PLANADVISER - July/August 2022 - 13

Johnson, an assistant professor at the College for Financial Planning and a part-time
instructor at UCLA, Boston University and Kaplan University, advises clients to lower this
income before they turn 65. He suggests using tax-advantaged planning such as taking
earnings out of a brokerage account instead of an IRA to receive the lower tax rate.
" [That] money is taxed at capital gains rates, " Johnson explains. " A common strategy
is to liquidate stocks that have a higher cost basis, [to minimize] capital gains tax. "
He says this kind of tax planning should also be considered as retirees approach 65-
when they become eligible for Medicare-to keep the cost of their premiums down. He
notes that the government looks at a retiree's modified adjusted gross income from two
years before the person turns 65, to determine Medicare Part B premiums.
For those who qualify for cost-sharing reductions, the amount saved on out-of-pocket
costs ultimately depends on their specific income estimate. Generally, the lower the
income within the range, the more they will save.
Short-Term Solutions
Short-term medical plans can also be a more affordable option for those who retire before
becoming eligible for Medicare, or who have enrolled in insurance yet to take effect, says
Jeff Smedsrud, co-founder of Healthcare.com.
Because short-term medical plans fall outside of the Affordable Care Act, they are
not restricted by an open enrollment period and may be signed up for any time of the
year. However, this also means they are not required to cover preexisting conditions or
to include the 10 essential benefits that the ACA stipulates. Therefore, this is likely a
better option for those who are healthy. Wherever the retiree's insurance comes from,
Smedsrud says, what is important is being insured. -Ed McCarthy
talking points
Do You Want to Live to 100?
Gen Z
72%
Millennials
74%
Gen X
67%
Boomers
62%
Silent Gen
74%
The main reason people gave for wanting to join the
centenarian club was to spend more time with family and
friends. Some said they'd turn down living that long if
they had to suffer terrible health.
Source: Edward Jones/Age Wave/The Harris Poll, " Longevity and the New Journey of Retirement "
Back to Work
In May, after rising steadily since January, the rate of
unretirement-a return to the workforce among those
who had reported being retired-reached its highest
level in more than a decade.
Source: The New School Schwartz Center for Economic Policy Analysis, " Older Workers Report "
ON THE MOVE
➜ Julija Kod joined
Wilshire as senior vice
president of the institutional
client solutions
team.
➜ Daniel Yem joined
J.P. Morgan Asset
Management as a
senior investment
specialist to support
the firm's retirement
solutions team.
➜ OneAmerica
hired Barbara Lewis
as head of business
development, a new
retirement services
leadership position.
➜ Lockton appointed
M. Machua Millett as
chief innovation officer
and alternative investment
practice leader
within its Lockton
Financial Services unit.
➜ Morgan Stanley
at Work acquired
American Financial
Systems, a provider of
nonqualified executive
benefit plan solutions
and services.
➜ Lincoln Financial
Group appointed
Amber Williams, senior
vice president and
head of client investment
strategies, as
the firm's chief sustainability
officer.
planadviser.com July-August 2022 | 13
➜
http://www.Healthcare.com http://www.planadviser.com

PLANADVISER - July/August 2022

Table of Contents for the Digital Edition of PLANADVISER - July/August 2022

Balancing Act
Greater Access
Previewing Plan Features
A Different Way to Save
Next-Level Options
New Territory for Income?
Compliance for Wealth Managers
If Caught Off Guard by A Failure
Larry E. Crocker
PLANADVISER - July/August 2022 - C1
PLANADVISER - July/August 2022 - FC1
PLANADVISER - July/August 2022 - FC2
PLANADVISER - July/August 2022 - C2
PLANADVISER - July/August 2022 - 1
PLANADVISER - July/August 2022 - 2
PLANADVISER - July/August 2022 - 3
PLANADVISER - July/August 2022 - 4
PLANADVISER - July/August 2022 - 5
PLANADVISER - July/August 2022 - 6
PLANADVISER - July/August 2022 - 7
PLANADVISER - July/August 2022 - 8
PLANADVISER - July/August 2022 - 9
PLANADVISER - July/August 2022 - 10
PLANADVISER - July/August 2022 - 11
PLANADVISER - July/August 2022 - 12
PLANADVISER - July/August 2022 - 13
PLANADVISER - July/August 2022 - 14
PLANADVISER - July/August 2022 - 15
PLANADVISER - July/August 2022 - Balancing Act
PLANADVISER - July/August 2022 - 17
PLANADVISER - July/August 2022 - 18
PLANADVISER - July/August 2022 - 19
PLANADVISER - July/August 2022 - Greater Access
PLANADVISER - July/August 2022 - 21
PLANADVISER - July/August 2022 - 22
PLANADVISER - July/August 2022 - 23
PLANADVISER - July/August 2022 - Previewing Plan Features
PLANADVISER - July/August 2022 - 25
PLANADVISER - July/August 2022 - 26
PLANADVISER - July/August 2022 - 27
PLANADVISER - July/August 2022 - A Different Way to Save
PLANADVISER - July/August 2022 - 29
PLANADVISER - July/August 2022 - 30
PLANADVISER - July/August 2022 - 31
PLANADVISER - July/August 2022 - Next-Level Options
PLANADVISER - July/August 2022 - 33
PLANADVISER - July/August 2022 - 34
PLANADVISER - July/August 2022 - 35
PLANADVISER - July/August 2022 - New Territory for Income?
PLANADVISER - July/August 2022 - 37
PLANADVISER - July/August 2022 - Compliance for Wealth Managers
PLANADVISER - July/August 2022 - If Caught Off Guard by A Failure
PLANADVISER - July/August 2022 - Larry E. Crocker
PLANADVISER - July/August 2022 - Cover3
PLANADVISER - July/August 2022 - Cover4
https://www.planadviserdigital.com/planadviser/july_august_2022
https://www.planadviserdigital.com/planadviser/may_june_2022
https://www.planadviserdigital.com/planadviser/industry_leader_awards_2022
https://www.planadviserdigital.com/planadviser/march_april_2022
https://www.planadviserdigital.com/planadviser/january_february_2022
https://www.planadviserdigital.com/planadviser/november_december_2021
https://www.planadviserdigital.com/planadviser/september_october_2021
https://www.planadviserdigital.com/planadviser/july_august_2021
https://www.planadviserdigital.com/planadviser/may_june_2021
https://www.planadviserdigital.com/planadviser/march_april_2021
https://www.planadviserdigital.com/planadviser/january_february_2021
https://www.planadviserdigital.com/planadviser/november_december_2020
https://www.planadviserdigital.com/planadviser/september_october_2020
https://www.planadviserdigital.com/planadviser/july_august_2020
https://www.planadviserdigital.com/planadviser/may_june_2020
https://www.planadviserdigital.com/planadviser/march_april_2020
https://www.planadviserdigital.com/planadviser/january_february_2020
https://www.planadviserdigital.com/planadviser/november_december_2019
https://www.planadviserdigital.com/planadviser/september_october_2019
https://www.planadviserdigital.com/planadviser/july_august_2019
https://www.planadviserdigital.com/planadviser/may_june_2019
https://www.planadviserdigital.com/planadviser/march_april_2019
https://www.planadviserdigital.com/planadviser/january_february_2019
https://www.planadviserdigital.com/planadviser/november_december_2018
https://www.planadviserdigital.com/planadviser/september_october_2018
https://www.planadviserdigital.com/planadviser/july_august_2018
https://www.planadviserdigital.com/planadviser/may_june_2018
https://www.planadviserdigital.com/planadviser/march_april_2018
https://www.planadviserdigital.com/planadviser/january_february_2018
https://www.planadviserdigital.com/planadviser/november_december_2017
https://www.planadviserdigital.com/planadviser/september_october_2017
https://www.planadviserdigital.com/planadviser/july_august_2017
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