Core Insights - The article emphasizes the importance of retirees making strategic financial decisions before the end of 2025 to optimize their wealth and savings [1] Group 1: Medicare Open Enrollment - Medicare Open Enrollment runs from October 15 to December 7, providing retirees an opportunity to select the most suitable Medicare plan for their health and financial needs [3] - Retirees are advised to compare Medicare Advantage and Part D plans to effectively manage healthcare costs [3] - It is crucial for retirees to assess the total costs of premiums, deductibles, and drug tiers, ensuring their healthcare providers are within the plan's network to avoid unexpected expenses [4] Group 2: Chronic Special Needs Plans - Retirees with chronic conditions, such as diabetes, may qualify for Chronic Special Needs Plans (C-SNP), which can help reduce prescription medication costs [5] - These plans also offer additional benefits, including lifestyle programs aimed at improving nutrition and exercise, thereby enhancing retirees' overall well-being [6] Group 3: Retirement Income Evaluation - The final months of the year should be used to reassess how various sources of retirement income, including Social Security, investments, annuities, and pensions, are functioning together to support retirees' lifestyles [8]