
Margarida Correia
Former associate editorMargarida Correia is a former associate editor of the Employee Benefits Group and of Bank Investment Consultant.
Margarida Correia is a former associate editor of the Employee Benefits Group and of Bank Investment Consultant.
Retirees can change their Part D prescription-drug plans, Advantage plans, and/or switch from traditional Medicare to Medicare Advantage during open enrollment, which ends Dec. 7.
About 28% of seniors polled by Nationwide claimed that their lives worsened after they retired.
The annual cost-of-living adjustment could increase by as much as 2% due to inflation spurred by recent hurricanes.
Social Security, pension type, and education are factors that have contributed to the rise in the retirement age since the mid-1980s.
Savings are only as safe as the places that hold personal information, expert says.
Retirees can open health savings accounts, which offer tax breaks on contributions and qualified distributions, and tax-free growth on investments.
Those who left the workforce can open HSAs, which offer tax breaks on contributions and qualified distributions, and tax-free growth on investments.
Some experts say that people are living longer past the age of 70 and they should not be forced to make unnecessary taxable withdrawals.
While delaying Social Security can maximize retirement benefits and boost income, some clients have financial circumstances that make an early retirement a better option.
While delaying Social Security can maximize retirement benefits and boost income, some workers have financial circumstances that make an early retirement a better option.