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  • What are my options for life insurance?

    As you begin your retirement planning, you may consider purchasing a life insurance policy that would provide your loved ones with some financial security in the event that you were no longer around to help with important costs. Life insurance policies can help your family and dependents cover mortgage payments, college tuition, funeral costs, and …

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  • What are health savings accounts?

    Health Savings Accounts, or HSAs, are medical savings accounts that are available to people enrolled in high-deductible health plans (HDHPs). HSAs are considered tax advantaged because deposits made to these accounts are exempt from federal income tax. The funds in HSAs will also grow, tax-free, “rolling over” to accumulate year to year (unlike Flexible Spending …

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  • Tips and tricks for traveling in retirement

    When talking to soon-to-be retirees about their top goals in retirement, travel is almost always listed as a priority. While the top destinations of interest change from person to person, the desire to see more of the world is fairly universal. If you are one of the few wise people who started a travel savings …

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  • What is long-term care insurance?

    The phrase “long-term care” encompasses a variety of services intended to improve the quality of life of people with chronic illnesses, disabilities, or debilitating injuries. Providers of long-term care help their patients maintain a certain level of independence by assisting them in accomplishing daily activities, like bathing, eating, or dressing, over short or long periods …

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  • Dating in retirement

    Dating in retirement can be pretty intimidating, especially if you’ve been off of the market for a while. If you’re one of the 45% of people over 65 who are divorced, separated, widowed, or single, you may feel as though romance and love are no longer in the cards for you. The dating world has …

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  • Staying fit in retirement

    One of the greatest retirement gifts you can give yourself is an early commitment to your health and fitness. Beyond the obvious benefits of feeling and looking your best, staying fit in retirement can help you live longer, save money, and make the most of every moment in your this new phase of life. The …

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  • What is medical underwriting?

    If you’ve been shopping around for Medicare Supplement, life insurance, or long term care insurance, you may have come across warnings that you may be required to undergo medical underwriting prior to being approved for coverage. Most people, however, are unaware of what medical underwriting actually entails. The term is not exactly self-explanatory, so the …

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  • Coordinating employer-provided and Medicare benefits

    Turning 65 doesn’t necessarily mean that Medicare is your only option for health coverage moving forward. In fact, health insurance can come from multiple sources. This includes COBRA, the Federal Employees Health Benefits Program, TRICARE, and perhaps most commonly, employer-provided health plans. If you will still be working after turning 65, you’ll have the opportunity …

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  • How to meet new people in retirement

    For most of your life, making friends and building a network may have been relatively easy for you. As children and adolescents, we are surrounded by people our own age, and kindred spirits can be found in homerooms, on sports teams, or at local hangouts in your neighborhood. If you went to college, making friends …

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  • Finding new purpose in retirement

    In those last couple of years in the workforce, many people daydream about how they’ll spend their newfound free time during their fast approaching retirements. Some people imagine becoming professional jetsetters, traveling to a new faraway destination every few months. Others fantasize about recommitting to an old hobby, or doubling down on a latent passion …

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  • Creating your personal Medicare timeline

    If you’re approaching your 65th birthday, you’d be wise to start preparing—at least mentally—to enroll for Medicare. Unless you’re already receiving social security benefits when you turn 65, it’s not likely that you’ll be signed up automatically. There are several strict deadlines within the Medicare program, and you could face lifelong penalties if you miss …

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  • How do I sign up for social security benefits?

    Congratulations! You’ve put in your time, and you’re finally eligible to collect those social security benefits you’ve been paying toward for so long. If you’ve already blown out the candles on your 66th birthday cake, you’re probably wondering when that first check is going to show up in your mailbox. Unfortunately, even though you become eligible …

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  • How can I make money in retirement?

    If you’re starting to worry that you should have saved more money before retiring, you’re definitely not alone. In a 2014 survey by TIAA-CREF, 47% of people 55-64 years old said they regretted not saving a larger percentage of their paychecks throughout their career. Perhaps you feel that you’ll need to supplement your income in …

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  • Will my healthcare coverage follow me abroad?

    For many people, having the freedom and time to travel is one of the most exciting aspects of retirement. You may have been daydreaming about visiting Italy, Ireland, Indonesia, or Idaho  for years. It is less likely, however, that you’ve thought much about whether your healthcare coverage will follow you abroad. While will typically pay …

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  • How will my spouse be affected by my retirement?

    When choosing a retirement date, it’s important to consider the financial impact it’ll have on your family. Timing is incredibly important when it comes to Social Security. This is because the age at which you begin collecting has a lot of implications. The age at which you retire will not only determine how much you’ll …

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  • Retiring before 65

    As far as retirement is concerned, people’s expectations are not always in line with reality. While the average expected age of retirement is 66, the actual average retirement age is 62. Somewhat surprisingly, that’s the highest it’s ever been. This means many people decide to retire before they’ve reached eligibility for one or more government …

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  • How do I get involved in my community in retirement?

    Now that you’ve retired, you probably have some extra time on your hands. What better way to spend that newfound energy than getting involved in your local community? There are numerous benefits to connecting with people around you, including: Establishing a meaningful social network: if you’re having trouble finding friends in your area, volunteering your …

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  • Is Medicare my only health care option after 65?

    While Medicare is not your only health care option after 65, it is definitely the most common. Many Americans qualify for premium-free Part A coverage due to their work history. This makes Medicare the most affordable option in many cases. For these reasons, most people over the age of 65 choose Medicare for their health …

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  • What are pension plans?

    Pension plans are a type of retirement account. They are primarily funded by an employer who puts a set amount of money aside for their employee upon retirement. According to the Pension Rights Center, about 31% of retirees are currently receiving pension plan benefits. The number of people who have access to a pension in …

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  • How are taxes different in retirement?

    Will your tax bill get some much needed time off when you retire? Unfortunately, the short answer is no. The IRS plans to continue working full time. Don’t worry; we’re here to walk you through some of the key tax considerations you should be aware of in retirement. Social security benefits Your paycheck was already …

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  • Ways to pay for Medicare

    So you’ve chosen a Medicare plan and are ready to submit an application. Whether it’s a Medicare Supplement, Medicare Advantage, or Part D Prescription Drug Plan plan, you know about how much your monthly premium will be. But how will you pay for Medicare? There are a few different ways you can pay your Medicare …

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  • Part‑time work in retirement

    Retirement doesn’t have to mean inactivity. In fact, more retirees are working than ever before. While extra income is certainly an incentive for many, it’s not the only reason to keep working. In fact, workplace camaraderie and professional fulfillment are often cited by retirees as motivators for seeking employment. Additionally, some retirees return to the …

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  • What should I do with my 401(k) when I retire?

    So you’ve been steadily putting money into a 401(k) or similar retirement plan, and now it’s time to retire. What happens to that money now? As long as you’re above the age of 59½ while working—or 55+ and not working in some cases—that money is available for you to withdraw without any penalties. The idea …

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  • What are annuities?

    As you begin to build your retirement strategy, you may be interested in investments that will allow you to build a steady and reliable flow of income. One of the many investment options worth looking into are annuities. An annuity is an insurance product that provides a future stream of income to someone while they’re …

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