Ross Blair is the founder and Chief Executive Officer of eHealthMedicare.com, a website that makes it easier for seniors and their caregivers to select and enroll in the best Medicare products for their specific needs.
Each year, the Centers for Medicare and Medicaid Services (CMS) offers an open enrollment period for Medicare Advantage Plans from January 1 through March 31. During this period, seniors can switch Advantage Plans or return to Original Medicare.
The "4 percent rule," has taught retirees that if they spend no more than 4 percent of their nest egg each year, their savings will last 30 years. But, the rule may need some adjustment, in light of today's economic reality.