Medicare is designed to help you manage your healthcare costs in retirement. Most individuals can get a significant portion of their healthcare costs covered by Medicare. However, the process of applying to Medicare to get the benefits you need can be a bit complicated and mistakes can wind up being quite costly. It is important that you understand what Medicare has to offer so you can minimize out-of-pocket costs and keep your premiums low. Here are the top 3 common…
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Need a Break From CNN, Fox News and Your Facebook Feed?
Around 9 months ago, I was introduced to a personal development speaker named Jim Rohn. I’ve mentioned him before in some of my videos and emails, but if you haven’t heard of him, I would definitely recommend looking up his books/speeches (after you finish reading this email, of course). Anyway, Jim was diligent about encouraging people to be very mindful of what information you allow into your mind. He saidyour mind was a mental factory, and whatever ingredients you put into…
3 Key Things to Know About Medicare
We’ve all heard about Medicare and have a general understanding that it goes hand-in-hand with retirement. If you’re on the journey of figuring it all out, it’s best to start at the basics. When you are working, your health insurance is often provided by your employer. Once you retire you need to get your own health insurance and to help with this there is Medicare. Medicare is a federal health insurance program for individuals 65+ and younger people with disabilities….
What’s The Difference Between Medicare Advantage and Medicare Supplement
A common misconception when it comes to Medicare is that once you sign up, you get all the health care coverage you need. While Original Medicare (Part A and Part B) covers hospitalizations and doctor visits, for many, there are still significant gaps in coverage, which is why there are products like Medicare Advantage and Medicare Supplement. To pick the right plan for you, you must first understand the difference between Medicare Advantage and Medicare Supplement. Here’s what you need…
Help! How Do I Enroll In Medicare Advantage?
I was recently asked about the process of enrolling in Medicare Advantage and I thought I’d take the time to write a quick post to help clarify the process. Many of the sites that explain the program make it out to be more complicated than it actually is. Here’s what you need to know. What is Medicare Advantage? A Medicare Advantage plan is essentially a Medicare health plan offered by Medicare-approved private companies. These health plans combine Medicare Part A…
The Power of Negative Preparation For Your Retirement
I love to read, especially about American History. Earlier this week, I was reading about WWII and General Patton. Before battle, General Patton would think through – and plan – for any and everything that could go wrong in battle. What if the enemy attacked us here, what if they had more soldiers than we were anticipating, what if they used this strategy, what if, what if, what if… This was so important to General Patton because he felt that…
What A Joe Biden Presidency Could Mean To Your 401K
Despite the hyper partisan times that we are living in, there is one thing in my experience as a financial planner that unites both Republicans and Democrats: Taxes. I work with people on all sides of the aisle, and they all want to know what they can do to lower their taxes. As we get closer to Election Day, the polls are showing that Joe Biden has a good chance of winning, which means it’s important to understand what his…
Thinking Of Leaving California? Here’s Two Things You Need To Do
Recently, I have met with a number of clients and friends who are thinking of getting out of the Golden State of California. It makes sense! You can cut your housing expense in half, lower your taxes, and have a better quality of life. But before you get out of dodge, you need to be mindful of two very important things, which I describe in the video below: Want a free copy of my book on retirement and taxes? Go…
Are You Getting Your “Fair Share”?
There seems to be a growing number of politicians these days who think that us taxpayers haven’t “paid our fair share” of taxes…. They think that the people paying federal income taxes, state income taxes, property taxes, sales taxes, payroll taxes (and more), for decades, simply aren’t contributing enough to our government. Frankly, I think that’s wrong. If anything, I don’t think taxpayers are receiving enough benefits for forking over so much in taxes. But that’s just me…feel free to disagree. If…
Chemistry 101 With Walter White
During our extended Quarantine, I’ve been watching a show that my brother highly recommended – Breaking Bad. (No spoilers in this email, but I’ll warn you if I write about this again and I spoil anything) It’s a show about a high school chemistry teacher (named Walter White) who has a midlife crisis, gets diagnosed with cancer, and starts making crystal meth to raise money for his family. Yes, you read that right. Early on in the show, Walter is…