Fidelis Financial Strategies

12/12/2024

𝐈𝐧𝐟𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐏𝐨𝐰𝐞𝐫 𝐛𝐲 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧

While older generations control the largest share of global spending today, Gen Z is on track to become the fastest-growing force in global expenditures over the next decade.

The graphic located below shows the share of global population and spending each generation represents in 2024.

𝐖𝐡𝐲 𝐆𝐞𝐧 𝐙 𝐂𝐨𝐮𝐥𝐝 𝐒𝐨𝐨𝐧 𝐃𝐫𝐢𝐯𝐞 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡

In 2024, Gen X, Boomers, and the Silent Generation all account for larger shares of global spending compared with their shares of the population, with Gen X holding the largest share at 23.5%. Millennials follow close behind with 22.5% of spending power, while making up 22.9% of the population.

However, a report by NielsenIQ and World Data Lab projects Gen Z will see the fastest growth in spending power over the next 10 years. That's primarily because Gen Z — which today accounts for almost a quarter of the world population — is "the largest generation to date and will likely be the largest ever."

Disclosures:
𝖲𝖾𝖼𝗎𝗋𝗂𝗍𝗂𝖾𝗌 𝗈𝖿𝖿𝖾𝗋𝖾𝖽 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝖫𝗂𝗈𝗇 𝖲𝗍𝗋𝖾𝖾𝗍 𝖥𝗂𝗇𝖺𝗇𝖼𝗂𝖺𝗅, 𝖬𝖾𝗆𝖻𝖾𝗋 𝖥𝖨𝖭𝖱𝖠 & 𝖲𝖨𝖯𝖢. 𝖨𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍 𝖠𝖽𝗏𝗂𝗌𝗈𝗋𝗒 𝖲𝖾𝗋𝗏𝗂𝖼𝖾𝗌 𝗈𝖿𝖿𝖾𝗋𝖾𝖽 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝖢𝗌𝖾𝗇𝗀𝖾 𝖠𝖽𝗏𝗂𝗌𝗈𝗋𝗒 𝖦𝗋𝗈𝗎𝗉 𝖺𝗇𝖽 𝖢𝗈𝗆𝗉𝖺𝗌𝗌 𝖠𝖽𝗏𝗂𝗌𝗈𝗋𝗒 𝖯𝖺𝗋𝗍𝗇𝖾𝗋𝗌, 𝖽𝖻𝖺 𝖥𝗂𝖽𝖾𝗅𝗂𝗌 𝖥𝗂𝗇𝖺𝗇𝖼𝗂𝖺𝗅 𝖲𝗍𝗋𝖺𝗍𝖾𝗀𝗂𝖾𝗌. 𝖫𝖲𝖥 𝗂𝗌 𝗇𝗈𝗍 𝖺𝗇 𝖺𝖿𝖿𝗂𝗅𝗂𝖺𝗍𝖾𝖽 𝖼𝗈𝗆𝗉𝖺𝗇𝗒. 𝖦𝗋𝖺𝗉𝗁𝗂𝖼 𝖼𝗋𝖾𝖺𝗍𝖾𝖽 𝖻𝗒 𝖵𝗂𝗌𝗎𝖺𝗅 𝖢𝖺𝗉𝗂𝗍𝖺𝗅𝗂𝗌𝗍; 𝖽𝖺𝗍𝖺 𝖿𝗋𝗈𝗆 𝖭𝗂𝖾𝗅𝗌𝖾𝗇𝖨𝖰 𝖺𝗇𝖽 𝖶𝗈𝗋𝗅𝖽 𝖣𝖺𝗍𝖺 𝖫𝖺𝖻, 2024. 𝖨𝗇𝖿𝗈𝗋𝗆𝖺𝗍𝗂𝗈𝗇 𝗉𝗋𝗈𝗏𝗂𝖽𝖾𝖽 𝖻𝗒 𝖡𝗋𝗈𝖺𝖽𝗋𝗂𝖽𝗀𝖾 𝖠𝖽𝗏𝗂𝗌𝗈𝗋 𝖲𝗈𝗅𝗎𝗍𝗂𝗈𝗇𝗌.

08/27/2024

As investors, there is a lot to learn from “Miss Unsinkable.”

At the age of 24, Violet Jessop was employed as a steward on board the RMS Olympic when it collided with the HMS Hawke. While both ships were heavily damaged, the Olympic made it into port. As her first crash at sea, with no need to abandon ship, it seemed to have been a non-event in her memoirs.

In 1912, she was part of the crew that boarded and set sail on the Titanic. While in her quarters, she heard a loud crash and then some crunching noises. Then she heard the announcement that they were sinking. Believing there was a plan in place, she calmly gathered her passengers, even taking her time to find the right hat to wear, before boarding the lifeboats.

Hers was one of the last lifeboats pulled from the water.

That harrowing experience didn’t stop her from going back to sea. She wanted the adventure and needed the income. Just four years after her experience on the Titanic, Violet was aboard the HMHS Britannic (a hospital ship being used during WWI). As this ship was on its way to the Greek town of Moudros, it struck a deep sea mine. Everyone felt the explosion but still reacted with a sense of calm. Not due to blind trust or denial of the situation, but due to experience in war.

Again, Miss Unsinkable was able to get to a lifeboat and, despite the captain's horrible decision-making, survived another shipwreck at sea.

As we read her story, we found two lessons for us as investors so we can be unsinkable.

First, market volatility can be dramatic and scary. Proper planning and a focus on the destination can inform our decisions about how we can get to port.

Second, while Violet was able to survive the Titanic disaster despite faulty guidance, every investor should be fully aware of their situation so they can make the best decisions possible when markets appear to be crashing. Proper guidance and education should allow you to focus on things in life that are far more important than the markets (like finding the right hat).

We're sure you can see other lessons here, too. Most importantly? Miss Jessop successfully retired and had plenty of stories to tell until her passing in 1971.

That is our goal for the families we work with: to make it to and live a happy retirement. We do that with proper education and guidance.

Source: https://explorethearchive.com/violet-jessop
Information provided by Bill Good Marketing

Stewardess Violet Jessop managed to survive the disaster of the Titanic, in addition to two other perilous crashes: that of the Olympic in 1911, and the Britannic in 1916.

03/06/2024

𝐇𝐚𝐯𝐞 𝐲𝐨𝐮 𝐭𝐡𝐨𝐮𝐠𝐡𝐭 𝐥𝐚𝐭𝐞𝐥𝐲 𝐚𝐛𝐨𝐮𝐭 𝐜𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐚 𝐩𝐨𝐰𝐞𝐫 𝐨𝐟 𝐚𝐭𝐭𝐨𝐫𝐧𝐞𝐲?

Many don’t even think about getting one in place until they have a major issue. The problem with waiting until it is needed is in the requirements for the document to be valid: You must create it of your own free will and be of sound mind when you create it.

Of course, the point of having a power of attorney is so that, when you are not of a sound mind or able to make your own decisions, someone you trust can make them for you. That means you can’t wait until it is needed to create it.

The good thing is that granting someone power of attorney can be all-inclusive or limited. In either case, you get to decide who you trust to make the decisions you want. You also get to decide when their authority starts and ends.

If you don’t create a power of attorney, and a situation arises where someone must make decisions for you, the court can appoint someone. Whoever they appoint may or may not be someone you even know. Your loved ones could also file for adult guardianship, which can be lengthy. Why put your loved ones through that stress at a tough time?

I have seen many situations where having a power of attorney document on file was extremely helpful in reducing stress at an extremely stressful time. I have also seen real problems for families without power of attorney.

If you have not set one up, I suggest you speak with an attorney today. Best to do it now than not have one later.

Lᴇɢᴀʟ sᴇʀᴠɪᴄᴇs ᴀʀᴇ ɴᴏᴛ ᴏꜰꜰᴇʀᴇᴅ ʙʏ Lɪᴏɴ Sᴛʀᴇᴇᴛ Fɪɴᴀɴᴄɪᴀʟ, LLC., ᴏʀ Lɪᴏɴ Sᴛʀᴇᴇᴛ Aᴅᴠɪsᴇʀs, LLC.

02/12/2024

Let us tell you a brief story.

There once was a man who lived by the side of the road and sold hot dogs. He was hard of hearing, so he had no radio. He had trouble with his eyes, so he didn’t read the paper, watch television, or surf the internet. All he knew was how to make and sell a great hot dog.

He put up signs saying how good the hot dogs were. He would call out to customers to try his hot dogs. And people bought. He had to increase his bun and hot dog orders every month.

This is how things went until a friend came to visit him. When the man mentioned his increased orders, the friend was incredulous. “The Fed is raising rates! Inflation is running wild! Incomes have been squeezed.” The man thought, my friend has gone to college. He reads the papers and is connected to a lot of people through social media. He knows what he’s talking about.

The man reduced his bun and hot dog orders and took down his signs. His sales plummeted seemingly overnight. The man thought, “I guess my friend was right.”

The moral of the story? Whether it is the markets, the economy, or even running your own business, what is, is. Trying to predict the future based on a few data points is a recipe for failure. Hard work and watching what’s happening now is a recipe for success.

01/31/2024

𝐈𝐬 𝐚 𝐋𝐚𝐬𝐭 𝐖𝐢𝐥𝐥 𝐚𝐧𝐝 𝐓𝐞𝐬𝐭𝐚𝐦𝐞𝐧𝐭 𝐞𝐧𝐨𝐮𝐠𝐡?

As Financial Advisors, we work with our clients on all aspects of their financial life. One of those aspects is Estate Planning. One of the statements that comes up often when we start discussing this topic is, “I’m all covered. I’ve got a will.”

While a will is a crucial document to have in place and current, it is very important to understand that there are some things a will doesn’t do.

First, a will does NOT cover all of your assets. Many people think that everything they own will be automatically distributed according to their will, but that's not entirely accurate. Assets like joint bank accounts with rights of survivorship, retirement accounts with designated beneficiaries, and assets held in a living trust typically bypass the probate process and are not governed by your will.

Secondly, a will does NOT dictate the distribution of certain types of property. For instance, properties owned as joint tenants or with community property rights might not follow the instructions in your will. Additionally, properties subject to beneficiary deeds or payable-on-death designations will pass to the specified beneficiaries, regardless of what's stated in your will.

Lastly, it's important to note that a will does NOT allow you to avoid the probate process entirely. Probate can be time-consuming and costly. A will won't shield your estate from it. However, strategies like setting up living trusts can help your loved ones avoid the probate process and ensure a smoother transfer of assets.

Remember, crafting a comprehensive estate plan involves more than just a will. It's crucial to work with professionals who can guide you through the complexities of estate planning. They can help ensure your assets are managed and distributed according to your wishes. If you have any questions or need assistance, feel free to reach out – we are here to help!

𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀:
Information provided by Bill Good Marketing. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

12/21/2023

Merry Christmas!
We wanted to let everyone know that our office will be closed on Monday and Tuesday (12/25 & 12/26).
Have a safe and wonderful holiday!!!!

11/20/2023

𝗛𝗦𝗔𝘀 𝗳𝗼𝗿 𝗛𝗲𝗮𝗹𝘁𝗵 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀:

According to a recent HealthView Services report, the average healthy couple nearing or in retirement will spend approximately $16,155 in 2024 to cover health care costs. That doesn’t include any Long-Term Care needs. By 2029 those costs will be around $21,164.
That is significant enough of an expense in retirement to warrant some careful planning. One potential solution might be an HSA.

There are plenty of rules you must follow with your HSA.

👩🏽‍⚕️ You can only start an HSA if you are working and have a high deductible health plan.

💵 You can only save so much per year into that account. The 2023 limit is $3,850 for an individual and $7,750 for a family. If you and your spouse can open separate HSAs, then you can each contribute the $3,850 and an additional $1,000 catch up contribution if you are over 55. These contributions include whatever your employer might contribute.

🏧 The key to using your HSA in retirement is allow it to build. You can even invest the funds in your HSA once certain levels are reached.

⚕️ When you are ready to withdraw funds, they just need to go towards qualifying medical expenses, and you can save and use those funds tax free.

Of course, everyone’s situation is different. We would be happy to discuss your particular strategy for covering health expenses in retirement. Feel free to reach out to our team if you have any questions.

𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀:
Securities offered through Lion Street Financial, Member FINRA & SIPC. Investment advisory Services offered through Csenge Advisory Group and Compass Advisory Partners, dba Fidelis Financial Strategies. LSF is not an affiliated company.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

Information provided by Bill Good Marketing. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

11/08/2023

𝐂𝐚𝐧 𝐲𝐨𝐮 𝐫𝐞𝐭𝐢𝐫𝐞 𝐰𝐡𝐞𝐧 𝐘𝐎𝐔 𝐰𝐚𝐧𝐭 𝐭𝐨?

You may have been out of school for a very long time, but here’s another “pop quiz”…
There are many things that can affect the answers. Do you know if:
💲Income taxes go away when you retire?
💲Social security benefits are, or are not, sheltered from taxes?
💲Tax consequences apply to you if you don’t start to withdraw your pre-tax savings at age 73?
Leaving school doesn’t stop people from learning.
It means answers must be sought from somewhere else instead of a teacher in a classroom.

Taxation after retirement is a complicated subject, there is a lot of information available. I read voluminously in the field each week and am always looking for answers to those tough retirement questions.
Our FREE evaluation of your retirement plan will help you decide if there are more answers to the pop quiz!
Feel free to give us a ring at 931-400-0012 to set a time to ask questions and find some answers. 📞😁

𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀:
Securities offered through Lion Street Financial, Member FINRA & SIPC. Investment advisory Services offered through Csenge Advisory Group and Compass Advisory Partners, dba Fidelis Financial Strategies. LSF is not an affiliated company.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

09/18/2023

𝐇𝐨𝐰 𝐨𝐟𝐭𝐞𝐧 𝐝𝐨 𝐈 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐫𝐞𝐯𝐢𝐞𝐰 𝐦𝐲 𝐞𝐬𝐭𝐚𝐭𝐞 𝐩𝐥𝐚𝐧?

Although there's no hard-and-fast rule about when you should review your estate plan, the following suggestions may be of some help:

• You should review your estate plan immediately after a major life event

• You'll probably want to do a quick review each year because changes in the economy and in the tax code often occur on a yearly basis

• You'll want to do a more thorough review every five years

Reviewing your estate plan will not only give you peace of mind, but will also alert you to any other changes that need to be addressed.

There will be times when you'll need to make changes to your plan to ensure that it still meets all of your goals. For example, an executor, trustee, or guardian may change his or her mind about serving in that capacity, and you'll need to name someone else.

Other reasons you should do a periodic review include:

• There has been a change in your marital status (many states have laws that revoke part or all of your will if you marry or get divorced) or that of your children or grandchildren

• There has been an addition to your family through birth, adoption, or marriage (stepchildren)

• Your spouse or a family member has died, has become ill, or is incapacitated

• Your spouse, your parents, or other family member has become dependent on you

• There has been a substantial change in the value of your assets or in your plans for their use

• You have received a sizable inheritance or gift

• Your income level or requirements have changed

• You are retiring

• You have made a change in your estate plan (e.g., you created a trust or executed a codicil to your will)

While trusts offer numerous advantages, they incur up-front costs and often have ongoing administrative fees. The use of trusts involves a complex web of tax rules and regulations. You should consider the counsel of an experienced estate planning professional and your legal and tax advisers before implementing such strategies.

𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞𝐬:
𝖲𝖾𝖼𝗎𝗋𝗂𝗍𝗂𝖾𝗌 𝗈𝖿𝖿𝖾𝗋𝖾𝖽 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝖫𝗂𝗈𝗇 𝖲𝗍𝗋𝖾𝖾𝗍 𝖥𝗂𝗇𝖺𝗇𝖼𝗂𝖺𝗅, 𝖬𝖾𝗆𝖻𝖾𝗋 𝖥𝖨𝖭𝖱𝖠 & 𝖲𝖨𝖯𝖢. 𝖨𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍 𝖺𝖽𝗏𝗂𝗌𝗈𝗋𝗒 𝖲𝖾𝗋𝗏𝗂𝖼𝖾𝗌 𝗈𝖿𝖿𝖾𝗋𝖾𝖽 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝖢𝗌𝖾𝗇𝗀𝖾 𝖠𝖽𝗏𝗂𝗌𝗈𝗋𝗒 𝖦𝗋𝗈𝗎𝗉 𝖺𝗇𝖽 𝖢𝗈𝗆𝗉𝖺𝗌𝗌 𝖠𝖽𝗏𝗂𝗌𝗈𝗋𝗒 𝖯𝖺𝗋𝗍𝗇𝖾𝗋𝗌, 𝖽𝖻𝖺 𝖥𝗂𝖽𝖾𝗅𝗂𝗌 𝖥𝗂𝗇𝖺𝗇𝖼𝗂𝖺𝗅 𝖲𝗍𝗋𝖺𝗍𝖾𝗀𝗂𝖾𝗌. 𝖫𝖲𝖥 𝗂𝗌 𝗇𝗈𝗍 𝖺𝗇 𝖺𝖿𝖿𝗂𝗅𝗂𝖺𝗍𝖾𝖽 𝖼𝗈𝗆𝗉𝖺𝗇𝗒.

𝖡𝗋𝗈𝖺𝖽𝗋𝗂𝖽𝗀𝖾 𝖨𝗇𝗏𝖾𝗌𝗍𝗈𝗋 𝖢𝗈𝗆𝗆𝗎𝗇𝗂𝖼𝖺𝗍𝗂𝗈𝗇 𝖲𝗈𝗅𝗎𝗍𝗂𝗈𝗇𝗌, 𝖨𝗇𝖼. 𝖽𝗈𝖾𝗌 𝗇𝗈𝗍 𝗉𝗋𝗈𝗏𝗂𝖽𝖾 𝗂𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍, 𝗍𝖺𝗑, 𝗅𝖾𝗀𝖺𝗅, 𝗈𝗋 𝗋𝖾𝗍𝗂𝗋𝖾𝗆𝖾𝗇𝗍 𝖺𝖽𝗏𝗂𝖼𝖾 𝗈𝗋 𝗋𝖾𝖼𝗈𝗆𝗆𝖾𝗇𝖽𝖺𝗍𝗂𝗈𝗇𝗌. 𝖳𝗁𝖾 𝗂𝗇𝖿𝗈𝗋𝗆𝖺𝗍𝗂𝗈𝗇 𝗉𝗋𝖾𝗌𝖾𝗇𝗍𝖾𝖽 𝗁𝖾𝗋𝖾 𝗂𝗌 𝗇𝗈𝗍 𝗌𝗉𝖾𝖼𝗂𝖿𝗂𝖼 𝗍𝗈 𝖺𝗇𝗒 𝗂𝗇𝖽𝗂𝗏𝗂𝖽𝗎𝖺𝗅'𝗌 𝗉𝖾𝗋𝗌𝗈𝗇𝖺𝗅 𝖼𝗂𝗋𝖼𝗎𝗆𝗌𝗍𝖺𝗇𝖼𝖾𝗌.

𝖳𝗈 𝗍𝗁𝖾 𝖾𝗑𝗍𝖾𝗇𝗍 𝗍𝗁𝖺𝗍 𝗍𝗁𝗂𝗌 𝗆𝖺𝗍𝖾𝗋𝗂𝖺𝗅 𝖼𝗈𝗇𝖼𝖾𝗋𝗇𝗌 𝗍𝖺𝗑 𝗆𝖺𝗍𝗍𝖾𝗋𝗌, 𝗂𝗍 𝗂𝗌 𝗇𝗈𝗍 𝗂𝗇𝗍𝖾𝗇𝖽𝖾𝖽 𝗈𝗋 𝗐𝗋𝗂𝗍𝗍𝖾𝗇 𝗍𝗈 𝖻𝖾 𝗎𝗌𝖾𝖽, 𝖺𝗇𝖽 𝖼𝖺𝗇𝗇𝗈𝗍 𝖻𝖾 𝗎𝗌𝖾𝖽, 𝖻𝗒 𝖺 𝗍𝖺𝗑𝗉𝖺𝗒𝖾𝗋 𝖿𝗈𝗋 𝗍𝗁𝖾 𝗉𝗎𝗋𝗉𝗈𝗌𝖾 𝗈𝖿 𝖺𝗏𝗈𝗂𝖽𝗂𝗇𝗀 𝗉𝖾𝗇𝖺𝗅𝗍𝗂𝖾𝗌 𝗍𝗁𝖺𝗍 𝗆𝖺𝗒 𝖻𝖾 𝗂𝗆𝗉𝗈𝗌𝖾𝖽 𝖻𝗒 𝗅𝖺𝗐. 𝖤𝖺𝖼𝗁 𝗍𝖺𝗑𝗉𝖺𝗒𝖾𝗋 𝗌𝗁𝗈𝗎𝗅𝖽 𝗌𝖾𝖾𝗄 𝗂𝗇𝖽𝖾𝗉𝖾𝗇𝖽𝖾𝗇𝗍 𝖺𝖽𝗏𝗂𝖼𝖾 𝖿𝗋𝗈𝗆 𝖺 𝗍𝖺𝗑 𝗉𝗋𝗈𝖿𝖾𝗌𝗌𝗂𝗈𝗇𝖺𝗅 𝖻𝖺𝗌𝖾𝖽 𝗈𝗇 𝗁𝗂𝗌 𝗈𝗋 𝗁𝖾𝗋 𝗂𝗇𝖽𝗂𝗏𝗂𝖽𝗎𝖺𝗅 𝖼𝗂𝗋𝖼𝗎𝗆𝗌𝗍𝖺𝗇𝖼𝖾𝗌.

𝖳𝗁𝖾𝗌𝖾 𝗆𝖺𝗍𝖾𝗋𝗂𝖺𝗅𝗌 𝖺𝗋𝖾 𝗉𝗋𝗈𝗏𝗂𝖽𝖾𝖽 𝖿𝗈𝗋 𝗀𝖾𝗇𝖾𝗋𝖺𝗅 𝗂𝗇𝖿𝗈𝗋𝗆𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝖾𝖽𝗎𝖼𝖺𝗍𝗂𝗈𝗇𝖺𝗅 𝗉𝗎𝗋𝗉𝗈𝗌𝖾𝗌 𝖻𝖺𝗌𝖾𝖽 𝗎𝗉𝗈𝗇 𝗉𝗎𝖻𝗅𝗂𝖼𝗅𝗒 𝖺𝗏𝖺𝗂𝗅𝖺𝖻𝗅𝖾 𝗂𝗇𝖿𝗈𝗋𝗆𝖺𝗍𝗂𝗈𝗇 𝖿𝗋𝗈𝗆 𝗌𝗈𝗎𝗋𝖼𝖾𝗌 𝖻𝖾𝗅𝗂𝖾𝗏𝖾𝖽 𝗍𝗈 𝖻𝖾 𝗋𝖾𝗅𝗂𝖺𝖻𝗅𝖾 — 𝗐𝖾 𝖼𝖺𝗇𝗇𝗈𝗍 𝖺𝗌𝗌𝗎𝗋𝖾 𝗍𝗁𝖾 𝖺𝖼𝖼𝗎𝗋𝖺𝖼𝗒 𝗈𝗋 𝖼𝗈𝗆𝗉𝗅𝖾𝗍𝖾𝗇𝖾𝗌𝗌 𝗈𝖿 𝗍𝗁𝖾𝗌𝖾 𝗆𝖺𝗍𝖾𝗋𝗂𝖺𝗅𝗌. 𝖳𝗁𝖾 𝗂𝗇𝖿𝗈𝗋𝗆𝖺𝗍𝗂𝗈𝗇 𝗂𝗇 𝗍𝗁𝖾𝗌𝖾 𝗆𝖺𝗍𝖾𝗋𝗂𝖺𝗅𝗌 𝗆𝖺𝗒 𝖼𝗁𝖺𝗇𝗀𝖾 𝖺𝗍 𝖺𝗇𝗒 𝗍𝗂𝗆𝖾 𝖺𝗇𝖽 𝗐𝗂𝗍𝗁𝗈𝗎𝗍 𝗇𝗈𝗍𝗂𝖼𝖾.

09/06/2023

𝐈𝐟 𝐈 𝐝𝐞𝐥𝐚𝐲 𝐫𝐞𝐜𝐞𝐢𝐯𝐢𝐧𝐠 𝐒𝐨𝐜𝐢𝐚𝐥 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬, 𝐬𝐡𝐨𝐮𝐥𝐝 𝐈 𝐬𝐭𝐢𝐥𝐥 𝐬𝐢𝐠𝐧 𝐮𝐩 𝐟𝐨𝐫 𝐌𝐞𝐝𝐢𝐜𝐚𝐫𝐞 𝐚𝐭 𝐚𝐠𝐞 𝟔𝟓?

Even if you plan on waiting until full retirement age or later to receive Social Security retirement benefits, consider signing up for Medicare. If you're 65 or older and aren't yet receiving Social Security benefits, you won't be automatically enrolled in Medicare Parts A and B. You can sign up for Medicare when you first become eligible during your seven-month Initial Enrollment Period. This period begins three months before the month you turn 65, includes the month you turn 65, and ends three months after the month you turn 65.

Because Medicare Part A is premium-free for most people, you should consider enrolling in Part A, even if you delay enrolling in Part B. Some people decide not to enroll in Part B when they're first eligible because they have other health coverage through an employer or another source.

The Social Security Administration recommends contacting them to sign up three months before you reach age 65, because signing up early helps you avoid a delay in coverage. For your Medicare coverage to begin the month you turn 65, you must sign up during the three months before the month you turn 65. If you enroll during the month you turn 65 or one to three months after, your coverage will start the first day of the following month. If you don't enroll during your Initial Enrollment Period, you may pay a higher premium for Part B coverage later, unless you qualify for a Special Enrollment Period. To learn more, visit the Medicare website medicare.gov, or call the Social Security Administration at 800-772-1213.

𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞𝐬:

𝖲𝖾𝖼𝗎𝗋𝗂𝗍𝗂𝖾𝗌 𝗈𝖿𝖿𝖾𝗋𝖾𝖽 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝖫𝗂𝗈𝗇 𝖲𝗍𝗋𝖾𝖾𝗍 𝖥𝗂𝗇𝖺𝗇𝖼𝗂𝖺𝗅, 𝖬𝖾𝗆𝖻𝖾𝗋 𝖥𝖨𝖭𝖱𝖠 & 𝖲𝖨𝖯𝖢. 𝖨𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍 𝖺𝖽𝗏𝗂𝗌𝗈𝗋𝗒 𝖲𝖾𝗋𝗏𝗂𝖼𝖾𝗌 𝗈𝖿𝖿𝖾𝗋𝖾𝖽 𝗍𝗁𝗋𝗈𝗎𝗀𝗁 𝖢𝗌𝖾𝗇𝗀𝖾 𝖠𝖽𝗏𝗂𝗌𝗈𝗋𝗒 𝖦𝗋𝗈𝗎𝗉 𝖺𝗇𝖽 𝖢𝗈𝗆𝗉𝖺𝗌𝗌 𝖠𝖽𝗏𝗂𝗌𝗈𝗋𝗒 𝖯𝖺𝗋𝗍𝗇𝖾𝗋𝗌, 𝖽𝖻𝖺 𝖥𝗂𝖽𝖾𝗅𝗂𝗌 𝖥𝗂𝗇𝖺𝗇𝖼𝗂𝖺𝗅 𝖲𝗍𝗋𝖺𝗍𝖾𝗀𝗂𝖾𝗌. 𝖫𝖲𝖥 𝗂𝗌 𝗇𝗈𝗍 𝖺𝗇 𝖺𝖿𝖿𝗂𝗅𝗂𝖺𝗍𝖾𝖽 𝖼𝗈𝗆𝗉𝖺𝗇𝗒.

𝖡𝗋𝗈𝖺𝖽𝗋𝗂𝖽𝗀𝖾 𝖨𝗇𝗏𝖾𝗌𝗍𝗈𝗋 𝖢𝗈𝗆𝗆𝗎𝗇𝗂𝖼𝖺𝗍𝗂𝗈𝗇 𝖲𝗈𝗅𝗎𝗍𝗂𝗈𝗇𝗌, 𝖨𝗇𝖼. 𝖽𝗈𝖾𝗌 𝗇𝗈𝗍 𝗉𝗋𝗈𝗏𝗂𝖽𝖾 𝗂𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍, 𝗍𝖺𝗑, 𝗅𝖾𝗀𝖺𝗅, 𝗈𝗋 𝗋𝖾𝗍𝗂𝗋𝖾𝗆𝖾𝗇𝗍 𝖺𝖽𝗏𝗂𝖼𝖾 𝗈𝗋 𝗋𝖾𝖼𝗈𝗆𝗆𝖾𝗇𝖽𝖺𝗍𝗂𝗈𝗇𝗌. 𝖳𝗁𝖾 𝗂𝗇𝖿𝗈𝗋𝗆𝖺𝗍𝗂𝗈𝗇 𝗉𝗋𝖾𝗌𝖾𝗇𝗍𝖾𝖽 𝗁𝖾𝗋𝖾 𝗂𝗌 𝗇𝗈𝗍 𝗌𝗉𝖾𝖼𝗂𝖿𝗂𝖼 𝗍𝗈 𝖺𝗇𝗒 𝗂𝗇𝖽𝗂𝗏𝗂𝖽𝗎𝖺𝗅'𝗌 𝗉𝖾𝗋𝗌𝗈𝗇𝖺𝗅 𝖼𝗂𝗋𝖼𝗎𝗆𝗌𝗍𝖺𝗇𝖼𝖾𝗌.

𝖳𝗈 𝗍𝗁𝖾 𝖾𝗑𝗍𝖾𝗇𝗍 𝗍𝗁𝖺𝗍 𝗍𝗁𝗂𝗌 𝗆𝖺𝗍𝖾𝗋𝗂𝖺𝗅 𝖼𝗈𝗇𝖼𝖾𝗋𝗇𝗌 𝗍𝖺𝗑 𝗆𝖺𝗍𝗍𝖾𝗋𝗌, 𝗂𝗍 𝗂𝗌 𝗇𝗈𝗍 𝗂𝗇𝗍𝖾𝗇𝖽𝖾𝖽 𝗈𝗋 𝗐𝗋𝗂𝗍𝗍𝖾𝗇 𝗍𝗈 𝖻𝖾 𝗎𝗌𝖾𝖽, 𝖺𝗇𝖽 𝖼𝖺𝗇𝗇𝗈𝗍 𝖻𝖾 𝗎𝗌𝖾𝖽, 𝖻𝗒 𝖺 𝗍𝖺𝗑𝗉𝖺𝗒𝖾𝗋 𝖿𝗈𝗋 𝗍𝗁𝖾 𝗉𝗎𝗋𝗉𝗈𝗌𝖾 𝗈𝖿 𝖺𝗏𝗈𝗂𝖽𝗂𝗇𝗀 𝗉𝖾𝗇𝖺𝗅𝗍𝗂𝖾𝗌 𝗍𝗁𝖺𝗍 𝗆𝖺𝗒 𝖻𝖾 𝗂𝗆𝗉𝗈𝗌𝖾𝖽 𝖻𝗒 𝗅𝖺𝗐. 𝖤𝖺𝖼𝗁 𝗍𝖺𝗑𝗉𝖺𝗒𝖾𝗋 𝗌𝗁𝗈𝗎𝗅𝖽 𝗌𝖾𝖾𝗄 𝗂𝗇𝖽𝖾𝗉𝖾𝗇𝖽𝖾𝗇𝗍 𝖺𝖽𝗏𝗂𝖼𝖾 𝖿𝗋𝗈𝗆 𝖺 𝗍𝖺𝗑 𝗉𝗋𝗈𝖿𝖾𝗌𝗌𝗂𝗈𝗇𝖺𝗅 𝖻𝖺𝗌𝖾𝖽 𝗈𝗇 𝗁𝗂𝗌 𝗈𝗋 𝗁𝖾𝗋 𝗂𝗇𝖽𝗂𝗏𝗂𝖽𝗎𝖺𝗅 𝖼𝗂𝗋𝖼𝗎𝗆𝗌𝗍𝖺𝗇𝖼𝖾𝗌.

𝖳𝗁𝖾𝗌𝖾 𝗆𝖺𝗍𝖾𝗋𝗂𝖺𝗅𝗌 𝖺𝗋𝖾 𝗉𝗋𝗈𝗏𝗂𝖽𝖾𝖽 𝖿𝗈𝗋 𝗀𝖾𝗇𝖾𝗋𝖺𝗅 𝗂𝗇𝖿𝗈𝗋𝗆𝖺𝗍𝗂𝗈𝗇 𝖺𝗇𝖽 𝖾𝖽𝗎𝖼𝖺𝗍𝗂𝗈𝗇𝖺𝗅 𝗉𝗎𝗋𝗉𝗈𝗌𝖾𝗌 𝖻𝖺𝗌𝖾𝖽 𝗎𝗉𝗈𝗇 𝗉𝗎𝖻𝗅𝗂𝖼𝗅𝗒 𝖺𝗏𝖺𝗂𝗅𝖺𝖻𝗅𝖾 𝗂𝗇𝖿𝗈𝗋𝗆𝖺𝗍𝗂𝗈𝗇 𝖿𝗋𝗈𝗆 𝗌𝗈𝗎𝗋𝖼𝖾𝗌 𝖻𝖾𝗅𝗂𝖾𝗏𝖾𝖽 𝗍𝗈 𝖻𝖾 𝗋𝖾𝗅𝗂𝖺𝖻𝗅𝖾 — 𝗐𝖾 𝖼𝖺𝗇𝗇𝗈𝗍 𝖺𝗌𝗌𝗎𝗋𝖾 𝗍𝗁𝖾 𝖺𝖼𝖼𝗎𝗋𝖺𝖼𝗒 𝗈𝗋 𝖼𝗈𝗆𝗉𝗅𝖾𝗍𝖾𝗇𝖾𝗌𝗌 𝗈𝖿 𝗍𝗁𝖾𝗌𝖾 𝗆𝖺𝗍𝖾𝗋𝗂𝖺𝗅𝗌. 𝖳𝗁𝖾 𝗂𝗇𝖿𝗈𝗋𝗆𝖺𝗍𝗂𝗈𝗇 𝗂𝗇 𝗍𝗁𝖾𝗌𝖾 𝗆𝖺𝗍𝖾𝗋𝗂𝖺𝗅𝗌 𝗆𝖺𝗒 𝖼𝗁𝖺𝗇𝗀𝖾 𝖺𝗍 𝖺𝗇𝗒 𝗍𝗂𝗆𝖾 𝖺𝗇𝖽 𝗐𝗂𝗍𝗁𝗈𝗎𝗍 𝗇𝗈𝗍𝗂𝖼𝖾.