How is Medicare affected by the Patient Protection and Affordable Care Act (PPACA)? Let’s consider this question from three points of view: 1) People over 65 who are already on Medicare; 2) People over 65 who are still working and not on Medicare; 3) People who plan to retire before age 65.
With the ringing in of the New Year comes new contribution limits for retirement plans and health savings accounts. Now is the time to adjust the amount of your salary deferrals and contributions to take advantage of the increased limits.
How do you go about making an important decision? What techniques do you use? What factors do you consider? Last year we helped a client analyze his pension and 401(k) options when he was getting ready to retire from one of the South Bay’s aerospace companies.