At the most basic level, business transition planning is a strategy that can be put into play when a business is sold or changes hands. For company owners nearing retirement, a successful transition plan can play an important part in creating and preserving the value of the business after it has changed hands.
Atlanta Financial Blog
Navigating Health Insurance After Retirement
For retirees of all ages, adequate health insurance continues to be a chief concern.
Healthcare coverage has become an annual decision and, for most, there is a single enrollment period, generally in the fall/winter. Typically, only those with a “qualifying event” (divorce, death, etc.) are allowed to secure coverage outside the annual enrollment period.
Those who retire before they turn 65 are particularly vulnerable to being caught in a healthcare coverage no man’s land. If you are in this category, you will need to secure coverage on your own because you won’t be eligible for Medicare. Without coverage, not only will you be personally liable for the cost of healthcare, you may have to pay a penalty for not having coverage as well.
Even before you turn 65, you will need to understand what Medicare covers – and what remains your responsibility. It is wise to consider the interplay between Medicare Parts A and B and to potentially opt for a privately held Medigap policy to cover expenses not reimbursed by Medicare.
If you have a pre-existing condition, The Affordable Care Act ensures that you can obtain coverage from health insurance carriers participating in the exchanges. However, as changes to The Affordable Care Act are contemplated by Congress, this may change.
Because there are so many options to consider, we recommend you meet with an experienced health insurance consultant who can assess your situation and suggest the options that might best meet your needs.
The travel industry has begun to see growing demand as we move closer to summer. However, not all travel will be the same, as much of the demand is directly related to the COVID-19 vaccine and reduced CDC restrictions. Instead, industry trends have emerged based on individual comfort levels as they apply to different modes of travel.
Below we will explore some of the factors that have contributed to an increase in travel and how different industries are responding to it.
Following a year of economic instability, it appears that many of us are turning our attention to something that’s been around for decades, but has recently piqued national interest – inflation. In fact, a recent study found that people are Googling the word “inflation” at a rapid rate, with a peak not seen since 2010…
As mothers, sisters and daughters, women are often counted on to be caregivers for family members in need. Whether it’s something as small as a cold or as debilitating as a terminal illness, women are typically the ones to care for and help out when a loved one is sick. But what happens when the caregiver is in need of her own care? Too many women are stuck facing this dilemma head on, instead of preparing for it while there’s still plenty of options, resources and time ahead. Below are a few reasons why it’s so important for women to plan for their own long-term care strategies now.