News Updates

By Dana Cutter
17 Jan 2010

Wall Street Journal Got It All Wrong: You Can Avoid Medicare Penalties!

Wall Street Journal and MedicareI recently read an article by Anne Tergesen of the Wall Street Journal that demonstrated a clear misunderstanding of your rights when enrolling in Medicare if you decided to work past the age of 65: "Retirees Snared by Medicare, As People Work Longer they Risk Penalties for Missing Medicare Deadlines." 

Technically she is correct, if you plan to postpone enrollment in Medicare Part B and Medicare Part D - you may face some stiff penalties if you are not aware of the rules. You may even face being uninsured.  Since she decided to sensationalize a few examples where people where misled, I felt it was important to be absolutely clear, if you plan to work past the age of 65 and continue to receive health insurance from your employer - you will NOT be penalized by Medicare when you are ready to retire and enroll in Medicare.

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By Dana Cutter
31 Jul 2009

Considering a Reverse Mortgage - 10 Things You Should Know

Reverse MortgageSince your home is probably your largest single investment, it's smart to know more about reverse mortgages, and decide if it is right for you. The Department of Housing and Urban Development (HUD) insurers these loans through its Federal Housing Administration (FHA).  Medicare Sherpa compiled our "10 things you should know about reverse mortgages" from the FHA. This simple formula may put thousands in your pocket today -

More Valuable the Home + the Older You Are + the Lower the Interest = the More You Can Borrow

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