Medicare is one of the hardest federal programs to browse, a labyrinth of confusing choices, odd deadlines, and possible penalties. Yet it's critically important for everybody, even if you're simply starting out in your career, to understand it. On this episode, Susan Hirshman, director of wealth management at the Schwab Center for Financial Research and a Medicare specialist, joins host Mike Townsend to assist demystify Medicare for listeners. Noting that nearly everyone pays into Medicare from their extremely first job, Hirshman goes over how Medicare needs to be part of your financial plan throughout your life– not ideal before you turn 65. She shares insight on the key options and due dates in Medicare, how to determine which Medicare option is right for you, the value of long-lasting care insurance and health cost savings accounts to supplement Medicare, and how to avoid typical errors..

Mike likewise shares his most current updates from Washington, consisting of the president's new budget plan proposition, the recent vote in your house of Representatives that could lead to prohibiting the popular social networks app TikTok, and the court battle that has put a temporary stop to the SEC's controversial new environment danger disclosure rule.

WashingtonWise is an initial podcast for investors from Charles Schwab (). For more on the series, go to Schwab.com/ WashingtonWise ().

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