Medicare

American seniors lose much of their income to medical expenses. A new law aims to change that.

Corey Metzman, co-founder and chief operating officer at Medicare advisory company Chapter, explains the basics of Medicare.

Real interest rates, which protect from inflation, have fallen in recent years, making it more expensive to finance future spending, Allison Schrager writes.

From COBRA premiums to long-term care, there are surprising uses for funds in these tax-advantaged accounts.

Both have their allure, but astute advisors can sort out the best choice between low-cost and premium versions.

One problem is the proposal is focusing on the minor advantage of tax-deferred retirement plans, says Bloomberg columnist Aaron Brown.

The new relief plan has something for many taxpayers, including retirees and the recently unemployed.

Those who feel they have inadequate savings may consider going back to work after the pandemic, even if it's on a part-time basis, according to an expert.

There's a great deal of help for businesses in the CARES Act and the FFCRA.

“[By extending the tax deadline], they automatically extended the deadline to make an IRA contribution last year,” an expert says.

Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.

Older clients who have lost a job prior to retirement are advised to first consider filing for unemployment insurance and begin making revisions to their budget.

“The advice I give is to calculate the financial impact for each option,” an expert says.

Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.

Seniors may consider working longer or relocating somewhere where their benefits are not subject to state taxes.

While retirement readiness among Americans has improved in general, Gen Xers are struggling with housing, college and medical costs, a survey finds.

Salary increases can make long-term planning more complicated if investors boost their lifestyle instead of their savings, an expert warns.

“The advice I give is to calculate the financial impact for each option,” an expert says.

Along with other decisions, dating the amount of money they need to withdraw would help them in retirement planning and spending.

Ill-prepared investors are advised to vigorously plan their expenses and aggressively save in their 401(k)s and IRAs.