How healthcare changes seniors’ inflation math


There’s been no sign that inflation is heating up along with the economy, and that may tempt people planning for retirement to be complacent about inflation risk. But it’s important to remember that the inflation rate experienced by seniors is higher than that of the overall economy. From 1985 to 2014, the Consumer Price Index […]

Planning for Alzheimer’s: How financial advisers can help

Carolyn McClanahan

Long-term care is a major wild card in any financial plan, but managing the risks associated with Alzheimer’s is especially difficult. Research by the National Heart, Lung and Blood Institute and Boston University shows that 65-year-old-women have a 20 percent chance of developing dementia, and a 17 percent change of Alzheimer’s; for men, the corresponding […]

The 10 most important things to know about Medicare


Medicare plays a crucial role in providing retirement security – it makes health care expense predictable, and it covers a great deal of seniors’ needs. Unfortunately, the program is complicated, and it doesn’t cover everything. Here’s my list of the ten most important things seniors should know about Medicare. 1. You have two basic choices. First […]

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Medicare, ACA care and how to navigate during enrollment


This is enrollment season for two huge public health insurance programs: Medicare and the Affordable Care Act health insurance exchanges. For older Americans, the overlapping sign-up periods can lead to confusion and enrollment errors. Insurers offering Medicare and ACA policies have big money at stake, and consumers are subject to a blizzard of marketing messages. […]

Biggest surprises in retirement? The experts weigh in


The Great Recession served up some nasty financial surprises to retirees – the housing crash, job loss and shrunken 401(k)s top the list of causes for the retirement insecurity that so many face. But retirement can bring lifestyle surprises, too. It’s one of life’s biggest transitions, and a major leap into the unknown. Hoping to […]

Five ways to confront changing healthcare costs in retirement


The cost of health care is one of the biggest out-of-pocket costs facing retirees–and for some, the challenge is getting tougher. Fifteen million retirees on Medicare get supplemental health insurance coverage from their former employers–and another 2 million retirees not yet eligible for Medicare receive primary coverage from their former workplaces, according to research by […]

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Twitterverse has questions about retirement; we’ve got answers


The Twitterverse has questions about retirement. What’s the best way for young people to get started saving? Are target date funds good or bad? Should we expand Social Security to help low-wage workers? Those are just a few of the great questions I fielded during a retirement Tweet-up convened this week by my colleagues at […]

Retirement healthcare costs: Not as scary, but still daunting


The remarkable recent lull in retirement healthcare inflation isn’t fading – not yet, at least. A 65-year-old couple retiring this year will need to have saved $220,000 to meet healthcare expenses during their retirement, according to a report issued today by Fidelity Investments. It’s a daunting sum, but it’s unchanged from last year and comes […]

Getting a handle on health care in retirement


Health care is one of the largest expenses most Americans will face in retirement – and it’s among the most difficult to predict. At the recent Morningstar Individual Investor Conference, I joined a panel discussion of strategies for meeting health-care funding needs using Medicare, Medigap, long-term care insurance health savings accounts – and the Affordable Care Act. […]

Obamacare opens new pathways into retirement


Is President Obama’s health reform law a job killer? Republicans seized on a new high-profile analysis of the Affordable Care Act (ACA) this week to ram home that oft-repeated talking point. But the report, issued this week by the Congressional Budget Office (CBO), actually says something quite different: Jobs won’t be destroyed, but more Americans […]