April 2014

29 Apr

How and When to Sign Up for Medicare

Breaking down the enrollment periods and eligibility

Medicare enrollment is automatic for some. For those receiving Social Security benefits, the coverage starts on the first day of the month you turn 65. Your enrollment is also automatic when you are under 65, disabled and receiving benefits from Social Security for 24 months. The exception to this would be for people with amyotrophic lateral sclerosis (ALS, perhaps better known as Lou Gehrig's disease) for whom Part A and Part B begin the month disability benefits begin. Part A is hospital insurance; Part B is medical insurance.1

29 Apr

The Retirement We Imagine, the Retirement We Live

Examining the potential differences between assumption and reality

Financially, how might retirement differ from your expectations? To some degree, it will. Just as few weather casters can accurately predict a month's worth of temperatures and storms, few retirees find their financial futures playing out as precisely as they assumed.

As you approach or enter retirement, you may find that your spending and your exit from your career don't quite match your expectations. You may be surprised by these developments, even pleasantly surprised by some of them.

29 Apr

Tax Scams and Schemes

The "dirty dozen" that criminals and cheats try to get away with year-round

Year after year, criminals try to scam certain taxpayers. Year after year, certain taxpayers resort to schemes in an effort to put one over on the IRS. These cons occur year-round, not just during tax season. In response to their frequency, the IRS has listed the 12 biggest offenses—scams that you should recognize and schemes that warrant penalties and/or punishment.

10 Apr

Start Investing Early

When it comes to building a solid financial future, get started early! Many people don't realize the importance of compounding interest or the need to start investing at a young age, so they miss out on opportunities to grow their wealth. Plan ahead—even if your retirement seems a lifetime away. If you're further along in life, you may want to consider opening an account for your kids or grandkids and making regular contributions in their name.

03 Apr

Charting Your Retirement Course

Thank you! Thanks for downloading Charting Your Retirement Course. After reading our ebook, you may have questions about planning for retirement. Parkshore Wealth Management can help you get the answers you need. As independent, fee-only financial advisors, we can work with you to simplify...