Category Archives: medical costs

The Rising Medicare Scams You Need to Know About

Grace Birnstengel, Next Avenue Associate Editor Open Enrollment time is here, and in addition to navigating the Medicare maze to get the best benefits possible, those eligible for the federal health program for Americans 65+ have another thing to be worried about: Medicare scams. The Federal Trade Commission warns that scammers may pose as “official” Medicare agents over the phone or at the door in an attempt to gather personal information or swindle people into purchasing… Read More »

How Much Do You Need to Retire? Four Ways to Achieve That Magic Number

How much do you need to save for retirement? Jordan Dechtman Wealth Management offers a free retirement income analysis and four strategies to save more.

Of the 46 Frequently Asked Questions about Retirement, this one is at the top of the list for many people approaching retirement: “How much do I need to save before I retire?” The answer is hardly simple, as John Wasik points out in the article below. Because you don’t know how long you will live, how much you will spend on health care, or how inflation will affect prices for everyday expenses, it can be… Read More »

Could Your Children Be on the Hook?

Some retirees who don’t have long-term care insurance or adequate savings to cover an extended stay in a care facility might be jeopardizing their children’s future financial well-being. Twenty-nine states have archaic, filial responsibility laws on the books. Although rarely enforced, these laws can hold grown children responsible for impoverished parents’ financial support, and in some cases, medical and long-term care expenses. A small number of states even extend this responsibility to grandchildren. The states… Read More »