Dispose of assets upon death, plan for incapacity during life Estate planning is the process of structuring a formal plan for disposal of your assets upon death and planning for an incapacity during life. If you have underage children, a third purpose of estate planning is to set guardians in place for those children if […]
Your Medicare costs will depend on how much money you make You may have heard that Medicare Part B will cost you more each month if you have a higher income, and this is true. In fact, there are two...
You may have heard that you are required to take Medicare at age 65 – let’s tackle that first. There are five circumstances where you have to take Medicare at age 65 to avoid a penalty. One circumstance where you...
Changing an estate plan shouldn’t be difficult. In fact, it is wise to revisit your estate plan regularly and make changes if you experience major life adjustments. How to make changes Most trusts are revocable trusts. That means that you...
Do you need a will or a trust (or neither)? One of the easiest ways to understand the difference between a will and a trust is to look at what would happen upon your death if: You did nothing You...
Here’s how to find out how much your Social Security will be taxed The promise when Social Security benefits were first passed in 1935 was that this income would not be taxable income for retirees. And it wasn’t… for 47...
Here’s how to get the most out of your health savings account A health savings account (HSA) gives you the opportunity to take advantage of certain tax advantages that no other account can touch. HSAs are referred to as triple...
Retirement Nerds is an educational resource. Medicare has neither reviewed nor endorsed this information. It is not connected with or endorsed by the United States government or the federal Medicare program. Reaching out to us will connect you to a licensed broker who is trained and certified to help you review the plan options available in your area. Currently we represent between zero (0) and nine (9) organizations which offer between zero (0) and fifty-two (52) products in your area. You can always contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program for help with plan choices.
