Tag: retirement
Mistakes made during initial Medicare enrollment can be costly. Someone with on-the-job health care coverage who enrolls at age 65 may be paying Medicare premiums unnecessarily. Even worse, retirees who sign up too late incur a penalty for life. “If you’re actively working, that’s the only reason you can enroll late in Medicare” without paying…
Baby boomers face a Catch-22. Many boomers will have to stay employed longer than they’d hoped to close the gap between what they’ll need in retirement and what they can realistically afford. Yet the job market is tough for job-hunting older workers, and if they are employed, wages stagnate or decline when people get into…
