How to Avoid Going Broke in Retirement

How to Avoid Going Broke in Retirement

Majority of seniors are worried that they might outlive their retirement savings. This is understandable because of the life expectancy that has been climbing steadily over the years in many countries. If you are also worried that you might use all your savings and run out of money while you are still alive, you can make use of the following strategies to increase the durability of your retirement income.

  1. Create a budget

Creating a budget is a primary step towards ensuring that you are not going broke at any time in your life. With a budget, you can always know how much money you earn, and how much money you will be using. This will help you stay on top of your retirement savings and earnings. Make sure you are including a savings fund and health and medical expenses in your budget because emergencies can always happen too.

  1. Save money consistently

Saving money in your retirement is actually just as important as it is when you are young – in your 20s and 30s. In fact, saving money can be more important in retirement due to the additional risk of health issues, which often come with extremely hefty price tag. When you have money saved in your account, you will be less likely stressed if something unexpected happens.

  1. Establish several sources of income

You can cut down your expenses to meet your current income. However, there is a limit to cutting down expenses. The best thing to do when you cannot practically cut down your expenses down any further is to create several sources of income so that you can generate more money that can meet the extra financial flexibility that you desire. Besides setting up a business, you can also work at a local retail store or do something you love such as being a librarian assistant, a tutor, or a bookkeeper to generate more income.

  1. Invest in stocks

Even though putting your savings on stock may seem very scary, the potential return is relatively greater as compared to returns on mutual funds or bonds. Don’t invest all you money though. Instead, invest just a fraction of what you have. Having a well diversified retirement portfolio is always advisable. Besides the above mentioned points, you can do more research and find out more ways to ensure that you have coverage with Medicare Supplement plans 2020 so visit
are having enough money to live on throughout your lifetime.

Important Precautions Seniors Must Take Before Using Essential Oils

Important Precautions Seniors Must Take Before Using Essential Oils

The most important responsibility of an aromatherapist is that you should be aware of the potential risks of using essential oils in different people. Essential oils have a beneficial effect on health, but they are composed of concentrated plant essences, and therefore they must be used carefully and in small quantities. If you have sensitive skin, you must find out the contraindications before using the oil.

When not to apply:

If a person is sick, you must first check the list of contraindications, because the worst thing you can do in this situation is to aggravate the patient’s condition by using the wrong oil!

Most essential oils are safe, but there are times when you should avoid using certain oils.

What can cause problems?

Some components of essential oils can cause undesirable effects, so always read the description and check contraindications before use.

Aldehydes – These substances can cause skin irritation and lower blood pressure, so they should be used in extremely small doses.

Coumarins – These substances produce the effect of photosynthesis and can lead to skin pigmentation in bright and ultraviolet light.

Ketones – Studies show that these substances in high doses are toxic and can cause epileptic reactions. Also, have an abortive action.

Lactones – Phototoxic, irritate the skin and can cause skin pigmentation.

Oxides – Their presence in oil in large quantities can lead to skin irritation.

Phenols – In large quantities have a negative effect on the liver, and can also cause irritation of nasal membranes.

Precautionary measures:

To protect yourself and others, follow the following general guidelines on the use of essential oils, but do not forget to also read the description of each particular oil.

Use a little:

Some essential oils, when used in large doses, are toxic, so they should be used only in very small quantities. Such oils can have a negative effect on the liver. These include black pepper, cinnamon, clove, nutmeg, and thyme oil.

Observe the dosage of essential oils. Some oils are more prone to cause skin reactions than others. It is best to do a skin test before use.

In case of illness:

If you are sick or have any chronic illness, check the individual tolerance of the essential oil that you are going to use, because some oils can aggravate your condition.

What to avoid:

If you suffer from epilepsy, camphor oil, cinnamon, fennel and rosemary oils should be avoided, and if you have kidney problems, you should not use juniper oil.

If you suffer from any chronic disease, you should use essential oils with extreme caution. Some oils can irritate the nasal membranes, so they should not be used in steam inhalers or applied to the skin near the face. When the sun shines outside, avoid photosynthetic oils such as lemon, fennel and ginger oils. Advantage Policy: Older adults who’re over 65 can get United Healthcare Medicare Advantage Plans 2020 plans here for covering coinsurance which is not a part of Regular Medicare.

Older Travelers, useful information only for U

Older Travelers, useful information only for U

With increasing older U.S. citizens traveling abroad, the U.S. state Department wants to stay prepared so that they enjoy the trips. Here is some useful information for older travelers, if you are planning your trip:

  • Stay Connected: There are many ways to receive updates on safety and security information.
  • Consider Medical Insurance: Check the options of insurance as even Medicare is not useful to cover all your overseas medical costs. You may need to buy supplement insurance.
  • Beware of scams: At home or abroad, U. S. citizens become easy victims. There are different scam types and they all share common goal of monetary gain for scammers.

 Travel Documents

  • Ascertain your travel documents: Passports have validity of at least six months.
  • Check with your destination Travel Advisory here.
  • Check country information to verify if:
  • You require a visa
  • There is enough blank pages for entry stamps in your passport
  • Your passport is valid for a period of six months beyond the trip end; otherwise some countries do not let you enter.


Health & Medical Information

  • Medicare does not bear the overseas health care costs.
  • Visit your physician and consult 6 to 8 week before you scheduled day to travel overseas so that there is enough time for vaccination required.
  • There are short-term emergency assistance and health policies covering your overseas health care expenses. This naturally includes emergency medical evacuations as well as part of the emergency services.
  • Obtain health insurance covering dental treatment abroad and emergency medical attention, and also medical evacuation, if essential.


Medications and Pharmacies

  • Take prescription medication routinely and pack ample trip supply. Discuss for adjustments with your doctor about the medication schedule for time zones change.
  • Have doctor’s information regarding your condition to avoid delays or questions at immigration or customs. Keep medications in their labeled original containers.
  • Check with the Consulate or Embassy of the country you have visiting plans to ascertain the medications are not illegal substances under the local laws.


For mobility difficulties, settle on a wheelchair use as requirement. At the same time determine the accommodation access for public facilities, swimming pools, bars, restaurants, bathrooms, and other public spaces.

  Financial Information

  • Inform your credit card company or bank that you are traveling overseas and they should not freeze your account. Check if they have international banking partners to withdraw funds or deposit safely if required.
  • Bring along travelers checks as ATM service is not secure or widely available. You can carry major credit cards one or two.
  • Learn more about Humana Medicare Advantage Plans 2020 available at

Diet Rules for Seniors to Fight Anemia

Diet Rules for Seniors to Fight Anemia


Foods that are rich in iron are essential to fight anemia in old age. It is the active intake of this substance that contributes to the hemoglobin level in the blood improving your overall well-being.


The main sources of iron are considered to be protein foods, vegetables, and fruits. In this case, it is required to minimize the amount of consumption of fat.


Be sure to add to the diet fresh and natural juices, berries, and greens.


You can not combine dairy and iron-containing products in your day to day diet. It is the dairy products that violate the absorption of iron in your body.


It is important not only to consume a sufficient amount of foods containing iron but also to ensure it is absorbed in the right manner in your body. That is why it is recommended to remove foods that contain vitamin C from the diet.


If there is a decrease in hemoglobin concentration, you should avoid the intake of:




These substances are found in legumes, walnuts, whole grains and chocolate. If you can not give up legumes, before cooking they should be soaked in cold water and left for 12 hours. Thanks to this procedure, the negative impact of this product on the body can be reduced.




The maximum concentration of these substances is present in black tea and coffee. It is a coffee drink that reduces the amount of iron absorbed by the body by half. It is allowed to use herbal teas and cocoa, but only in limited quantities.


may also prevent the full absorption of iron in the body. We also don’t suggest you consume dairy products, since they contain plenty of calcium in them.


Phytic acid

These substances are contained in oilseeds, legumes, cereals.

Each of the above substances can prevent the absorption of iron in your body.

Taking into account the age of the patient and the characteristics of his/her body, the doctor may recommend a specific treatment procedure. Nonetheless, the greatest success can be achieved with the combination of diet and medications.

Advantage Policy: If you’re at least 65 & living in the USA, you can use 2020 Medicare advantage plans comparison from so as to cover copay & coinsurance.

Top 4 Investments for your retirement

Top 4 Investments for your retirement

The best way to ensure a smooth and enjoyable life after your retirement is by investing right away. Even though you may be 65 or above, there is nothing wrong if you decide to invest now. The first thing you should consider is the viability of these investments and their potential to generate the expected results. Getting on the same investment platform with your spouse is one of the ways you can encourage each other to attain good financial standing. If you are uncomfortable about a business idea or you are totally bereft of how to start one, you can seek the services of an investment advisor. However, here is why you should consider the following investments: Find quotes here for medicare supplement plans

  1. Bonds

A bond is a loan that you (investor) offers to the borrower who can be a government entity, company, or state by which the money will be used to finance a project or an activity. These bonds have their dates of maturity. Mostly bonds may take up to 10 years before the interest is paid to you. It is often important to seek the advice of your advisor to know which is appropriate for you.

  1. Stocks

This is a form of security that indicates that you have become a co-owner of the company or entity. They usually come in two types namely: the common stock and the preferred stock. The former allows you to receive dividends, vote, and take part in shareholders meetings while the later does not permit you to vote but you can lay more claims to the company’s earnings and stocks.

  1. Social Security

This program is based on the taxes that are deducted from the salaries of the employees of the company. You will increase your earning by 33% if you have worked until you are 66 years and above. This is one of the reasons many seniors choose to work longer to make more claims to their benefits.

  1. Annuities

These are simple but long-term investments that you make with an insurance company. In this investment, you will make an offering to the insurance company either a one-time bulk offer or a monthly payment called premium. The return for your investment will be a steady flow of income that you will get over the period. While it favors most persons, it is totally a bad investment to some which are why you should speak with an advisor to know which is best for you.

Medicare Advantage Plans, a brief overview of its working and types

Medicare Advantage Program is referred to as Part C Medicare. This program offers a way that you can enjoy the benefits of Part A and B Medicare through approved private companies offering Medicare insurance and does not have any direct selling through the government. In case you are thinking of Medicare Advantage plans, here is the required information.

How does it work?

Medicare Advantage plans deliver identical coverage as Part A and B traditional Medicare, except hospice care that is Part A covered.  Generally, the plans of Medicare Advantage include routine dental services and prescription drug coverage, as extra benefits.

Medicare Advantage plans are in contract with the government program Medicare such that it pays each plan every month some fixed amount. The insurance company pays the cost to a specific portion as per Medicare rules and it also harmonizes your care. The costs are connected to Florida Blue Medicare Advantage plans. There are Medicare services that need coinsurance or copayments, while the plans may feature premiums and deductibles. Some plans features low premiums per month as $0 also, so it is up t you to look at the costs of other plan as well. No matter where you get enrolled with Medicare Advantage plans, you need to pay the Part B premium for Medicare monthly.

Based on the plan type you select, there may be rules. For instance, plans may limit you to consult only the list of doctors as per the plans network or may expect you to acquire a referral from their network list of specialists. Each Medicare Advantage plan features an amount as the out-of –pocket to the maximum that you can spend each year on health costs. After spending that amount, the costs of Medicare covered services will be paid by the Medicare Advantage plan. However, each plan of Medicare Advantage comes with a different limit and with each year the amount is anticipated to change.

Medicare Advantage plan types

There are many forms of Medicare Advantage plans, though the fact is that not all the plan types may be available where you live. However, the available plan types include:

  • Health- Maintenance –Organization is abbreviated as HMO
  • Private- Fee -for –service is abbreviated as PFFS
  • Preferred- Provider- Organization is abbreviated as PPO
  • Special Need plans is abbreviated as SNPs
  • Medical- savings- account is abbreviated as MSA
  • HMO Point of service is abbreviated as HMO-Pos

Things to consider

If you want to have in one plan all Medicare coverage, ensure to buy such a plan. Not all the Medicare Advantage Plans provide all the coverage.

Choosing Supplemental Health Insurances

A few elements impact the decision of supplemental health insurance, and they are altogether identified with the individual states of the purchaser. Supplemental medical insurance works fine when you run a high danger of disease, mischances or hospitalization. It isn’t sufficient to need supplemental health insurance, you additionally need to bear the cost of it. Additionally, we ought to likewise say that this sort of insurance isn’t inside the scope of the normal buyer in heaps of cases, and it absolutely does not meet the financial plan of the low-wage family.

Supplemental health insurance falls into three different classifications:

  1. Ailment related approaches are those that spare you cash when you have been determined to have some intense malady, for example, growth or AIDS for example. The advantages of such supplemental medical coverage relies upon the kind of the strategy that you sign, yet frequently the installment is made every day.


  1. Approaches in the event of mischances apply to the safeguarded as well as to the family too. The mischances ought to be specified in the strategy announcement or you won’t be qualified for installment. Besides, the paid sum straightforwardly relies upon the level of damage.


  1. Hospital-reimbursement supplemental health insurance is legitimate on the off chance that the purchaser experiences a health condition that requires hospitalization. The installment is made day by day, week after week or month to month to the protected or to his or her recipient.

If there are any holes in the general health insurance plans, supplemental medical insurance will fill them. In addition, you would thus be able to get coverage for a portion of the costs that the consistent plan does not cover. Independently employed individuals, families with kids and any individual who might not have the capacity to adapt to high medical costs can utilize supplemental medical insurance effectively.

You ought to likewise consider Medicare Supplement Plans 2018 if you work with Medicare or if you have to take some time off from work on account of damage and disease. Money, low expenses for medical administrations, the opportunity to balance lost wage, and even installment for previous health conditions are among the primary advantages of supplemental health insurance.

The vital thing is to pick the back up plan deliberately with the goal that you may maintain a strategic distance from the danger of tricks, cash misfortune or defective arrangement. Supplemental health insurance limits the effect of a mischance or unforeseen ailment for the family. On the off chance that somebody in the family needs helped living offices, grown-up day mind or notwithstanding living in a medical home, the costs will be secured from the insurance.

5 Things to Do with Your Retirement Money

If you have just retired, or happen to be on the verge of retirement, it is possible that you have some expectations from your retirement money. You would want to spend the rest of your money not working at all or at least, not working as hard as your prime years, and yet enjoying enough finances to take care of all the needs of yourself and your family members. Here are 5 things that you should do with your own retirement money.

Have a good investment portfolio

It is not enough to have money in your bank, as you also need to keep pace with various things such as long-term care, rising healthcare costs, changes in technology, planned obsolescence, taxes, inflation etc. Almost every retiree wants to keep his principal intact, and like to sustain on the income that is generated from the principal amount. Thus, it is essential for you to have a properly balanced and diversified portfolio that lets you keep up with all possible changes.

Ensure safety provisions

Suffering huge losses in your investment portfolio can have devastating consequences for your financial freedom during the twilight years of your life. You can quickly run out of finances. Thus, you need to look for an investment plan having clear strategies that can safeguard you well against suffering big investment losses and living well with good financial health.

Ensure tax efficiency

There are many taxes that you have to pay with your income even after retirement – whether by way of interest, tax on dividends, capital gains tax or ordinary income tax. The quickest way of wealth accumulation is to ensure that you never pay any tax on the income that you are not using. You should grow your money with little or even no tax consequences, if possible legally. Your aim should be to receive your income in the most tax-effective way.

Maintain control over assets

In retirement plans, you need to be able to maintain complete control on your assets, at the time of accumulation and also during distribution. This will help you to pick where and how to spend or invest your money.

Maintain complete access

In your retirement plan, you must keep aside some money to satisfy emergencies or unexpected events. At times in life, emergencies crop up that demand a lot of expenses – such as long-term care needs, health care costs and more. You should plan for such contingencies. GET A QUOTE AT

The important takeaways from your Medicare Advantage Plan for 2019

Medicare Advantage Plan is a health insurance that covers a part or whole of the expenses for the healthcare benefits according to the agreement of the insurance. In a Medicare Advantage Plan, the insurer presents the customer with various sets of finance structure called policies. The customer has to pay some money for the health care benefits that can be availed in the future or in other words when the plan will get matured.


So who funds these plans?


You can get the benefits of your healthcare through two sources, from the Government and from any private organisation. If the government is paying you for your health benefits, you are having an Original Medicare and if any private company is doing so, you are having a Medicare Advantage Plan.

In a Medicare Advantage Plan the government cuts a check per person per month to the private health insurer who coordinates and finances that person’s health care.


The main takeaways of Medicare Advantage Plan for 2019


Private firms deciding to enter the market depends highly on how much the government will pay the insurer. So, when the government pays more for medicating private health insurance that through Medicare, there will be more competition among insurers offering that same coverage throughout.

Secondly, when we look at the quality measures by doing a finding on several evidences, it is seen that not all the time paying plans substantially more leads to much better quality and paying relatively less leads to a downfall of offered services. Researchers in health economics and related areas are trying to figure out when we pay much.

Do what we get is also better?

Medicare Supplement Plans 2019 don’t find a huge payoff on the margin and for the Affordable Care Act is phased in reducing each dollar in the premiums doesn’t mean the same is taken away from the consumers in the form of the quality of their coverage


All Medicare Advantage Plans are the same but the availability of the services varies from region to region (applies to all states and county of the USA and worldwide). So before applying for a Medicare Advantage Plan for 2019 make sure to know all the available services in your respective area and know all the benefits that the plan can cover and can really help you.


For more information related to Medicare Advantage Plan for 2019 visit their official website-

Analyzing Medicare Supplement Plans Offering Maximum Coverage

There are ten Medicare supplement plans for 2019 available in the market, and while all of them offer you supplementary advantages over your Medicare policies, there are of course some differences, and according to which you can analyze which one offers you the maximum coverage on your out of pocket expenses. Now, while you seek for the most advantageous plan you also have to take note of the fact, that the plan which covers your maximum supplements medical expenses will also call for according premium rates. This is the reason why you must consider certain deciding factors like

  • Your Budget
  • The coverage offered by your main Medicare plan
  • Your medical history, health, even family medical history in order to estimate potential emergencies of future

Common Benefits with Medicare Supplement Plans

  • Medicare Part A coinsurance hospital charges which one needs to pay after the coverage period is over
  • Medical Part B 20% of all your medical expenses
  • Blood tests, however first 3 pints are covered by any Medicare
  • SNF coinsurance that is skilled nurse facility care required by patients
  • Copayment or coinsurance of any hospice care included
  • Deductibles of main Medicare policy
  • Foreign Travel expenses for any medical purpose
  • Copayment of Part B
  • Coinsurance as per Part B for preventive care


Now, if you are looking for 1200% payment of all you’re out of pocket expenses in medical purposes out of your Medicare coverage, then it is obviously best to go with   Plan F. This is complete end to end supportive supplement plan. However, since this plan offers comprehensive 100% coverage on your extra expenses, the premium scale is definitely higher than other. But if you have restrains on your budget limit, you can also try out Plan N and Plan G which also offers extensive range of coverage, though you need to do a bit of cost sharing.

The Plan G extensively offers you an edge over the extra costing that you need to pay from your pocket with Medicare Part B. If you cannot afford to pay the high premiums of Medicare supplement Plans F then it is recommended to take up Plan G which also offers quite similar coverage on your Part B deductibles. But the best part it, all these plans are standardized and from whichever company you take them as per premium differences, the benefits are going to be all the same.