Health and Wellness Archives

6 07, 2020

3 Things to Know About Covering Healthcare Costs In Retirement
3 Things to Know About Covering Healthcare Costs In Retirement

3 Things to Know About Covering Healthcare Costs In Retirement

BML Wealth Marketing2023-03-23T21:35:55-07:00July 6, 2020|Financial Planning, Health and Wellness|

Consider that the average 65-year-old couple retiring today will need an estimated $363,946 to cover their healthcare costs in retirement, and this does not include long-term care costs.[1] Many people assume that Medicare will cover all of their healthcare needs, but Medicare is neither free nor comprehensive healthcare coverage. There can potentially be many out-of-pocket healthcare expenses in retirement, and a comprehensive retirement plan factors them in. No matter what your health is like now, know these 3 things about covering healthcare costs in retirement. The Cost of Medicare Once Americans turn 65, they might [...]

A Guide to the CARES Act for Americans Age 50 and Over

BML Wealth Marketing2020-05-31T23:45:12-07:00April 19, 2020|Financial Planning, Government, Health and Wellness|

President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law to help Americans combat the economic effects of the coronavirus. It includes potential tax breaks, checks for qualifying Americans, and temporary new rules for retirement account withdrawals. Here’s a guide to the CARES Act for Americans 50 and over. Checks for Qualifying Americans Whether you receive a check depends on your adjusted gross income (AGI). If you have filed your 2019 taxes, it will be based on that, and if not, it will be based on your 2018 tax return. Individuals [...]

The Power of Nostalgia

BML Wealth Marketing2020-03-04T15:22:07-08:00January 21, 2020|Health and Wellness|

You might think that the more recent an event, the easier it would be to remember it. And you might think that things that happened to you a long time ago would be harder to recall, but the human brain and memory are actually more complex. There is what psychologists call a “reminiscence bump,” which is the tendency for older adults to more easily recall events from their adolescence and early adulthood. It turns out that in studies where people are asked to produce memories, a disproportionate amount tend to be from this time in [...]