Tag: Adam Scott
Turning 65: The Vital Action Steps (Ep. 36)

Turning 65: The Vital Action Steps (Ep. 36)

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Turning 65 is more than a milestone. It’s a financial and healthcare turning point that demands action.

In this episode, Adam Scott, CFP®, shares the essential decisions you must make around Medicare as you turn 65, from enrollment timelines to cost-saving strategies. 

With personal anecdotes and professional insights, Adam demystifies Parts A, B, C, and D, discusses common missteps, and explains how Medicare ties into employer and retiree health plans. Whether you’re still working, semi-retired, or fully retired, this episode breaks down what really matters at 65.

Adam discusses:

  • Medicare enrollment timelines, how to apply, and why timing is critical to avoid penalties
  • The differences between Medicare Parts A, B, C (Advantage), D (prescription), and Medigap
  • How existing retiree or employer health plans interact with Medicare
  • Mistakes to avoid, like enrolling in the wrong plan, or skipping enrollment when required
  • The cost implications of Medicare based on income and the potential loss of HSA eligibility

Resources:

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Optimizing your MPI Pension Plan with CEO David Asplund (Ep. 31)

Optimizing your MPI Pension Plan with CEO David Asplund (Ep. 31)

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How can Entertainment Industry members best ensure financial stability in retirement? 

Understand how the Motion Picture Industry and Health Plans work as this episode explores the benefits, strategies, and vital decisions shaping retirement for industry members.

Adam Scott, CFP® interviews David Asplund, CEO of the Motion Picture Pension and Health Plan, who explains the robust framework supporting financial and healthcare security for entertainment professionals. David addresses common misconceptions, clarifies plan options, and emphasizes the importance of informed retirement planning.

David discusses:

  • The difference between the pension plan and the individual account plan (IAP) and how both benefit retirees
  • How residuals act as a financial safety net, ensuring stability during challenging times
  • The health-only retirement option that provides coverage without tapping into pension funds
  • The role of accurate work-hour predictions in sustaining the financial health of the plans
  • How industry trends like strikes and new media residuals impact the funding and future of the plan
  • And more!

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About Our Guest: 

David Asplund is the CEO of the Motion Picture Pension and Health Plan, where he oversees the financial and operational management of retirement and healthcare benefits for professionals in the entertainment industry. With extensive experience in finance and plan administration, David is dedicated to work on the long-term stability and success of these critical programs. His leadership focuses on delivering robust resources, educating plan participants, and adapting to the evolving needs of the industry.

The information presented here is general, high-level, and educational in nature. Please see the Plans’ Trust Documents and the Summary Plan Description (“SPD”) for the complete set of rules that cover the Plans. In case of any inadvertent errors, the rules defined in the Trust Documents and SPDs will govern.

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