Medicare is America’s largest public health program and one of the largest programs overall in the federal budget. For over 40 years Medicare has played an important role in improving the economic security and well-being of our country’s seniors. In 2011 Medicare provided benefits to over 40 million seniors and more than 8 million others with disabilities. Currently there seems to be widespread misunderstanding of how this important program is paid for and fear on the part of those still working that Medicare will not be there for them. In our previous article we discussed the various components of Medicare. …Read More
Your next 401(k) statement may not look much different, but it will contain some very interesting and powerful information. During the last several years, increased focus has been given to the expenses and fees charged to retirement plan participants. The Department of Labor (DOL) recently published regulations under the Employee Retirement Income Security Act of 1974 (ERISA), as amended recently by congress. The new regulations require retirement plan sponsors to disclose the fees associated with your retirement plan including all 401(k) plans.
The retirement savings landscape has changed dramatically over the last 2 decades. In 1983, 88% of workers were …Read More
What do you think of when you read the word “Retirement”? Do you think of long walks on the beach or sitting around the table with your family? Maybe negative thoughts pop into head. Everyone has a different reaction to the thought of retirement. Many are excited about retiring, and can’t wait for the days of no more 9-5. Others can’t imagine what they will do once they retire. A client once told me the word retirement meant death to him, because every man in his family died within 2 years of retiring.
I have worked with numerous clients that …Read More