I know, I know - Medicare is not a very sexy topic in life. But, what if I told you there was an opportunity to save thousands of dollars in the future by PAYING attention to Medicare right now?
By the way - did you know medical coverage in retirement is the largest expense you will all face later in life?
And, since I haven’t covered this topic at all on the show, I knew now was the perfect time. I also knew I wanted to bring the best of the best on when it comes to experts in this arena, so I was able to get Danielle Roberts to come on the show.
Danielle is the go-to expert for all things Medicare for the publications like Forbes, the Huffington Post and Readers Digest. She is also co-founder of the uber popular blog and website Boomer Benefits.
But first….
IMPORTANT: This episode is NOT just for those getting ready to hit retirement. There are few things Danielle will share that will save those who are years away from retirement thousands upon thousands of dollars. If you’re like me (35 years old) and you take advantage of what Danielle is talking about in terms of saving money in your later years by starting now, your older self will thank you!
Here’s what you can expect from today’s show:
• How did Medicare first get started?
• How does Medicare Part A work?
• What you need to know about Medicare Part B
• Why Danielle loves Medicare Part C the most
• Medicare Part D: A tip to ask your doctor to save you thousands
• How to use your Health Savings Account with Medicare
• The average amount a couple pays for medical in retirement
• What resources do baby boomers have available right now
And of course, if you know anyone who already 65 or getting close to it, PLEASE do them a favor and share this episode with them. They will be so glad you did.
All the show notes, links and anything Danielle and I mentioned can be found at https://www.moneypeach.com/session123
Well, are you about to freak out yet?
Why?
Because we are about a week away from Christmas and the spending is in full force right about now. In fact, did you know the average American family will spend over $845 in 2018 and closer to $1,000 in 2019?!
I am not saying you shouldn’t spend that much this Christmas. I say if you have the money and want to spend it - by all means, go right ahead!
But what if you don’t have the money? What if the holiday season sneaks up on you and the only option is to put it all on a credit card? If you remember from last year, this means you’ll be making credit card payments for Christmas in July.
The Solution: This week I am sharing with you our little SAVINGS HACK for the big expenses in life. Christmas, vacations, emergencies, new cars or any other big expense you can anticipate.
If you start what we are talking about this month, you’re going to really enjoy spending money this time next year because you’ll have the money set aside.
And when the vacation comes up you want to go on, you’ll have the money set aside.
Or when the hot water heater goes out, you’ll have the money set aside.
Whatever large expenses you have, you’ll have the money set aside.
Mentioned in the show:
Best Online Banks:
CIT Savings Builder - 2.55% APY when you save $100/month OR have a balance of $25,000
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CIT High Yield Savings - 1.55% APY when you open an account with $100 minimum balance
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**The links above are affiliate links. This means Money Peach is a partner with CIT Bank and they can send a commission for using one of the above links. It doesn’t cost anything more or less for you but allows Money Peach to fund this podcast. Thank-you for your support!
All the show notes, links and anything else I mentioned can be found at https://www.moneypeach.com/session122