7 Spring Cleaning Moves for Your Finances

7 Spring Cleaning Moves for Your Finances

Here’s how to get your financial house in order Forget cleaning out the closet, scrubbing the floors and washing the windows. The start of spring is an even better time to get your finances in order. “One thing on many people’s minds is cleaning. But what if you put...
How Long Do Medicare Enrollees Wait to See a Doctor?

How Long Do Medicare Enrollees Wait to See a Doctor?

A third face month-long delays for appointments, but most are happy with their overall care A survey of beneficiaries enrolled in both original Medicare and Medicare Advantage (MA) plans revealed a common problem: More than a third of those polled had to wait a month...

A CHEAT SHEET FOR IRA BENEFICIARY RMDS

By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport   It’s been over four years since the SECURE Act upended the rules for beneficiary IRA required minimum distributions (RMDs), and there’s still plenty of confusion about the new rules. The IRS did give...

YOUR RMD IS NOT ELIGIBLE FOR ROLLOVER

By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport   If you are at retirement age, you might be at a high risk for excess contributions due to rollover mistakes. This is because of the rule that says that the required minimum...

Weekly Market Commentary

-Darren Leavitt, CFA It was an extremely busy week on Wall Street.  First-quarter earnings results were highlighted by Apple and Amazon.  Investors encouraged by their results sent higher shares on the back of increased dividends, increased share buyback programs, and...
What’s Changing for Retirement in 2024?

What’s Changing for Retirement in 2024?

Inflation adjustments and the phase-in of Secure 2.0 provisions have implications for retirement savers and retirees alike. The dawning of 2024 will usher in more changes than usual on the retirement-planning front. As is typical with the turn of the calendar page,...
Does Medigap Plan G Pay Doctor Visits?

Does Medigap Plan G Pay Doctor Visits?

Medicare beneficiaries have lots of options when it comes to Medicare plans. One of the most popular choices is Medigap Plan G. It’s known for its comprehensive coverage and predictable costs. One question we often get asked is, “Does Plan G pay doctor visits?” We’ll...

ONE 60-DAY ROLLOVER PER YEAR?

By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport   SCENARIO: In one calendar year, Jessie completes the following transactions: 1. Takes a partial distribution from her 401(k) and does a 60-day rollover to an IRA. 2. Does a 60-day rollover...

401(K) RMDS IN THE YEAR OF RETIREMENT

By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport   Here’s a question we get asked often: Say you retire in the year you turn age 73 (or in a later year) and you want to roll over your 401(k) funds to an IRA. Do you have to take a required minimum...
Does Medigap Plan N Raise Its Rates Slower than Other Plans

Does Medigap Plan N Raise Its Rates Slower than Other Plans

The rate increases for Medigap (Medicare Supplement) plans, including Plan N, can vary based on several factors and may differ from one plan to another. However, it’s not accurate to categorically state that Medigap Plan N increases its rates slower than other plans...
How to Deal With a Big Tax Bill

How to Deal With a Big Tax Bill

Don’t panic — but do pay the tax tab Bills are a fact of life, though some require more urgent attention than others. Ignore your brother-in-law because you still owe him $50 from last year’s poker game, and you’ll get the cold shoulder. Ignore your debt to Uncle Sam,...

3 QUESTIONS TO ASK TO DETERMINE IF AN HSA IS RIGHT FOR YOU

By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport The cost of healthcare continues to climb. Are you frustrated with higher premiums and out-of-pocket costs? You are not alone. You may be looking for new strategies to handle these...

FUNDAMENTALS OF THE LIFETIME RMD

By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport   We answer some pretty complex IRA and retirement plan questions. Our newsletters and other Slott Report entries can get into the weeds on some tricky topics. The thing is, when you spend all...
Manage your Medicare benefits

Manage your Medicare benefits

You’ll sign up for Part A and Part B through Social Security. Once enrolled, you’ll manage your benefit plans through Medicare. Your Medicare Information Get your Medicare number To find your Medicare number, sign in to your Social Security account and view your...
7 Ways Retirement Will Be Different in 2024

7 Ways Retirement Will Be Different in 2024

How changes in Social Security, Medicare, taxes and more will affect your finances For most people, retirement finance is a delicate balance between income that’s likely less than what you made while working and expenses that may be lower in some areas (no more...