MEDICARE RECIPIENTS SHOULD CHECK PLANS

Since its rocky beginning in 1966, Medicare has become the main health insurance provider to more than 50 million Americans, most of them Seniors over age 65.  However, the program has become intensely complex, resulting in a maze of information, plans, and pitfalls that can often derail an individual’s healthcare.  Many individuals just give up trying to determine the best coverage and accept whatever is presented by just any insurance agent, regardless of whether the coverage is the “best fit” for the individual’s needs. While Medicare is intensely confusing at…

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Planning for Social Security Retirement

While Social Security Retirement benefits are the cornerstone for many individual retirement plans, it is important for individuals to understand the basics of the program and the importance of planning relative to the timing of the benefit payments.  Social Security benefits are payable as early as age 62 to individuals who have worked and paid in to the system for a minimum of 10 years.  The actual benefit payments are computed using 35 years of earnings.  If an individual does not have 35 years of work, zeroes are added in…

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