Dealing with aged parents

We are back again after a trip to hell.  Being retired we though it would be nice to go back to the UK and take care of my parents who are now in their 90’s with my father who now  has dementia.  After some thought we decided it would be a better idea to find our own place to stay nearby. We found a small single room converted granary barn.  This barn was on stilts about 2 ft off the ground.  Which meant it had some steps. These steps were very steep. Barbara slipped on these steps and fell and broke her shoulder just bellow the joint. This was so bad we had to return to the USA  for an operation to put a metal plate in her arm to repair the break.

Front runner Baby Boomers

As we were!

As a front runner of the Baby-Boomer generation I want to create a hang out for fellow Boomers, both male and female, to discuss relevant problems and solutions for our generation.   This section is new and will be about Boomer lifestyle and relevant subjects. Please leave comments on what you would like to see on this site about our Boomer generation.

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Planning your retirement a must

As a Boomer you must plan for your retirement.

The last half of my career I was planning to retire early but did not know if financially I could make it. The job was fun and enjoyable but the office politics were brutal. That part I did not enjoy. Well I finally retired early at 59 1/2 but it was more due to a stroke of luck. I worked in the entertainment industry which is heavily unionized. While talking to a fellow engineer who was the type to know the union contract better than a lawyer, he mentioned he was retiring early at 60.

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Start researching your retirement Medicare.

Last night we went to a local seminar about Medicare. This was given by our local senior center. Check your local city for these senior centers in your area as they have information on all your local senior activity’s.  Do not forget a lot of breakfast dinners offer senior discounts, but you have to ask?

Now I thought Medicare would be simple but after this seminar I found there are at present  4 parts, A, B, C, and D

  • A  — This is basically covers your Hospitalization cost with some copay.
  • B —  This is basically for Doctor and out patient fees, with some copay. This part cost you a monthly fee.
  • C —  This is what they call Medicare Advantage. Further info to follow.
  • D —  This is the prescription drug, with some copay.

I suggest you contact Medicare.gov for information and study it well as there seems to be a lot of gotcha!  Part  A seems to be free if you have paid a certain amount into the system  I found that in part B you have to pay a monthly fee which is deducted from your Social Security. Now if you live abroad and do not sign up for part B to save the monthly fee. When and if you return and sign up your fee is raised by 10% per year for every year you did not sign up. This new rate is now your rate set going forward not including cost of living raises.

We decided not to put in what the fees are in this post as things change and it would be best for you to find out from Medicare directly what your cost will be.

So we suggest you really start to read and study your Medicare system because one simple mistake will cost you for life.

If you are having problems with medicare then you can contact HICAP in California.

HICAP (Health Insurance Counseling and Advocacy Program) provides free and objective information and counseling about Medicare. Volunteer counselors can help you understand your specific rights and health care options. HICAP also offers free educational presentations to groups of Medicare beneficiaries, their families and/or providers on a variety of Medicare and other health insurance related topics.

You can find a similar organization by contacting your States insurance department

Good luck 2BRetired.