Retirement readiness

Shock and awe: When actual retirement health care costs soar beyond what a client had anticipated for their later years.

Present information in manageable doses and start with demystifying the three most common costs for retirees on standard Medicare insurance.

Clients who borrow from their company retirement plans can often get a good rate with no hassle. But if they miss payments, they might face nasty tax charges.

Failed marriages for aging baby boomers has doubled, forcing them to work longer and impacting financial planning, sometimes in the wrong way.

Seniors are advised to get health insurance to complement their Medicare coverage and hire a health care advocate and billing specialist.

Retirement investors who need to decide whether to sell depreciated stocks or ride out a declining market should make a decision based on their investing goals, says strategist.

Seniors may delay the benefit for increased payout in the future if they have other income sources, they are healthy, or interest rates are high.

While the fiduciary rule was cited as a positive, problems mentioned by Bogle included the incentive for companies to be “very stingy” with pension contributions since they come out of earnings.

Their hospital bills will not be covered if they were not formally admitted into the hospital for three consecutive days and were put under observation status.