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Medicare is health insurance for individuals who are 65 and older, under 65 with certain disabilities, or those who have End-Stage Renal Disease (ESRD). The 2021 Medicare annual open enrollment period for Medicare Advantage and Part D prescription plans begins Oct. 15, 2020 and runs through December 7, 2020. You can change your Medicare Advantage and Part D plans without special enrollment requirements. If you are applying for Medicare for the first time:

Baron Financial Team Answers Questions About “Your Personal Economy” There are 3 things to consider when planning for an early retirement: Life Expectancy Social Security Health Insurance Watch our video here to learn more:

Nicholas Scheibner is quoted on this topic in two separate articles in NJMoneyHelp.com by Karin Price Mueller, originally published on June 1, 2020 and July 6, 2020. Can you borrow from your Social Security? Can I get my spouses’ Social Security when they pass away? Even from my ex-spouse?

Start the new decade with a fresh look at your financials. Here is a checklist to get you started:

What is the best age to file for your Social Security? There are many factors to consider when planning to maximize your benefit, including your specific situation. Watch our 2 1/2 -minute video to learn more about what factors to consider.

Medicare Consultant and guest presenter Mary Jean Cullen (MedicareAssist, LLC) answers the most frequently asked questions about Medicare. Baron Financial Group’s Investment Committee answers questions about Social Security and discusses how the media can influence your ideas about investing.

There are important questions at certain ages that you should keep in mind on your journey. Your options for Retirement and Financial Planning need to be given very serious thought and examination. You need to identify your goals, explore your options, and test for the unexpected.

If you began taking Social Security before full-retirement age and are looking to postpone payments until a later time, there is a solution: the 1-year payback rule.

Phone scams and particularly Social Security phone scams have been in the news recently. If you are looking for ways to protect your information, here is a list of some common red flags and what to do from AARP (formerly American Association of Retired Persons). To learn more, read AARP’s article on Social Security Scams.

1. Turning wealth into income – creating a total return strategy that produces a continuous paycheck just like you had when you were employed 2. Revising your investment strategy – which was successful for the accumulation phase but may not work as well now during the distribution phase 3. Protecting against new risks and concerns...

A 30-second read by Nicholas Scheibner: Social Security will begin increasing payments beginning in January of 2019. Why did this happen - because October 11th is the date when the U.S. Bureau of Labor Statistics releases its report of inflation. Social Security uses the Bureau of Labor Statistics’ Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) as their measure of inflation.

You may have read that hackers broke into the Equifax database and stole personal information tied to 143 million people. Ongoing updates from Equifax about this incident are available at equifaxsecurity2017.com Baron Financial does not use Equifax for any services, but we are sharing this information for educational purposes. Equifax is one of the three main credit reporting agencies. They collect and maintain individual credit information and sell it to lenders, creditors, and consumers in the form of a credit report. What you should consider doing now: