Why You Practically Need a PhD in Retirement

Barron's Retirement

By Elizabeth O'Brien | Sunday, March 8

In this country, it often feels like you need a PhD in retirement. Social Security claiming strategies, RMD calculations, and Medicare enrollment–not simple stuff! Add prescription drug coverage to the list of topics that require higher-order reasoning. Not only do you need to decide the best Part D drug plan for your needs, but you also have to figure out the cheapest way to fill your prescription.

That's easier said than done these days, with the availability of all manner of drug discount sites, including the new TrumpRx. Sometimes you get the best deal bypassing your insurance and paying cash. Most of the time, your Part D plan will give you the best price. Unfortunately, you need to do the math on a prescription- by-prescription basis to determine the most cost-effective option.

Learn more about how to navigate the prescription drug maze in today's edition.

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