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Stay Informed: The Medicare Knowledge That Could Save You from Financial Advisor Oversights

Monday, March 04, 2024

Confusion to Clarity Video Blog/Stay Informed: The Medicare Knowledge That Could Save You from Financial Advisor Oversights

Stay Informed: The Medicare Knowledge That Could Save You from Financial Advisor Oversights

Financial Advisors specialize in accumulating assets. Then during retirement, preserving those assets becomes more important. It's necessary to understand how financial decisions can impact your Medicare costs. By adding a Medicare insurance planner to your financial team you can make more informed, holistic decisions.

The Overlooked Aspect of Retirement Planning

Despite the best efforts of financial advisors to grow your assets, a critical piece of the retirement puzzle often remains overlooked: comprehensive knowledge of Medicare. Even the best estate planners and retirement advisors don't really know that much about Medicare. This gap in understanding can significantly impact your finances during retirement.

The Impact of Financial Decisions on Medicare Costs

Your financial decisions today have a direct impact on your Medicare costs tomorrow. For instance, cashing out stocks or converting IRAs to Roth accounts can increase your Medicare Part B costs due to the Income-Related Monthly Adjustment Amount (IRMAA). Anytime you cash stocks out, or you cash out any kind of mutual funds or investments, it counts as income, affecting your Medicare Part B costs.

Choosing the Right Medicare Insurance Plan

Making the right choice between Medicare Supplement and Medicare Advantage plans can also have an effect on your retirement lifestyle and expenses. Additionally, considering dental coverage and potential long-term care needs is necessary. As we get older, everybody needs more care and if you don't have that right plan in place, it really will take a huge cut out of your retirement assets.

How I Can Help

I offer free consultations to help you navigate these types of decisions. My expertise in Medicare and long-term care planning will help provide you with peace of mind and clarity, ensuring that your retirement planning is as comprehensive and effective as possible.

Medicare planning should go hand in hand with financial and retirement planning. It’s not just about securing your health, it’s also about ensuring your wealth and peace of mind in retirement. By understanding the impact of your financial decisions on Medicare costs and choosing the right plans, you can protect your retirement savings and enjoy your retirement with the comfort and security you deserve. If you're looking for guidance and a trustworthy advisor to guide you through this process, I'm here to assist.

Remember, it's not just about planning for tomorrow; it's about enjoying today with the assurance that you're prepared for whatever comes your way.

Click Here  to book a FREE consultation with me.

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Stephanie Pogue

Certified Medicare Insurance Planner

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Required Government disclosure: We do not offer every plan available in your area. Currently we represent over 12 organizations in over 8 states which offer over 90 products depending on your area. Please contact, 1–800–MEDICARE, or your local State Health Insurance Program to get information on all of your options.