More than 10,000 Baby Boomers turn 65 every day and they need to learn how to navigate a new system: Medicare. Even the first step – signing up – can be tricky. If you don’t know what you’re doing, you could be hit with a penalty, pay more than you need to, or end up with big gaps in coverage. Here are some key questions and answers for you when it’s time to sign up for Medicare. Will I be enrolled in Medicare automatically when I turn 65? If you’re already receiving early Social Security benefits, then you’re automatically …
Make the Most of Special Financial Benefits for Military Families
Members of the military and their families have special financial challenges because they tend to move frequently and may be deployed to dangerous locations on short notice. But military families also have access to some financial benefits that aren’t available to civilians. Here’s how to make the most of these valuable opportunities to improve your personal finances – and how to navigate some important new rules. –Low-fee savings opportunities for military families. If you stay in the military for 20 years, you can receive a valuable pension – starting at 40% to 50% of your base pay for your …