In this episode, The Annuity Man and Marcia Mantell discuss:
- The good news that came with inflation
- What inflation really does
- Medicare Advantage or Medigap
Key Takeaways:
- Social security got a large boost. On the one hand, we're all lamenting inflation, but then those who are getting social security or are waiting to claim will get the benefit of an 8.7% increase.
- Inflation makes us rethink priorities. It makes us have to reset our budgets and be more mindful about what we buy.
- To know whether Medicare Advantage is better for you or Medigap, you must decide what's important to you. Medigap is about maximizing flexibility and having a steady budget throughout your retirement years. Medicare advantage is if you're fine doing co-pay and being in a network.
- You can either get a financial advisor or do a lot of reading. There is a ton of information available; the challenge would be sorting out which information matters to you.
"You do need a financial advisor. The good news is there is tons of information out there. The bad news is there's tons of information out there; how do you sort through it?" — Marcia Mantell.
Connect with Marcia Mantell:
Website: https://mantellretirementconsulting.com/about/meet-marcia-mantell/
LinkedIn: https://www.linkedin.com/in/marciamantell/
Twitter:https://twitter.com/MarciaMantell
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: Stan@TheAnnuityMan.com
Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!
