The Complete Cardinal Guide
TO PLANNING FOR AND LIVING IN
RETIREMENT
WE HELP YOU EMBRACE THE 7 WORRIES IN RETIREMENT
What does the U.S. Department of Treasury’s 2020 report mean for your long term care?
In August 2020, the U.S. Department of the Treasury released the report of the Federal Interagency Task Force on Long-Term Care Insurance. This is a fancy way to say that the federal government gathered a bunch of different people to put out a report with...
Medicare Annual Enrollment is ending, what does that mean for you?
Medicare Annual Open Enrollment (AEP) happens in the fall of every year. It is the time of year Medicare beneficiaries can elect the coverage they want for the upcoming year. Medicare Annual Enrollment ends on December 7th. What do you need to make sure you've done...
What Does the Social Security Full Retirement Age Mean?
Social Security makes up a huge portion of most retirees income. Taking your check at the right time can mean the difference between tens of thousands of dollars during your lifetime in benefits. If you want to get Social Security timing right, the first thing you...
How Every State Taxes Differently in Retirement
Taxes change in retirement. While this is normally due to how you are receiving your income (i.e. Social Security, IRA distributions, etc.), it can also be due to your state's taxes, which can significantly affect how long your savings last. Cardinal works in all 50...
The 4 Essential Estate Planning Documents
There are 4 documents that are essential in making sure what you want to happen happens when you age and when you pass. These documents are important to have done while you are alive and in a good mental state, so you can lay out exactly what you want and who you...
Life Insurance, Lifetime Long Term Care coverage, and Guaranteed Premiums: An example of a Hybrid Long Term Care Policy
Many retirees come to us wanting to know how they can better use the money they have in retirement. They are also highly aware of the risk of outliving their money. Usually, the one event that is going to send their budget sideways is the cost of long term care. For...
What is qualified money and non-qualified money?
When looking at finances or retirement planning, it is almost impossible to not come across the terms “qualified” and “nonqualified”. Many times, we have clients asking us what these terms mean and how they apply to their money. Most everyone has qualified and...
When does Medicare cover Long term care?
Many Medicare beneficiaries only plan for paying for long term care is Medicare. They are shocked when they find out Medicare does not cover long term care. Of course, Medicare does cover medical services in long term care settings, such as doctors visits and such,...
Medicare Annual Open Enrollment 2020: Everything you need to know
On October 15th, the Medicare Annual Enrollment Period (AEP), sometimes referred to as Medicare Open Enrollment, starts. This is the time to make sure you have the best Medicare coverage for the upcoming year. Medicare beneficiaries have 54 days, until December 7th,...
Do I have to start my Social Security if I start my Medicare?
Medicare and Social Security are linked. Many beneficiaries do not find this out until they go to sign up for Medicare. It is important to plan how you want to approach your Medicare and Social Security sign up dates - once you make a decision, you really can’t take...
