Medicare prescription drug coverage: Clients may need a new plan
Those new to Medicare may not realize they need to buy a separate policy to cover prescription drugs. There are some partial exceptions, but even in those cases, coverage can vary.
Medicare
4 out of 5 workers are making this costly retirement mistake
Among current retirees, the numbers aren't much better: 60% of them have not calculated how much health care costs impact their savings.
Retirees share 6 secrets to financial well-being
Many seniors who succeeded in retirement set their sights on becoming millionaires while they were young.
Finding health insurance before Medicare
Employees are advised to start looking for coverage in the marketplace, which will be open for 2019 enrollment from Nov. 1 through Dec. 15.
A number to avoid when discussing healthcare costs with clients
Advisors should frame health care costs as an annual expense rather than a lump sum, which is demotivating for investors, according to Vanguard.
Medicare Part D drug coverage gap closing at faster clip
The gap for brand-name prescription drugs for Medicare beneficiaries is likely to narrow down to 25% of drug costs from the scheduled 30% next year.
Think saving for retirement is unrealistic? Try retiring with no savings
A new survey finds that three-quarters of baby boomers expect to postpone retirement due to a unrealistic expectations of medical expenses, among other reasons.
Think saving for retirement is unrealistic? Try retiring with no savings
A new survey finds that three-quarters of baby boomers expect to postpone retirement due to a unrealistic expectations of medical expenses, among other reasons.
What workers should consider before taking a distribution from a self-directed IRA
Employees should account for the tax ramifications before making such a decision.
Do employees have to sign up for Medicare at 65?
There can be substantial penalties for those who are late to sign up, but when exactly is that deadline?
401(k) features all workers should know
Contributing $300 a month to a 401(k) over 40 years with an average 7% return will result in more than $700,000. So the benefits are there, but do your employees know the details?
The biggest risk retirees face right now
Retiring at a time when the market is down is the biggest risk that employees will face. Here’s how to minimize the impact of a market slowdown.
Decluttering retirement savings: What to do with old 401(k)s, IRAs
Employees can simplify retirement portfolios by merging multiple accounts
Declutter retirement savings: What to do with old 401(k)s, IRAs
Employees can simplify their retirement portfolio by merging multiple accounts.
3 tax-planning mistakes retirees too often make
Relying too much on tax-loss harvesting to generate an income is a common mistake that workers should avoid after they retire.
3 tax-planning mistakes retirees too often make
Relying too much on tax-loss harvesting to generate an income is a common mistake that clients should avoid after they retire.
Fixing small-company 401(k)s
Small firms are allowed to set up multiple-employer plans, but the government needs to "simplify and rationalize the rules" for these types of plans, says an expert.
401(k) rollover actions not off the hook in fiduciary rule delay’
Financial advisors can still be held liable for violating impartial conduct standards even though the fiduciary rule has been delayed until 2019.
What to do with that 2% raise in Social Security checks
In September, the inflation rate was 2.23%, slightly higher than the proposed Social Security increase. So realistically, recipients "will not be better off at all."
Investments that should (and shouldn’t) go into an IRA
High-yield or junk bonds, equities, and real estate investment trusts are excellent investment options for IRAs.
