Choosing the right Medicare plan can be difficult. What plan covers the prescription drugs that you need, will original Medicare cover your vision needs? What happens if you need a hearing aid? With open enrollment upon us, it’s time to choose your plan. I’ve broken down some things that you need to know to choose the right Medicare plan for your situation.
One of the advantages of 401(k)s and traditional IRAs is tax deferral. But eventually Uncle Sam will come calling for you. RMDs can be a real hassle and take a significant chunk of your hard earned funds, but there are ways to limit the impact of RMDs without arousing the ire of the IRS.
Downsizing is one of the more common practices of retirees. You’ve invested a lot of time and money into a home for your family, but now that everyone out of the nest downsizing may seem like the smartest choice. But watch out, the pitfalls of downsizing can be perilous if you don’t know what to look for!