​You’ve likely been paying into the Medicare system your entire career. If you’re approaching retirement, you’ll soon enjoy the benefits that come from all those payments. Generally, Medicare is available starting at your 65th birthday, although some forms of coverage may be started later.

Medicare was originally implemented to cover hospitalizations. However, other forms of protection have been added over time. Today, Medicare offers a robust menu of options and choices, each of which covers different services and comes with varying premiums, deductibles and copays.
 
Many new retirees are overwhelmed by Medicare options. However, it’s important to review your choices and analyze your needs. By choosing the right protection package, you can minimize the impact health care has on your retirement assets.

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​Are you one of the millions of Americans with insufficient life insurance protection? There’s a broad range of reasons why people carry less insurance than they need. However, the fact is an insufficient coverage amount could lead to financial difficulties for your dependents and loved ones if you unexpectedly pass away.
 
Below are a few of the common beliefs and myths that keep some people from purchasing additional insurance. Do any of these ideas sound familiar? If so, now may be the time to reassess your life insurance strategy and explore additional coverage options.
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​Worried that you won’t have enough money for retirement? If so, you’re not alone. According to a recent study from Gallup, retirement is a major worry for many Americans. The study found that 54 percent of respondents were worried that they won’t have enough money to fund their retirement.1
 
There could be good reason for concern. A study from the Economic Policy Institute found that the average American adult has less than $100,000 saved for retirement.2 While that’s a sizable sum, it’s far short of the amount many retirees need to live comfortably.
 
The good news is that it’s never too late to correct course and boost your savings. By making a few changes to your savings strategy, you could significantly improve your odds of funding your ideal retirement. Below are three tips to help you increase and protect your retirement savings: