Retirement
Recent articles, advice, and money-saving strategies
Taxes For Seniors – 5 Things You Must Know
Whether you’re retired or still working, here are 5 must know tips for seniors about taxes. Over 65, and You Get a New Tax Form Traditional tax forms use tiny print that’s a strain on the eyes. Fortunately, people over 65 can take advantage of a new tax filing form that’s much easier to read.…
Celebrate American Adventures Month
How do you define “adventure”? Many people think adventures must be heart-pounding extreme experiences, like skiing, skydiving, or rock climbing. But at United Medicare Advisors, we think that “adventure” can be anything out of your ordinary day-to-day life. Trying a new cuisine is an adventure. Visiting a new park is an adventure. Even taking the…
5 Fundamentals for Retirement Readiness
Aegon and the Transamerica Institute® sponsored a survey that aims to understand how people are preparing for retirement, especially after the COVID-19 pandemic altered so many peoples’ plans. As part of their report, they shared what they call the 5 Fundamentals of Retirement Readiness. These five tips provide a solid foundation for retirement planning, and…
Medicare Supplement Plans 2022
Medicare Supplement Insurance plans: what’s available in 2022? The world of Medicare Supplement Insurance can be intimidating. But it’s helpful to know there is no shortage of options for consumers who want extra help covering the gaps of Original Medicare. Here, we break down each of the Medicare Supplement Insurance plan types along with updates…
Valentine’s Day Ideas for Retirees
You might think that Valentine’s Day is reserved for couples and kids, but you’d be wrong! There are plenty of things you can do to celebrate (or avoid) the day. Retirees, especially, have extra time to do as they please. Spread the love to your partner, friends, family, or simply yourself! About Valentine’s Day Saint…
Traveling with Medicare: Check your coverage
January 25 is National Plan Your Vacation Day! It’s important for anyone with Medicare to be familiar with their coverage before booking their next trip. There are certain factors that can affect whether or not you’ll have Medicare insurance coverage while away from home, including: What kind of plan you have Where you’re going What…
Set Up For Success: Make Your Space Match Your Lifestyle
Many people spend years working hard and planning for their ideal retirement activities, whether it’ll include traveling, gardening, reading books, knitting, socializing, exercising, or something else. While most people plan for the financial elements of post-retirement life, they often overlook the psychological elements. A sudden change in a long-followed routine can be overwhelming for many…
Healthy Tips for the New Year
As the holidays wind down, people start considering their New Year’s resolutions. But rather than setting big goals, a smaller step-by-step approach is a much better way to approach your New Year’s resolutions. As you approach the age of retirement, you can really explore new (and old) goals for yourself. Resolutions to keep calm, commit…
Retirement Statistics 2022
In 2022, Social Security benefits see an increase of 5.9% (the largest since 1983) thanks to the cost of living adjustment, or COLA. 25% of Americans increased their financial savings as a result of the COVID-19 pandemic. The average retirement age in the U.S. is 66.85. The retirement age is lowest in Alaska and West…
Holiday gift ideas for grandchildren
Are you retired and living on a fixed budget? The holidays can stretch finances to the max. While you may feel tempted to overspend on that bright shiny toy for your grandchild, there are plenty of budget-friendly holiday gifts you can give to ensure you don’t go in the red (unless you’re actually wearing red).…
31 Holiday activities for the whole family
It’s that time of year again! As the weather gets colder, TV commercials start advertising the same thing: Holiday Season! Many people are lucky to have extra family time in November and December. Looking for some inexpensive holiday activities for the whole family? Here are some ideas! Pass down family recipes Build your own decorations…
21 things to do when you retire
Considering retirement? Congratulations! There are endless ways you can spend your golden years. As you begin to make your plans, be sure your budget accounts for all those surprise costs when the unexpected happens. Or, if you’d rather opt out of surprises when it comes to your health care expenses, consider purchasing a Medicare Supplement…
Are Medicare Supplement Plans Worth It?
Determining the value of Medicare Supplement plans According to research published by the National Institites of Heakth about 25% of people who have traditional Medicare also have Medicare Supplement Insurance in addition. Medicare Supplement Insurance plans can offer financial stability and security because they decrease your unexpected out-of-pocket costs. By understanding what these plans cover…
Medicare Supplement Costs
Comparing the costs of Medicare Supplement plans Medicare Supplement Insurance, or Medigap, helps reduce some of the costs and expenses of healthcare that would other-wise be paid out-of-pocket (like coinsurance, copayments, and deductibles). Before you decide if a Medicare Supplement Insurance plan is right for you, you should understand what they cost and what they…
Do I Have to Sign Up for Medicare If I have Private Insurance?
Are you of Medicare age, but not ready to retire from your career? This is a common scenario for many people who are aging into Medicare. While most people should enroll in Medicare Part A (Hospital Insurance) when they’re first eligible, you may be able to delay Part B (Medical Insurance) until you stop working…
What to expect to pay for healthcare in retirement
Medicare covers about two-thirds of your healthcare costs, however the program is not free for its more than 60 million beneficiaries. To cover premiums and out-of-pocket prescription drug costs after age 65, experts estimate men will spend $130,000 and women should plan to spend $146,000. By understanding this, you can better plan for your healthcare…
Seniors & student loan debt: A growing crisis
As you head into retirement, you may be considering beach vacations and days spent doing what you love. But many seniors have another reality: heaps of student debt. Over the last 10 years, the number of seniors with outstanding student loans has quadrupled — from 700,000 in 2005 to 2.8 million in 2015. In 2015,…
Understanding IRA minimum withdrawal rules
Did you know: Once you turn 70 ½, you are required to make your first minimum withdraw from your traditional IRA. Even if you don’t need your savings for living expenses, you are still required by law to start taking out required minimum distributions (RMDs) by the following April 1 after you turn 70 ½.…
Surprising senior travel discounts
If you worked with a UMA agent to save money on your Medigap plan, you might be planning a vacation with that extra cash. But did you know that you may be missing out on a variety of additional senior travel deals? Our team is dedicated to saving you money — and not just on…
5 common estate planning mistakes
Whether or not you’ve taken the time to plan your estate, you still have one. An estate is everything you own, including your car, home, life insurance, furniture, and investments. What is estate planning? Estate planning involves deciding what will happen to your estate when you pass away: who receives what and when they receive…
Top 3 financial challenges facing seniors
Retirement should be a time of comfort and relaxation — and maybe one or two tropical vacations. But many retiring seniors find themselves in a place of fiscal hardship, either due to poor financial planning or rising federal costs, that cause unwanted stress and difficulties. “Millions of Americans retire every year without first seeking financial…
Top travel tips for seniors
Whether it’s a bucket-list trip to visit the Eiffel Tower or a cross-country road trip to see family, seniors are traveling more than any generation before them. But unfortunately, like many others across the nation—51 percent of seniors find booking travel to be difficult and oftentimes overwhelming. Below are our top tips to make reserving…
Medicare while working past age 65
Enrolling in Medicare is an important milestone in your life. To gain the maximum benefits from your health care, however, you have to sign up at the right time. If you’re considering getting Medicare before you stop working, make sure you understand the impact this decision could have on your health care options as well…
