Hi Jan,
Episode 220 of our Retire With Style podcast is out now!
This week on Retire With Style, Alex and I continue our discussion on Medicare. This time focusing on what the enrollment process actually looks like and where people can run into trouble.
One of the biggest misconceptions we see is assuming that Medicare enrollment happens automatically. That’s only true in certain cases. If you delay Social Security, you’ll need to take action yourself, and missing that step can create real risks.
We also walk through how Medicare works alongside other forms of insurance. At age 65, Medicare generally becomes your primary coverage. If you don’t enroll when expected, other coverage you may be relying on might not pay in the way you assume.
From a planning perspective, we discuss how healthcare costs fit into a retirement plan, including recent estimates suggesting a typical couple may need hundreds of thousands of dollars to cover medical expenses throughout retirement.
We also touch on how different Medicare choices like Medigap or Medicare Advantage, tie back to your personal preferences around risk, predictability, and flexibility.
If you’re approaching age 65, or even a few years away, this is an important conversation to understand now rather than later. Listen now to learn more!
| | | | The Retire With Style Podcast Has a New Home! | | | | We’re excited to share that all podcast episodes- past and present- are now available on our new site: RetireWithStyle.com. It’s your one-stop shop for catching up on episodes, watching video versions, and even submitting your own retirement questions for future shows.
You can also watch and subscribe to new video episodes on our YouTube channel, with fresh content every Wednesday.
Prefer to listen on your favorite podcast app? We’ve got you covered. You can still find Retire With Style on Apple Podcasts, Spotify, Podbean, Amazon Music, Audible, iHeart, TuneIn, and now YouTube Music.
| | | | Take a look around the new site and let us know what you think. Feel free to share with friends, and to reply here with any comments.
Thank you,
Wade Pfau, PhD, CFA, RICP
Founder of Retirement Researcher
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