Archive - 2020

1
Is COVID-19 affecting your Retirement Planning? Here’s what you should do.
2
Gray Divorce Doesn’t Have to Be a Shadow Over Your Golden Years
3
How to Avoid Being Swindled By Elder Fraud
4
Up to 41% of “miscellaneous” denied Social Security benefits not being reviewed
5
Medicare Open Enrollment Begins October 15

Is COVID-19 affecting your Retirement Planning? Here’s what you should do.

The post Is COVID-19 affecting your Retirement Planning? Here’s what you should do. appeared first on Yardley Wealth Management, LLC.

Is COVID-19 affecting your Retirement Planning? Here’s what you should do.

Retirement Planning      Financial Planning     Risk

https://money.usnews.com/money/retirement/iras/articles/retirement-planning-mistakes-to-avoid-during-coronavirus

This year has been a real eye-opener for many pre-retirees and retirees. Over their lifetimes, most people have heard warnings and advice from retirement advisors about various aspects of their plans. The warnings are typically based on a combination of data and anecdotes and often didn’t hit home or inspire urgency. But the COVID-19 pandemic compressed many events into a short period

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Gray Divorce Doesn’t Have to Be a Shadow Over Your Golden Years

Divorcing at any age is not easy, even when the split is amicable. For people who are nearing or already in retirement, there are special considerations for “Gray Divorce”. Or, if you want a term with more bling try “Silver Splitters” or “Diamond Divorcees”. 

But often bling or lack thereof is an issue for people who end marriages later in life. People who divorce later in life have fewer working years left to recover from the financial losses of divorce. These losses include the legal costs involved in getting the divorce and for many, the subsequent loss of …

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How to Avoid Being Swindled By Elder Fraud

This past year, one of our clients called us with a request for a large withdrawal. While we aid our clients with large withdrawals all the time, this time our client was both upset and being cagey about the purpose of the withdrawal.

There were enough red flags that I was worried there may be something deeper going on. We were on the phone for a while, and I tried to unearth what was going on. Ultimately, I had to start making guesses before the client was willing to confide in me.

Our client was called by someone claiming to …

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Up to 41% of “miscellaneous” denied Social Security benefits not being reviewed

Many, if not most, applications for Social Security benefits are approved without any issues. But often, an application is denied, for legitimate reasons. Maybe you don’t have the requisite number of credits on your account for benefits, or something similar. But also, many times, benefits are denied without a specified reason. When this happens, the Social Security Administration staffer working on the case will apply a code of “miscellaneous suspense” to the record.

The suspension of benefits can happen either at the point of initial application, or upon a review of the record at some point. For the latter, the …

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Medicare Open Enrollment Begins October 15

What is the Medicare Open Enrollment Period?

The Medicare Open Enrollment Period is the time during which Medicare beneficiaries can make new choices and pick plans that work best for them. Each year, Medicare plan costs and coverage typically change. In addition, your health-care needs may have changed over the past year. The open enrollment period is your opportunity to switch Medicare health and prescription drug plans to better suit your needs.

When does the Medicare Open Enrollment Period start?

The annual Medicare Open Enrollment Period begins on October 15 and runs through December 7. Any changes made during open enrollment …

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