Episode 11 of Retire Hour. Matt is in studio with Joshua Cicora, CPA with Market Tax Services, to discuss what medical expenses care be deducted. Medicare Advisor, Bill Vawter tells a story about a client who is eligible for Medicare, is continuing to work where she has group insurance available to her and what are some of the things she needed to consider when deciding how to proceed with her health insurance. Danny Goolsby, financial advisor with Market Advisory Group, talks about a meeting he had this past week with someone who was laid off at work and forced into retirement and how they works with a retirement account she had through her former employer. Estate Planning attorney, Gerald Eidelman goes over what happens when a spouse passes away and how make the best out of the income options you have available to you.
0:00 Intro
1:02 Planning ahead for tax time
1:54 Medical Expenses as Itemized Deductions
4:00 Medical Expenses Floor
8:41 Itemized Deductions Guessing Game
16:53 Early retirement Medicare v Group Insurance
21:35 Waiting periods and pre-existing conditions
27:07 Early retirement and 401(k)
29:20 Target Funds
30:29 Quantifying Risk
35:09 Dialing in Risk
41:25 Losing a spouse during retirement
41:45 Social Security Survivor's Insurance
42:00 SSSI Eligibility
44:44 It's not one size fits all
48:31 Beneficiaries
