Staying on Track - Financial Freedom

INVESTMENT ADVISORY

We have Digital Portfolios available with a minimum of $5,000.  LPL-Managed Model Portfolios  minimum $10,000. 

Third-Party Managers available starting at $25,000.   Custom Portfolios at $100,000.  

FINANCIAL PLANNING

Financial Planning comes in many shapes and forms.  Whether you need general budgeting and expense management, or if you have lofty goals and wealth accumulation targets, we tailor our services to fit your need and what you want to get accomplished. 

Benefits of Financial Planning        What's Important        Client Questionnaire      Risk Tolerance Questionnaire

Request a Complimentary Financial Planning Initial Consultation

MEDICARE ELIGIBLE AT AGE 65

ASSISTANCE ENROLLING IN MEDICARE

Your 65th birthday marks the date where you are eligible for Medicare.  Beginning three months before your birth month, you may apply for Medicare.

The Traditional Path is a combination of Medicare Part A (hospital coverage), Part B (doctor and medical coverage), Part D (prescription medications), and usually a Medicare Supplement.  Generally, Medicare pays 80% and the supplement pays hospital deductibles and the 20% that Medicare does not pay.  Most people want  Medicare Part A to be effective on the first day of the month of your 65th birthday, unless you contribute to a Health Savings Account (HSA), in which case, you will need to delay Part A until you no longer wish to make HSA contributions.  While Part A is free, Parts B and D have a cost that can be higher than the standard rate based on your income (see Income Related Monthly Adjustment Amounts below).  If you are still working with employer provided insurance, you may want to review your options to see whether it is better to enroll in Parts B and D at the same time you enroll in Part A, or if you want to delay these parts until you retire and discontinue your employer coverage.  With the traditional path, you can see any doctor or use any hospital that accepts Medicare (which is most of them), and you do not need referrals to see specialists.

The Medicare Advantage Path is called Medicare Part C.  Medicare Part C plans still require payment of the Medicare Part B premium, but the Part D prescription drug benefit is included in the Part C plan.  The Medicare Advantage Path is usually less expensive than the traditional path, and many plans have zero premium costs.  However, MA plans usually have networks to navigate, and usually have higher costs when you receive care.

TMiller Financial can provide analyses to help you decide whether you want to maintain your employer's coverage, or if you want to take the traditional Medicare path, or if the Medicare Advantage path is best for you.  Whatever you choose, we can help you make sure you have appropriate health coverage during your retirement years.

 Medicare & You Handbook            Medicare Website            Medicare - Income Related Monthly Adjustment Amounts            BCBS Medicare Supplement Outline of Coverage            BCBS Medicare Plans

Schedule a Complimentary Medicare Consultation

SOCIAL SECURITY BENEFITS

When to begin receiving Social Security benefits is a major life decision that should be thought out and analyzed before pulling that trigger.  Married couples need to review both of their records and situation to determine the most advantageous plan.  Divorcees and widows need to explore spousal options as well.  TMiller Financial can help you understand your options, and help guide you for the appropriate decision for your specific situation.

Social Security Website

SCHEDULE A COMPLIMENTARY SOCIAL SECURITY CONSULTATION

LIFE INSURANCE, DISABILITY, AND LONG-TERM CARE

Life Insurance is important when something has to get paid for, whether you are alive or not.  For example, a parent may want to make sure their income will continue to support their family if they are not alive to produce it, by purchasing a life insurance policy to replace that income.  Life insurance policies can be used to fund Special Needs Trusts, Educational Trusts, as well as other trusts created in estate planning documents.  

Disability Insurance pays a portion of your income if you are unable to work for an extended period because of an illness or injury.  Your most valuable asset isn’t your house, car or retirement account. It’s the ability to make a living.

Long-Term Care Insurance is important to help assure your dignity and self-reliance during a period of time when you cannot take care of yourself.

Schedule a Complimentary Consultation

HEALTH INSURANCE

Health Insurance is the foundation for financial security.  Nobody likes paying for health insurance.  One health event can wipe out your financial security, and if you have a family, can be painful for all.  TMiller Financial believes you cannot afford to be without health insurance.

Health Insurance - Affordable Care Act