The Complete Cardinal Guide
TO PLANNING FOR AND LIVING IN
RETIREMENT
WE HELP YOU EMBRACE THE 7 WORRIES IN RETIREMENT
Medicare Advantage Open Enrollment Period: Can I still change my Medicare coverage?
Every fall, the Medicare Annual Enrollment Period allows seniors to prepare their Medicare coverage for the upcoming year. This is the Medicare enrollment period most beneficiaries are familiar with, as every aspect of Medicare coverage can be adjusted. There is...
Social Security Cost Of Living Adjustment (COLA) 2021: What it means for you
In January 2021, Americans will see an increase in their Social Security benefits. Most years, Social Security beneficiaries receive what is called a COLA, or a cost of living adjustment. How much is the increase and why is important? Read on to find out! What was...
How Required Minimum Distributions Increase your Taxes in Retirement
In retirement, you are on a limited budget. You are living off your life savings and your Social Security check. Any unexplained increase in your tax bill could dramatically affect your finances and cause you to outlive your money. RMDs, or required minimum...
When to transition from term life insurance to whole life insurance in retirement
In retirement, you are transitioning to a new phase of life. Your need for life insurance will be transitioning as well as you go from the working and family rearing years to the empty nest years. You need life insurance no matter what phase you are in, even if it is...
3 types of annuities that can keep your money safe in retirement
In retirement, you are moving from the accumulation years to the spending years. You’ve put money away your entire working life for retirement and now you need a plan for how to make this money an income. Annuities are one place to put your money in retirement. Not...
Donating to charities and over age 70 ½ ? Do it in a tax efficient way!
Many people, especially in retirement, choose to give some of their savings to charities that are close to their hearts.Whether that is weekly tithings to the church, monthly recurring donations to your alma mater, or holiday giving at the end of the year, if you are...
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...
