Pre-Medicare? Beware twist on co-pays

By: Mary Kane
Posted on: May 15, 2019

If you are not yet on Medicare and use a drug manufacturer’s discount coupon or co-pay assistance card to save money on medicine, check your health plan before you fill your next prescription. Otherwise, you could be in for an unpleasant surprise at the pharmacy counter. You might be subject to a co-pay “accumulator program,” which is a new restriction that prevents your discount... READ MORE

Census offers temp jobs for retirees

By: Jim Miller
Posted on: May 14, 2019

Dear Savvy Senior, The U.S. Census Bureau is in the process of recruiting thousands of workers for temporary jobs to help collect valuable data for the 2020 Census, and retirees are ideal candidates. Can you write a column to get the word out? Thanks for your help!      — Census Recruiter Dear Recruiter, I’m happy to oblige, and I agree. This once-a-decade job opportunity is... READ MORE

Money mistakes even smart people make

By: Liz Weston
Posted on: May 13, 2019

Certified financial planner Jill Schlesinger has seen smart people make some pretty spectacular money mistakes. One client who repeatedly refused to buy disability insurance later developed multiple sclerosis. A doctor she knew put off writing a will and left behind a six-figure tax bill. A technology company engineer balked at her suggestion to sell some of his stock options, only to... READ MORE

Bond funds help avoid interest rate risk

By: Elliot Raphaelson
Posted on: May 09, 2019

Traditional bond funds lost value last year as the Federal Reserve steadily increased interest rates. The Fed could also increase interest rates in 2019, and this causes some concern among bond fund investors. One of the disadvantages of traditional bond funds in a climate of rising interest rates is that there is no fixed maturity date; fund managers are continually modifying their... READ MORE

Get your grandkids in the giving spirit

By: Neale Godfrey  
Posted on: May 09, 2019

Charitable giving is a subject close to my heart and something I have emphasized to my children — and now with my grandchildren — since they were young. It is an opportunity for you to impart your personal values to your family. My mantra is: You are not your money. You are your values. A charitable donation can be made in many ways. It can be as small a gesture as giving spare... READ MORE

Don’t help scammers steal from Medicare

By: Ricardo Alonso-Zaldivar
Posted on: May 08, 2019

Last month, Federal agents broke up a billion-dollar Medicare scam that peddled unneeded orthopedic braces to hundreds of thousands of seniors. Two dozen people were charged, including doctors accused of writing bogus prescriptions. The Justice Department said the scheme relied on overseas call centers to pry Medicare numbers from beneficiaries. Authorities also announced charges... READ MORE