Congratulations! Your retirement planning paid off. You built a $1 million retirement nest egg. How long will $1 million last in retirement?
All it takes is one accident or medical emergency while out-of-state in Arizona or Florida this winter, for powers of attorney and living wills to pay for themselves.
There are a number of reasons you may want to update your beneficiary designations on your investment accounts. Divorce might be one of them.
Because the premiums for Plan G policies tend to be much less expensive than with Plan F, people tend to save hundreds of dollars with Plan G, even if they have to pay a deductible.
Many people in the insurance industry call Plan F the “Cadillac” coverage of Medicare supplement options.
Since you buy Part D coverage from a private insurance company in your state, instead of from Social Security, the coverage will vary from one plan to the next.
Medicare pays a flat amount to your Medicare Advantage plan to provide your medical care. You receive all of your Part A and B healthcare through your Medicare Advantage plan.
If you have an illness or injury that needs immediate or acute care at a hospital or other approved healthcare facility, and you receive those medical services while an inpatient, Medicare Part A can cover the costs.
Various studies show that most adults have not prepared a legal will. However, the point I’m really trying to make is that everyone has a will in a way—just not one that they have executed.
You don’t want to cause a fight over these items, after your dad is gone.
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