Category: Retirement

Big Changes For Retirement Planning Under Secure Act 2.0

At the tail end of December President Biden signed into law the Secure Act 2.0 as part of the $1.7 trillion Consolidated Appropriations Act of 2023. Its name represents an extension of the 2019 Setting Every Community Up for Retirement Enhancement (SECURE) Act that was the Federal government’s first major retirement-focused legislation since 2006. Secure…
Read more

Should Age 65 Employees Sign Up For Medicare?

It’s open enrollment time again. Ordinarily when someone turns age 65 they should sign up for Medicare, or else risk having a late enrollment penalty applied to future premiums. But the rules are quite different for people still working. I will attempt to simplify them as briefly as possible. First, here are some basic Medicare…
Read more

When Should You Start Taking Social Security?

I’ve written numerous articles over the years about strategies for maximizing your Social Security (SS) benefits. But the most fundamental decision all retirees face is when to start taking payments. Which is better: to start as early as possible or to delay benefits as long as you can? First, you need to understand how SS…
Read more

U.S. Life Expectancy Lowest Among Peer Countries

It’s well-documented that the U.S. had more deaths due to COVID than any other country on the planet (excluding authoritarian countries whose reporting is highly politicized). According to a study published by the Journal of the American Medical Association (JAMA), U.S. life expectancy – which was previously lowest among 21 high-income advanced democracies with available…
Read more

The Biggest Risk You Face With Your Investments

If someone were to ask you what you thought is the biggest risk you face with your investment portfolio, what would be your answer? Would it be the increased investment volatility we’ve been seeing this year? Or perhaps it’s the risk of investment losses? Maybe you’d say inflation since it has recently ramped up to…
Read more

Useful Medicare Website For Comparing Drug Costs

One of the most frustrating experiences for seniors on original Medicare is shopping for the most beneficial Part D plan during open enrollment each year (and also on your birthday if you live in California). Medicare supplement plans (aka Medigap) are highly standardized and consequently relatively straightforward: your choice is primarily a tradeoff between premiums…
Read more