Wednesday, January 21, 2015

Protect Yourself From Medicare Fraud

For those of you who are age 65 or over, you have probably signed up for Medicare and are now enjoying the benefits of this healthcare program.  Now that you are on Medicare, you want to make sure that someone else doesn't enjoy your Medicare benefits, too ... and leave you with unpaid bills and co-pays that could damage your credit until you are able to go through the complicated process of proving that you did not incur these expenses.

These are the type of retirement problems that I never thought about before I retired and they are certainly the type of problems you don't want to bring on yourself.  Fortunately, there are some steps you can take to protect yourself from Medicare fraud.

How to Prevent Medicare Fraud

*  First, it is important that you and your retired relatives know that Medicare will NEVER call you and ask you for your Medicare number or any other personal information.  They will not try to sell you products such as insurance or supplemental drug plans.  Consequently, there is no reason to ever give your number out over the phone to a stranger who calls you.

*  In addition, there is no reason to carry your Medicare card around with you, unless you are going to visit a doctor, hospital, clinic or pharmacy.  Once you have given this information to your regular healthcare providers, you will not usually have to keep showing them your card.  Furthermore, if you get a Medicare Advantage plan, they will provide you with a separate card that has your plan's member number ... which will be different than your Medicare number.  Of course, you'll want to protect your Medicare Advantage number or your Medigap policy number, as well, so that information cannot be stolen and misused.

*  Keep track of your doctor visits, tests, surgeries and any other medical procedures.  Write them down in a calendar or journal.  When you receive your Medicare Summary Notice (MSN) and your Part D Explanation of Benefits (EOB), compare them to your personal records.  Make sure there are no mystery charges on them.  If there are, call your physician and see if they have an explanation for the charges.  For example, they may have sent a test to an outside lab or another physician for a second opinion.

*  If there are unexpected charges on your bill and no one knows why, report the charges to the Senior Medicare Patrol for your state. They will investigate the fraudulent charges.

You can get more information about preventing Medicare Fraud at:

http://www.smpresource.org (Website for the Senior Medicare Patrol)
http://stopmedicarefraud.gov

If you are preparing for retirement, use the tabs at the top of this article for links to hundreds of additional articles on a variety of helpful topics.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  wikipedia.com/commons


Tuesday, January 13, 2015

How to Have a Happy Marriage After Retirement

Causes of Gray Divorce

Divorce after the age of 50, also know as gray divorce, is becoming more common ... sometimes because of the stress placed on a relationship by retirement.  A marriage that was difficult when one or both spouses were working can become unbearable when two people find themselves together most of the day.

Even if they don't divorce, many people who thought their spouse was simply a little annoying before they retired now find themselves living in misery afterwards.  As a woman in her 60's, I have several married women friends who dread having their husbands retire.  They feel they will never have time to themselves again and that everything they do will be constantly critiqued and criticized ... especially if their husband starts telling them how to run the house. I have known men who suddenly began to "instruct" their wife on the right way to load the dishwasher, vacuum the carpet, or do the laundry.  Whether this is true in your relationship or not, just the fear of it often puts the wives on edge, making them irritable and unhappy about the prospect of retirement.

Another problem that can come up is that some couples may have different expectations about retirement.  For example, the wife may expect that her husband will help more with the household chores.  He may expect that she will now start playing golf or tennis with him more often.  When these things don't materialize, it can cause disappointment, resentment and bitterness.

Another common issue is social dependency.  The husband may want the wife to focus all her attention on him, especially if he has few friends now that he is no longer working.  The wife, however, may have already developed a large social group that she enjoys seeing on a regular basis.  This can also cause jealousy and resentment.

I felt this was an important topic to address in a retirement blog, so I decided to do a little research into ideas that might alleviate some of the fear and resolve many of the issues regarding marital compatibility after retirement.  An important aspect of retirement planning is to feel confident that your relationships will be pleasant, too.  While you may not want to try everything I discovered and list below, it could be worth it to at least give a few of these suggestions a try.

How to Get Along with Your Spouse After Retirement

*  Both the husband and wife should find ways to be of service.  Helping others is rewarding and especially benefits those people who feel they do not have much value after they leave their jobs.  Having self-worth is important for nearly everyone, whether they are retired or not.  In addition, being busy and having activities that give structure to your free time can make your life more enjoyable.

*  Some people who are ready to retire from their lifelong career may wish to continue to work in some other capacity.  This could mean that you keep your current job, but only do it part-time; or it may mean choosing an entirely different career.  It might even be possible to find an encore career in which you are both of service to others and earn an extra income at the same time.  The website encore.org can help you find a second career with service organizations in your area.  In addition to helping you feel of service and giving you the opportunity to interact with other people in meaningful ways, working can also relieve any financial stress that might have been brought on by retirement. 

*  Even if it requires marriage counseling, every couple needs to learn how to accommodate each other and avoid hurting each others feelings.  If you have been hurting each other for years, it could take time to re-learn the ways you used to enjoy spending time with each other.  After all, there has to be a reason why the two of you got married in the first place.  Once you manage to get back those feelings, you will be glad that you now have a kinder, gentler, more loving relationship.  If you plan to be happy during the decade or two that you are likely to live together after retirement, both people need to find ways to fulfill their social, spiritual and emotional needs within the marriage.

*  At the same time that you are working on building a better relationship with your spouse, both people also need to develop their own individual, personal interests and respect their spouse's independence.  Both of you need to have the free time to do the things that you enjoy.

*  Sit down and talk with each other about your expectations after retirement.  See which expectations you both agree to ... such as he will take responsibility for certain chores and she will join him in certain activities.  Set up a calendar so you both know what will be going on each day.  For example, on Tuesdays she plays bridge and he plays golf.  On Wednesday afternoons, they go together to a movie.  Avoid nagging your spouse to give up an activity they enjoy, simply because you want them to do the things you like.  They deserve to have time to enjoy their retirement, too!

*  Find some individual space for each person within your home.  He may want a home office; she may want a craft or sewing room ... or the opposite could be true.   Each person needs to have a place they can call "their own" within the home ... even if that space occasionally has to do double duty as a guest room for a visiting adult child.

*  Continue to read, talk to each other and learn as much as you can about how to get along after retirement.  You may both need a "refresher course" from time to time, especially after an argument or a period of high stress. In addition, you could find the articles below helpful.

Sources:

http://www.marriagebuilders.com/graphic/mbi5018_qa.html

http://www.huffingtonpost.com/2013/08/09/divorce-after-50-retirement_n_3286342.html

http://www.usatoday.com/story/money/personalfinance/2013/11/05/retirement-couples-happy/2918023/

http://www.encore.org/

For more help with retirement planning, use the tabs at the top of this post for links to hundreds of additional articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  www.morguefile.com

Tuesday, January 6, 2015

Best Places to Retire Overseas from Live and Invest Overseas

Live and Invest Overseas has a Retire Overseas Index which they use to evaluate a variety of factors that go into helping people decide where they should move if they want to retire to another country, rather than stay in the United States.  Currently, over 600,000 Americans receive their Social Security checks in other countries and countless others have their checks deposited into American bank accounts, while they spend at least a portion of their year in a foreign retirement mecca.

U.S. News and World Report, in an article released on September 5, 2014, took the Live and Invest Overseas data and compiled their own list of ten places you should consider, if you want to live all or part of the year in another country when you retire.  They considered data such as affordability and the presence of other American ex-patriots in compiling this list.

Best Places to Retire Overseas

Algarve, Portugal - low cost of living, fabulous climate, and the 17th safest place to live in the world.

Cuenca, Ecuador - affordable, high-quality healthcare, and this is a country that uses the U.S. dollar, which means retirees do not have to worry about exchange rate problems.

George Town, Malaysia - This charming small city is a UNESCO World Heritage site.  Many people speak English, which makes it an easy place to live.

Chiang Mai, Thailand - low cost of living, mild climate and an easy place to find work in the local schools, universities and health care facilities, if you hope to earn extra retirement income.

Dumaguete, Philippines - A couple can live in this University town for as little as $1000 a month and enjoy the gorgeous beaches, as well as many western cultural opportunities like ballet or the theater.  English is the primary language.

Pau, France - Known as the garden city for its lush and abundant greenery, a couple could live in this beautiful university town for about $2,000 a month.

Medellin, Columbia - A beautiful South American city with numerous parks and architectural beauty.  Although we have all heard of the dangerous Medellin drug cartel in the past, according to these reports the city is now considered safe for retirees.  It was named the 2013 World's Most Innovative City.

Abruzzo, Italy - I recently wrote another post about this spectacular and affordable area, titled "Move to the Abruzzo Region of Italy."  It is also included on the Live and Invest Overseas list because of its beautiful beaches, stunning mountains and its affordability.  This is another place where it is estimated that a couple could retire for about $2,000 a month.

Panama City Beaches, Panama - This town offers retirees a beach lifestyle with modern amenities.  Panama is another location that uses the U.S. dollar and has a high-quality healthcare system.

Istanbul, Turkey - We have some Swedish friends who worked for an international company and were often transferred to various parts of the world.  They lived for several years in Texas and then for several years in Istanbul.  They insisted that Istanbul was, by far, their favorite place to live outside of Sweden.  It offers both the experience of living in Europe as well as in Asia.  It is a very affordable place to live at an estimated $1,100 per month.  Our Swedish friends love to play golf and had high praise for the golf courses and the community where they lived in a suburb of Istanbul.


For more detailed information about these locations, go to:

http://finance.yahoo.com/news/10-best-places-retire-overseas-142702453.html

For more information about retirement planning, use the tabs at the top of this article to find links to hundreds of other retirement articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo of the Abruzzo region of Italy is courtesy of wikipedia.com/commons

Tuesday, December 30, 2014

Most Popular Retirement Stories of 2014

This year the most popular retirement topics had to do with the issues of aging, the best places to retire in the United States or overseas, health problems and money tips for both the poor and the wealthy.  Here are links to the top articles for 2014:

The UCI 90+ Study at Laguna Woods Village

Why do some people live to be 90 or 100 years old and others do not?  Which people are most likely to get Alzheimers?  This article is based on decades of research on the residents of Laguna Woods Village, a retirement community near the University of California in Irvine.  Some of their findings are much different than what we have always thought!

Keeping Track of New IRA Rules 

In this article, you will find links to an IRA Broker Comparison Chart, as well as a distribution cheat sheet.  Valuable information about choosing an IRA broker, the amount to contribute and the amount to take in distributions.

Where To Retire Near San Diego

Check out this list of great retirement communities in the San Diego area, and learn the advantages and disadvantages of retiring in this popular region of California.

Public Assistance for Low Income Retirees

Many retirees struggle to make ends meet.  Often they are eligible for a variety of public assistance programs, but they don't know about them.  Whether you need a little extra help yourself or you know of someone who does, this article provides a list of how and where to access the different types of programs that are available.   

Healing Your Plantar Fasciitis

Plantar Fasciitis is a very painful condition that affects the heal of your foot.  While it can take a few months to recover, this article contains a number of tips to help you on the road to recovery.

Problems in Retiring Abroad

More than 600,000 Americans now receive their Social Security checks in foreign countries.  Many people make this decision in order to save money while maintaining a high quality of life.  However, there are a few things that everyone needs to consider before making the decision to move overseas.

Retire in Lovely La Antigua, Guatemala  

If you are looking for a Central American city with a large, English-speaking ex-patriot community and excellent medical care, this may be the right location for your dream retirement home.

Costa Rica Has Become a Top Retirement Destination

Costa Rica has been ranked by HelpAge International as one of the best places for retirees and the elderly to live.  They ranked 90 countries on a variety of issues, including healthcare and Costa Rica came out on top.

Is It Alzheimers or a Treatable Disease?

When the elderly begin to develop dementia, it is often assumed that it is Alzheimer's and there is very little that can be done about it.  However, often dementia is caused by other problems that are quite treatable.  Even certain medications can cause the symptoms of dementia.  Learn how to tell the difference.

Warren Buffet's Retirement Advice

In an interview with Motley Food, Warren Buffet reveals his suggestions for successfully investing your retirement funds.  If you are looking for a stable investment income, you'll want to read this article.

Move to the Abruzzo Region of Italy

Have you always dreamed of retiring in Europe, but thought you could not afford it?  Check out this article about the beautiful, romantic Abruzzo Region of Italy where an American couple can live comfortably in a beautiful setting on less than $2000 a month.

Choosing a Continuing Care Retirement Community



Sometime in your 70's or 80's, many people choose to move into a continuing care retirement community, where someone else will do the cooking, cleaning and provide your transportation.  When you are ready to take this step, you'll want to know how to choose a good one.

You may also be interested in the top retirement stories of past years:

The Fifteen Most Popular Retirement Stories of 2013

The most popular topics were the articles about fabulous places to retire, how to make money after retirement and alternatives to long-term care insurance.  One article was was especially popular was the one that shared some interesting statistics about the Baby Boomer generation

The Eleven Most Popular Retirement Stories of 2012

Subjects covered include where to retire outside the United States, sunny places to retire in the U.S., retirement savings, healing relationships with your adult children, Baby Boomers and STDs, divorce after age 50 and niche retirement communities.

The Eight Most Popular Retirement Stories of 2011

Topics include cheap places to retire, working from home, how to prevent a broken bone, and crafts to do with your grandchildren.

For links to hundreds of additional articles about retirement, use the tabs at the top of this article.

You are reading from the blog, http://www.baby-boomer-retirement.com

Photo credit:  Photo of Laguna Woods Village was taken by author, Deborah-Diane.  All rights reserved.