According to Fidelity Investments’ 21st annual Retiree Health Care Cost Estimate, a 65-year-old couple retiring this year may expect to spend an average of $315,000 on healthcare and medical cost…
Is It Hard to Retire From Your Government Work?
Retiring from government work is a big decision that must be given considerable thought and attention. Failure to make the best retirement decision may affect your financial and emotional stability after your retirement. If you work with the government for a longer time, you will have more annui…
Misconceptions About Medicare
Older Americans have a lot of misconceptions about Medicare, which could hurt them in retirement.
A Medicare guide – Learn about open enrollment, plan options and much more
Medicare is…complicated…
Learn Why Your Medicare Part B Premium Can Vary and How to Reduce It
Most people pay the standard rate for Medicare Part B premiums, but those with higher incomes pay more. The amount you pay for Medicare Part B premiums is determined by your Modified Adjusted Gross Income (MAGI) from two years ago. Your MAGI is an adjustment to your AGI due to various tax deduct…
Federal retirees received a 9% increase in COLA
The evaluation phase for January 2023 federal pensions and benefits is 75% complete. Considering a 1.6% rise in the impact of inflation used to calculate the COLA (cos…