Flower Mound, TX

Columbus, OH

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  Over the past few decades, the expenses associated with extended medical care, assisted living and nursing home facilities have surged. According to data from Genworth, the average cost of a private room in a nursing home now exceeds $100,000 per year. And, assisted living facilities, while somewhat less expensive, still command an average yearly fee of over $50,000. Even in-home care services, often seen as a more affordable option, can quickly drain savings. Given the magnitude of these potential expenses,...

What long-term care costs does Medicare cover?

Retirement Daily

The ability to sign up for Medicare ends three months after the month you turn 65, what happens if you're late?

What Happens When You Don't Sign up For Medicare on Time?

Next year could get complicated for folks with a Medicare Advantage or a Stand Alone Part D Prescription Drug Plan. While it’s always good to pay attention to your Annual Notice of Changes (ANOC) that arrives in your mailbox in September, give it an extra look this year. With the changes coming in 2025, this is the year to talk to a Medicare insurance agent to guide you through the details if you haven’t used one before.

Medicare Changes

Retirement planning can seem like a daunting task. You'll need to consider all your options for health insurance, which means you're probably looking into Medicare. Medicare provides health care coverage for Americans aged 65 and older, as well as some younger people with disabilities -- a total of more than 65 million Americans, for about $905 billion per year.

Do You Have to Enroll in Medicare When You Turn 65?

A suggestion for people who want the coverage but fear they can’t afford it. Editor’s note: This is the first of two articles about long-term care insurance to appear on Next Avenue this week. Here's the long-term care problem for many middle-income people: They want to buy a...

A New Way to Pay for Long-Term Care Insurance

FinanceBuzz

Retired and in need of health insurance? Check out our top part-time job picks that give retirees both coverage and flexibility.

8 Best Part-Time Jobs for Retirees Who Need Health Insurance

The Motley Fool

You could be earning far more from Social Security.

Social Security: The Average Retiree Could Collect $740 More per Month With This Simple Move

According to a recent analysis, Medicare and Social Security analyst Mary Johnson projects that in 2025, the Cost of Living Adjustment (COLA) for Social Security benefits will be lower. Relative to her May projection of 3.2 percent, she now projects a 3 percent increase in payments for seniors, survivors, as...

2025 Social Security COLA: Expected Impact on Disability Benefits

SmartAsset

If your wife is eligible to collect a spousal benefit, whether or not it is paid automatically can depend on when each of you claims benefits. If your wife claims benefits on her own employment history after you are already getting Social Security payments, Social Security will determine whether a spousal benefit or a benefit […] The post I Will Claim a $3,750 Social Security Benefit. Will My Wife Automatically Get a Spousal Benefit? appeared first on SmartReads by SmartAsset.

I Will Claim a $3,750 Social Security Benefit. Will My Wife Automatically Get a Spousal Benefit?

Those who claim benefits at 62 can expect their monthly check to shrink significantly. The 80% rule says you should aim to generate 80% of your last working year's income during retirement. An IRA isn't tied to an employer, so people can have a retirement account regardless of their job.

Here's the Average Social Security Benefit at Age 62 -- and Why It's Not the Best News for Retirees

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Bucks County Beacon

Conservatives have done the United States a huge favor by explaining in detail what they’ll try to do if Donald Trump is reelected. Project 2025 , a “presidential transition project” of the Heritage Foundation, helpfully lays out how a group of former Trump officials would like to transform the country into a right-wing dystopia where the rich thrive and the rest of us die aspiring to be rich.

Project 2025’s Plan to Gut Medicare and Medicaid

Humana has made a minority investment in Healthpilot, an AI-enabled platform that makes it easier for people to search for and enroll in Medicare plans. The MA insurer made the investment through its payer-agnostic brokerage unit, according to an announcement. The funding aims to back both firms as they push toward a more transparent and efficient member experience. Financial terms of the investment were not disclosed.

Humana makes investment in AI-powered Medicare enrollment platform Healthpilot

New Jersey State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Connecticut State

The Shy Green

Big news hitting the grocery scene: Stop & Shop is set to close 32 of its stores in five states. This move is a major shake-up for local communities across the Northeast. Here’s where the closures are happening:

A big-name grocery store is shutting down over 30 locations in five states

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Anika Jindal

Retirement should be a time for relaxation, not financial stress. Overspending on luxury items or ill-advised investments can jeopardize your financial stability. This article will discuss certain purchases that retirees, particularly Baby Boomers, should avoid to maintain their financial health. Let’s explore these potential pitfalls to ensure a secure and peaceful retirement.

12 Purchases Boomers Should Never Make During Retirement

Beyond the uncertainty of longevity is the pattern in which spending in retirement typically occurs. Early in retirement, people tend to be active. This results in greater spending (e.g., from going out for meals, shopping, playing pickleball, etc.). Spending decreases during mid-retirement as people become less active but still experience relatively decent health. Medical and daily care expenditures rise during the later years as more health and ambulatory issues occur. The pattern resembles a U-shaped curve.

Balancing Longevity Risk With Late-in-Life Care Expenses

California State

The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

More than 50 million Americans receive Social Security retirement benefits. Most of these recipients are retirees who worked and paid Social Security taxes. But millions of dependents and survivors of retired workers, including spouses and ex-spouses, also receive a monthly benefit from Social Security. Spouses can collect Social Security benefits...

Divorce & Social Security Spousal Benefits

The good news is that Social Security beneficiaries can expect a raise next year. But there are a couple of potential drawbacks to know. Inflation has certainly cooled off from its 2022 peak, but it isn't gone. As a result, Social Security beneficiaries can expect a significant cost-of-living adjustment, or COLA, to increase their benefits in 2025. However, there's more to the story. In this video, I'll discuss two big reasons the COLA might not be enough for retirees to keep up with the cost of living.

The Expected 2025 Social Security COLA Just Increased -- But Here Are 2 Big Reasons It Isn't Enough

Finleyville, PA

Business Insider

George Dziamniski, 62, leads a "simple" lifestyle that helps him afford the basics.

A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'

This article looks at the 25 best US cities for retirement healthcare. Check out the complete list of 25 Best U.S. Cities for Retirement Healthcare. Healthcare Costs in Retirement: A Comprehensive Overview. Healthcare is one of the biggest expenses for retirees. Studies estimate that a retired couple needs as much...

The Best U.S. City for Retirement Healthcare

Lewisville, TX

Roanoke, TX

Southlake, TX

Argyle, TX

Grapevine, TX

Denton, TX

Lake Dallas, TX

Coppell, TX

Colleyville, TX

Keller, TX

North Richland Hills, TX

The Cross Timbers Gazette

NewsBreak

Can I change my Medicare supplement?

This is one of our most frequently asked questions, and while the answer is relatively simple, TV advertising and print media make it appear much more...

Can I change my Medicare supplement?

Comments / 0