Retirement Strategies From a Local Pro

Submitted on Sat, 11/05/2016 - 9:49 am

Based on over 40 years of experience, these are guidelines that a retirement expert uses for his own planning. Some key takeaways:

  • Work until 70, but not necessarily at the same job.
  • Develop sources of retirement income.
  • Control living expenses.
  • Take care of health.
  • Protect against catastrophic health conditions.
  • Stay socially engaged.

Bad News: What Medicare Doesn't Cover

Submitted on Sat, 11/05/2016 - 9:43 am
Huffington Post

Medicare benefits extend to a lot of treatments and services, but not all of them. Discover what's not covered, and learn the exceptions to the rules.

  • Routine foot care
  • Dental care
  • Services outside the United States
  • Services provided by family members
  • Routine hearing and vision
  • Long term custodial care
  • Cosmetic surgery
  • Alternative treatments

Best Cities for Successful Aging

Submitted on Sun, 10/30/2016 - 11:48 am

The U.S. Is Growing Older. The implications of this demographic shift require attention now. Cities are at the forefront, as their leaders act to help older adults realize healthy, productive, and purposeful lives. Best Cities for Successful Aging examines the capacity of metropolitan areas to address the challenges and capitalize on the opportunities as a new future of successful aging takes shape across America.

Some Insurance Companies Move Beneficiaries to Medicare Advantage Plans Without Their Permission

Submitted on Sat, 10/29/2016 - 8:21 am
Modern Healthcare

Shocking news that some insurance companies, including some of the biggest healthcare insurance providers in the country, have been given permission to "seamlessly convert" beneficiaries who are eligible for Medicare into Medicare Advantage plans. These beneficiaries did not choose the plans, and may find that their doctors are not in the networks. Worse, if the beneficiary was in an employee plan and wanted to be in traditional Medicare after retirement, their placement in a Medicare Advantage plan may make it more difficult to get a Medigap plan after they retire.

Nearly Three-Quarters of Retirees Experience a Financial Shock

Submitted on Wed, 10/26/2016 - 3:56 pm

72% of retirees experience at least one financial shock, and for one third of them, it depletes their savings by 25%, according to the Society of Actuaries’ (SOA) 2015 Risks and Processes of Retirement Survey. The types of shocks and unexpected expenses most often reported by retirees include:

Planning for Life Expectancy

Submitted on Mon, 04/06/2015 - 1:29 am

One of the confusing things about planning for retirement is trying to figure out how long it will last. It's as if I was crouched at the start of a race without any idea how long the race will be. If it's going to be short, maybe I should sprint for it and not worry too much about running out of energy. But if it's going to be a marathon I'll want to nurse my resources and watch them carefully so I don't run out too soon. But getting some idea how long the race will be means figuring out my life expectancy.