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Blooming Tree Wealth Management

Nearing Retirement? Free Workshop on How to Tiptoe Through the Medicare Minefiel

Nothing in life is free, including Medicare. Not only do you pay for it with your taxes throughout your professional career, but you will also have out of pocket health care expenses in retirement. On average, retirees spend from $6,000 - $8,000 annually even with Medicare. Spread out over a 25-30-year retirement, you could end up spending $250,000 on health-related expenses alone.

The thought that Medicare is free is just one of many “mines” you can run into when navigating the Medicare minefield. Before reaching 65, you will need to enroll in Medicare or face a penalty (Open Enrollment begins October 15th). You will have to decide between Original Medicare or Medicare Advantage, and understand how costs are calculated so you can engineer your retirement income.

Blooming Tree Wealth Management felt that there was no better time to host a free virtual workshop and webinar. “Health care costs in retirement are a major expense that take many retirees by surprise,” says BTWM Founder Ryan O’Connell. “Medicare does not cover all health expenses, leaving many retirees unable to afford the care they need or severely underfunded in retirement.”

As one of, if not your biggest expense in retirement, you owe it to yourself to be prepared. Blooming Tree Wealth Management is hosting a free virtual workshop on September 17, 2020, at 5:30 PM. The workshop and presentation, which will take under an hour to complete, is focused on preparing you for health care costs in retirement. The workshop will be led by Ryan O’Connell with special guest Matt Simpson, CRPC. Matt is a Retirement Consultant and Regional Vice President for Allianz Life Financial Services, LLC.

If you are nearing 65, enrolling for Medicare is not a choice – it’s a requirement. If you fail to act on time, you may face costly penalties. Join us for this short virtual workshop to learn what you need to know to make the best decisions possible and to prepare yourself for retirement.

Do you have questions about Medicare? If so, the workshop will be a valuable piece of your retirement puzzle. The workshop will cover the following:

  • How health care coverage works in retirement
  • The impact rising health care and Medicare costs will have on your retirement
  • How to manage rising health care costs

The free workshop will be hosted in partnership with Allianz Life Insurance Company of North America. RSVP by emailing We hope to see you (virtually) on September 17 at 5:30 PM!

Do you want personalized help preparing for retirement now? Contact Ryan O’Connell and the Blooming Tree Wealth Management team today at 309-300-2760.  

Note: All entities are separate and not affiliated with LPL Financial.