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A pension is a type of retirement savings plan in which an employer sets aside funds for employees’ future income in retirement. This income is provided regularly, typically monthly. It’s a form of deferred compensation, meaning the benefits accrue over time, typically based on years of service with the employer.

Every year, the Medicare Open Enrollment period, also known as the Annual Election Period (AEP), takes place from October 15th to December 7th. This period allows current Medicare beneficiaries to assess their healthcare needs and revise their coverage accordingly. These dates remain consistent every year.

Financial Planning Month is celebrated every year in October. It is designed to raise awareness about the importance of creating a comprehensive financial plan. Launched by financial professionals globally, this initiative aims to encourage individuals to pay closer attention to their financial health, make necessary adjustments, and create a plan to guide them.