Tag: retirement planning

medicare surcharges

Save thousands of dollars on Medicare surcharges

In case you haven’t heard Medicare surcharges are on their way up The Collins Dictionary defines “surcharge” as: A surcharge is an extra payment of money in addition to the usual payment for something. It is added for a specific reason. Medicare ushered in a new income scale as the basis for Medicare high-income surcharges.…

medicare donut hole

Taking the bite out of the Medicare “donut hole”

The Medicare donut hole is catching countless seniors unaware As we get older taking prescription drugs is a fact of life and the costs of these drugs continue to skyrocket. In simpler times retirement planning was less complicated than it is for us today. There were more defined benefits retirement plans that provided you with…

involuntary retirement

The New Reverse Mortgage…When staying in your home is your first priority

The best time to plan your retirement is before the boss does! Getting a pink slip along with your paycheck can be devastating, for baby boomers it can be life changing. Call it what you like but at 65 Norm knew a pink slip meant he had just met “involuntary retirement” There aren’t many options…

retirement test drive

Taking retirement for a test drive

Before Retirement, Try Spending Like a Retired Person Millions of baby boomers just like you are approaching retirement with a great deal of doubt regarding what the future holds. That apprehension you’re feeling in the pit of your stomach is normal. Many things in your life are going to change, some good, some not so…

bridging SSI gap

Bridging the SSI Gap with The New Reverse Mortgage

When is the best time take SSI?…When you need it most For many of us taking our Social Security benefits at 62 sometimes is an economic necessity rather than an option.  But the longer you wait the more SSI you’re entitled to. If you wait until you reach age 70, your monthly Social Security Benefit…

your retirement

The chicken, the pig and your retirement

Get committed to planning your retirement There is an old parable about a chicken trying to convince a pig to start a ham and eggs restaurant. The chicken realizes that the pig is a little hesitant in their joint venture and after further probing, the pig expresses his reservations. He tells the chicken he’s has…