Heading into your retirement years brings a slew of new topics to grapple with, and one of the most maddening may be Medicare. Figuring out when to enroll, what to enroll in and what coverage will be best for you can be daunting. To help you wade easily into the waters, here are ten essential things you need to know about Medicare....
Where Your Income Comes From in Retirement
In its simplest form, a retirement plan boils down to 2 factors: how much you plan to spend (your expenses) and what sources you can pull from to pay for those expenses (your income). While in your working years, your main source of income may come from one source (your job), many retirees have multiple sources of retirement income....
Average 401(k) Balances Dip
Power of Attorney – what is it and why you need one
As a financial planner, it’s part of my job to ask the question “What happens if you become incapacitated?” It’s not inconceivable that such a thing can occur, and the odds increase as you age. For a retiree especially, health concerns rise and mental sharpness may begin to dull. Which is why it’s imperative to address this now when you’ve had time to think your decision through rather than when it’s too late.
If you’re smart, you’ll plan ahead for such an eventuality, and one of the main tools you’ll use is the Power of Attorney....