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How to properly defer Medicare enrollment

April 19, 2016

As the retirement age in our country continues to push into the late sixties and early seventies, many individuals are realizing that delaying Medicare enrollment may be a prudent plan. Considering the significant impact health care costs have...

Going under the hood of the new DOL fiduciary rule

April 6, 2016

The Labor Department has just revealed the final scope of a controversial new rule intended to raise investment advice standards on retirement accounts. It's the most significant change in the retirement and IRA marketplace since the ERISA law...

How to effectively use health savings accounts for health care in retirement

March 7, 2016

A recent theme of my articles has been to focus on maximizing retirement cash sources that do not generate higher-income Medicare surcharges. The surcharges, officially known as the income-related monthly adjustment amounts (IRMAA), create higher...

Medicare, reverse mortgages and the complexities of retirement planning

February 8, 2016

My column last month about how reverse mortgages may help stave off Medicare surcharges ignited a few sparks and even more questions. One of the most persistent misunderstandings surrounding reverse mortgages is fear. As one adviser put it,...

How reverse mortgages can help stave off Medicare surcharges

January 15, 2016

While we were reveling in New Year's festivities, Medicare ushered in a new income scale as the basis for Medicare high-income surcharges. The bottom line is that more of your Medicare clients will pay more for their Medicare Parts B and D in...

Medicare surcharge letters dampen holiday spirits

December 8, 2015

There's a new Grinch stealing holiday cheer, and her name is IRMAA. That's short for Income Related Monthly Adjustment Amounts, which is government lingo for the higher Medicare premiums that some people must pay next year if their retirement...

How to minimize Medicare surcharges with life insurance and annuities

December 7, 2015

If you've been following the recent news about Medicare you are well aware that folks with retirement incomes above a certain level pay surcharges for their Medicare Part B and D. But did you know that those surcharges, officially known as the...

How to help clients minimize the sting of 2016 Medicare premium rates

November 13, 2015

The Centers for Medicare & Medicaid Services (CMS) announced a host of new Medicare costs for 2016. Among them were the highly anticipated Medicare Part B 2016 premiums, Income Related Monthly Adjustment Amounts (IRMAA), deductible and $3 monthly...

Budget deal would nix popular Social Security claiming strategies

October 28, 2015

A budget agreement reached by congressional leaders and the White House would kill popular Social Security claiming strategies shortly after the measure becomes law, cutting off payments in midstream for beneficiaries, according to experts....

Don't abandon Social Security strategy to avoid Medicare hike

October 26, 2015

Ever since the Social Security Administration announced that there would be no cost-of-living adjustment for benefits in 2016, financial advisers have been clamoring for guidance about how to protect their clients from a steep increase in Medicare...

Hedging against triple whammy of Medicare price hikes

October 18, 2015

The price tag for Medicare is expected to swell dramatically Jan. 1 as the result of several factors. It's expected that: •Medicare Part D premiums will grow 8% on average and by as much as 20% for some of the most popular Medicare prescription...

No Social Security cost-of-living adjustment in 2016

October 15, 2015

Social Security recipients will not receive a benefits boost next year mostly because low gasoline prices have kept inflation too low to spark an automatic cost-of-living adjustment, the government announced Thursday. “Seniors are very upset...

Seniors squeezed by no Social Security increase

October 13, 2015

By the time the Social Security Administration makes its official announcement about 2016 benefit levels later this week, it will be old news. As I reported in early August, there will be no increase in Social Security benefits next year as...

Hillary Clinton's plan to prevent stock market crashes

October 9, 2015

Hillary Clinton has a plan to prevent the next stock market crash. Step one: New fees for taking investment risks, because taking investment risks aren't risky enough already, or something like that. Nirvana in a nutshell The juiciest tidbits...

How Social Security claiming strategies affect Medicare premiums

September 23, 2015

Ever since I first wrote about the likelihood that there will be no cost-of-living adjustment in Social Security benefits in 2016, I have been inundated with questions from readers asking how their clients will be affected. Although Social Security...

How to shop smart during Medicare annual enrollment

September 16, 2015

It's back to school and similarly it's time to do some Medicare homework. The Medicare Annual Enrollment Period is fast approaching. The AEP cycle starts Oct. 15 and ends Dec. 7, with coverage effective Jan. 1. This is the time of year when...

Worst-case scenario for Medicare premium hike in 2016

August 31, 2015

By now, most InvestmentNews readers know that there probably will not be a cost-of-living adjustment in Social Security benefits next year (as I first reported earlier this month). This would be only the third time in the past 40 years that...

Double whammy: Potential lack of COLA could mean higher Medicare premiums

August 13, 2015

The 2015 Social Security Board of Trustees annual report stated that some Medicare enrollees could see a 52% increase in their Medicare Part B premiums starting in January 2016! To understand how this is possible, a brief overview of Medicare...

Social Security cost-of-living adjustment unlikely for 2016

August 3, 2015

It looks like Social Security recipients will not see a cost-of-living adjustment in their benefits next year. And some high-income retirees may actually see a net reduction in benefits in 2016 as their Medicare premiums, which are deducted...

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