Understanding Social Security and Medicare

Courses offered through Portland Community College and Clackamas Community College
Instructor contact Information
Roger@theguidancegroup.com
 

Making The Money Last As Long As You Do

  • Understanding Your Sources of Income
  • Retirement Projections
    • Budget
    • Current Situation
    • Finding Sustainable Level
  • Protecting Your Nest Egg
    • What Insurance Is Necessary And What Is Not
    • Understanding Medicare
      • HMOs and Medicare Supplements
    • Long Term Care
       

7 Reasons Retirement Is Not a "Life Long" Vacation

  1. PROCRASTINATION
  2. Failure to plan for the effects of INFLATION
  3. Failure to prepare a "REALITY BUDGET"
  4. Retiring on "HEARSAY ADVICE"
  5. POOR TAX PLANNING
  6. CATASTROPHIC MEDICAL BILLS
  7. LIVING LONGER THAN ANTICIPATED
     

COMMON SOCIAL SECURITY CONCERNS

  • Taxability of Benefits
  • Earned Income Limitation
  • Spousal Benefits
  • Divorced Spouse
  • Cost of Living Adjustments
  • Maximum Income Sustainable

Medicare

  • Coordination of Benefits
    • Who pays first
  • Hospital and Medical Insurance Protection
  • Medigap Plans
     

Long Term Care

  • Insurance Premiums
  • Average Cost Private Nursing Home
  • Who Pays for Long Term Care
  • Ways to Fund Long Term Care


Levels of Long Term Care

  • In Home Assistance
  • Custodial Care
  • Skilled Nursing Care