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Luke Nicholson is an assistant professor of accounting at the Plaster College of Business and Entrepreneurship at Lindenwood University in Saint Charles, Missouri. He holds a Doctor of Business Administration with a concentration in accounting, an MBA, and a BS in accounting with a minor in Business. Dr. Nicholson has 10 years of experience in accounting. Prior to his academic career, he worked in public accounting conducting audits and completing tax returns for companies across various industries. He served as an assistant CFO in his previous accounting job.

As major insurers reduce Medicare Advantage benefits and exit markets, retirees face higher costs and limited options. Advisors need to understand the implications for retirement planning.

In an increasingly choppy sector, experts say investing with caution and an eye on diversification is key.