7 Things Medicare Doesn't Cover, How to Beat Retirement Fears, Smart Estate Planning Moves

Eight Ways Seniors Can Save on Car Insurance | Pros and Cons of Waiting Until 70 to Claim Social Security | What Does Medicare Not Cover? Seven Things You Should Know Created for {EMAIL} | [Web Version]( May 13, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Insurance [] [Eight Ways Seniors Can Save on Car Insurance]( [Eight Ways Seniors Can Save on Car Insurance]( (Getty Images) [Car insurance]( companies usually offer lower rates for drivers between 45 to 55 years old, but drivers 75 and older should expect to pay more. Here's what you need to know about [car insurance as you get older](. [] Social Security [] [Pros and Cons of Waiting Until 70 to Claim Social Security]( [Pros and Cons of Waiting Until 70 to Claim Social Security]( (Getty Images) [Waiting until 70 to file for Social Security benefits]( comes with a higher check, but there could be financial consequences to consider for you and your family, writes [elder law]( attorney Patrick M. Simasko, J.D. [3 Key Power Grid Solutions To Invest In]( Unlock growth potential in utility stocks. Tap into the smart grid revolution for consistent dividends and resilient investments. [READ MORE]( ADVERTISEMENT [] Medicare Expenses [] [What Does Medicare Not Cover? Seven Things You Should Know]( [What Does Medicare Not Cover? Seven Things You Should Know]( (Getty Images) Here's a closer look at [what isn't covered by traditional Medicare](, plus information about supplemental insurance policies, [Medicare]( Advantage and strategies that can help cover the additional costs. Don't end up with unexpected medical bills in retirement. [] Your Legacy [] [13 Smart Estate Planning Moves]( [13 Smart Estate Planning Moves]( (Getty Images) How can you save as much as possible on fees and taxes and [preserve the most for the people you leave behind](? Consider these 13 estate-planning moves, which may be as simple as designating a different [IRA beneficiary]( or as complex as setting up a trust. [Get the Most Out of Your Retirement Savings]( Making your savings last and keeping your taxes low takes planning and attention. We can help you save time and earn more. Vanguard Personal Advisor is built to provide you an ongoing collaboration with our professional advisors — no matter where you are in your journey. [LEARN MORE]( ADVERTISEMENT Featured Content Sponsored Content from Kiplinger Retirement Planning 2024 [Plan and enjoy a worry-free retirement.]( Whether you've already left the workforce or you're just beginning to think about it, [Kiplinger Retirement Planning 2024]( will show you how to maximize your 401(k), select top-performing investments, get the most from Social Security, protect your estate, ensure affordable top-notch health care and much more. [Click to see table of contents.]( [] Veteran Benefits [] [Guide to Military Benefits for Retirement, Pay and Savings]( [Guide to Military Benefits for Retirement, Pay and Savings]( (Getty Images) Benefits for those who serve in the [U.S. military]( can sometimes be complex and confusing. Financial adviser Zach Mindel, a specialist in veteran benefits, explains [how former service members can optimize key perks](. [What's the Best Way to Lower RMD Taxes?]( If you have tax-deferred retirement accounts, you'll need to take required minimum distributions (RMDs) eventually. If not properly planned for, these distributions could take a tax toll on your retirement nest egg. Check out these 6 strategies to help potentially lower your tax bill. [Learn more]( ADVERTISEMENT [] Retirement Mindset [] [How to Overcome Your Fear and Enjoy Retirement]( [How to Overcome Your Fear and Enjoy Retirement]( (Getty Images) Many seniors and [even younger Americans are afraid to retire](, even when they have a well-funded nest egg. Learn how to separate reality from fiction, so you can really [enjoy your well-deserved golden years](. [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [File By May 17 for $1 Billion in Unclaimed IRS Tax Refunds]( Millions of people have an unclaimed tax refund from four years ago waiting for them at the IRS but don't know it. [What to Know About CD Ladders, A Flexible Way to Save]( If you're looking for a flexible way to save, but still want to take advantage of high interest rates, building a CD ladder could help. [Sign up free for A Step Ahead: Guidance on how to navigate today's challenges to business, the economy, and financial markets.]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](mailto:alerts@kiplinger.com) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036