Medicare and Medicaid: Do They Pay for Long-Term Care?

If you’re planning for retirement, you probably already know that 65 is an important age. That’s when you become eligible for Medicare, the federal health care coverage provider for retirees. It’s a valuable resource that provides health care protection for millions of seniors. Its sister program, Medicaid, provides similar protection for those who have little

How Will You Pay for Health Care in Retirement?

What will be your biggest expense in retirement? Housing? Travel? Taxes? It could be health care. According to Fidelity’s most recent study on health care in retirement, the average 65-year-old couple can expect to spend nearly $280,000 on out-of-pocket health care costs in retirement.1 Many retirees expect Medicare to pay for most of their health

Is a SEP IRA the Right Retirement Plan for You?

Self-employment can be a fulfilling experience, but it can also create numerous challenges. You have to serve your customers and prospect for new business. You have to keep a careful eye on your cash flow and bottom line. You may have employees whom you need to manage. With so many challenges on your plate, it

Short on Your Retirement Savings? 3 Steps to Overcome the Gap

Is retirement on the horizon? Worried that you don’t have enough money saved? You have company. According to a Gallup survey, more than 50 percent of Americans are worried about not having enough money for retirement. In fact, retirement is Americans’ top financial concern.1 Those concerns may be justified, especially for baby boomers. Research from

3 Tips to Protect Your Retirement Savings

Worried that you won’t have enough money for retirement? If so, you’re not alone. According to a recent study from Gallup, retirement is a major worry for many Americans. The study found that 54 percent of respondents were worried that they won’t have enough money to fund their retirement.1 There could be good reason for

Is the 4 Percent Retirement Rule Always Right?

If you’re like most retirees, you’ll need some level of income from your savings and investments to fund your lifestyle after you stop working. While you will likely have Social Security income and possibly even a pension, it’s likely that you may also need income from your savings. The challenge is in determining how much

Don’t Let Inflation Sink Your Retirement

Do you have a strategy to keep up with inflation in retirement? If not, you may struggle to fund your living expenses over the long term. Inflation is the incremental increase in the price of goods and services from year to year. As the economy expands—and wages and earnings increase—so, too, do prices. The inflation