What Is A Qualified Retirement Plan? As you begin researching more about retirement, you may stumble across the words: "qualified", and "non-qualified", and wonder if the difference between the two terms is important. The simple answer is - Yes! and it determines if you'll be taxed on your retirement income by the IRS or not. So what is the difference between qualified and … [Read more...] about What Is A Qualified Retirement Plan?
Retirement
What Is A Medigap Policy?
Medicare Part A and B only cover so much of a person's medical expenses. Sometimes there are additional out-of-pocket costs that can be sizable for someone living on a fixed income. A Medigap policy is a Medicare supplement insurance. These policies are sold by private companies, and pay for medical expenses not covered by Medicare, which are: Deductibles … [Read more...] about What Is A Medigap Policy?
What Is Medicare?
If you're getting ready to bring your working or professional career to an end, you may be wondering what benefits will be available to you once you decide to make the leap into retirement. One of those benefits is Medicare. Medicare is a federal health insurance program in the United States. It provides health insurance for Americans who are 65 years of age or older. The … [Read more...] about What Is Medicare?
How To Keep FEHB When You Retire
If you are a federal employee who is about to retire, you may have heard that you'll no longer be able to receive your Federal Employee Health Benefits (FEHB) once you make the transition. However, in certain situations, you are actually allowed to keep those benefits through your retirement. In this article, we'll let you know how. How To Keep FEHB When You Retire In … [Read more...] about How To Keep FEHB When You Retire
If An Employer Does Not Offer A Retirement Plan, What is Another Way To Save?
Saving for retirement as soon as you start working will certainly help you to secure a more solid financial future. Usually larger companies make this easy for their workers by setting up a 401(k) or similar plan to help them effortlessly grow their retirement savings (and sometimes those employers will even match contributions up to a certain amount). However, according to … [Read more...] about If An Employer Does Not Offer A Retirement Plan, What is Another Way To Save?