on an inflation rate, such as 2%. Not so for health expenses. Some expenses increase at a faster rate than the inflation rate you use, others at a slower rate, but overall, expenses such as housing, utilities, …
The most accurate and reliable way to determine your spending needs in retirement is to sit down and make up a budget projecting costs in the areas of housing, utilties, food, transportation, leisure activities and so on. Depending on how your life will change (or not) after retirement, you can base these projections on the …
An apple a day keeps the doctor away – and spares you the bill for medical services. Does this logic carry over into lifetime health care planning? Can you reduce your lifetime health care costs by staying healthy? Apparently not. The Center for Retirement Research at Boston College has revealed the counterintuitive finding that married …
Can You Reduce Your Lifetime Health Care Costs by Staying Healthy? Read More »
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