Retired 4 months ago collect S S ,have Medicare and va health benefits,am in good health,should I still enrow in a Medicare part d or c ,and saved 620 401 k ,is 2000 a month a safe withdraw

Terry Says:   OK, I appreciate the brevity of your question (!) but I would need a lot more info to give you any advice!  How about starting with your age?  And your family situation?  And then the amount of money you need to spend every month to maintain your lifestyle?  And your life expectancy (go to www.livingto100.com to get an estimate!)  You should probably talk to a Certified Financial Planner (www.cfpboard.org) to get specific advice about your investments/withdrawals.  Or if your money is at a place like Fidelity, Vanguard or T. Rowe Price they will give you a complete plan for investing/withdrawing to make your money last as long as you do.

But you definitely must buy a Medicare supplement within 6 months of starting Medicare.  Within those 6 months you can buy the best coverage and cannot be turned down for medical reasons.  So do that first.  And you are also required to have Medicare Part D, the drug program — even if you are currently not taking any medicines.  Go to www.Medicare.gov to learn more — and to choose both an appropriate supplement and a Part D plan.  It’s really easy on their website.

Don’t be overwhelmed — but don’t duck these responsibilities.  Now that you’re retired you can make this a priority!

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