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Among the best stories from Retirement Daily for May 6 - 10: The future of Medicare benefits, the latest phone scam, and how to judge fees for variable annuities.

There's no need to panic about the future of Medicare. Bob Powell writes this week that the Medicare Board of Trustees recently released their annual report for Medicare's two separate trust funds -- the Hospital Insurance (HI) trust fund, which funds Medicare Part A, and the Supplementary Medical Insurance (SMI) trust fund, which funds Medicare Part B and D.

And the report found that the HI trust fund will be able to pay full benefits until 2026, the same as last year's report. So, what should current and future Medicare beneficiaries do, given what could be a potential cut in benefits come 2026?

"The bottom line is that current beneficiaries and those who will turn 65 and enter Medicare in the next few years should not let this affect any decisions they would otherwise make," said Kip Piper, the president of Health Results Group. "And they should definitely not panic."

Instead, Piper says current and future Medicare beneficiaries should spend a bit of time each month to learn more about Medicare, what it is and what it isn't, and to become smarter about the program. "You don't need to become an expert," he said. "You don't need to know how to take apart an automobile engine to know how to drive a car. You just need to have a basic understanding so you can make the best decisions for you, have a 'Medicare BS detector' so you are not manipulated, and can vote wisely and not be conned by false promises, scare tactics, or radical proposals."

Read more in Powell's column this week, Don't worry Too Much About the Future of Medicare.

And in case you missed them, here are more great stories from Retirement Daily:

New Retirement Research (May 6 2019)

Here are some of the latest reports, surveys, and studies related to retirement, including research into yield enhancement investment products, Medicare and transportation trends.

New Investments and Products for Retirement (May 7 2019)

The following are new investments that those saving for or living in retirement might consider for their portfolios. This week: A new ETF for investors interested in socially conscious companies.

Retirement Planning For When the Unexpected Occurs

Adviser Sandra Adams lays out a great plan for dealing with the unexpected on the road to -- and through -- retirement.

Beware the One-Ring Phone Scam: Don't Call Back!

According to a new alert released by the Federal Communications Commission, illegal robocallers are going strong. And their goal isn't always getting you to answer -- sometimes it's getting you to call back. The FCC is warning consumers of a "one-ring" phone scam.

Ask Bob: Going From Disability Benefits Back to Work

A reader asks about the process Social Security uses to determine the impact of employment on disability benefits.

Consider the Fees When Considering a Variable Annuity

Adviser Adam Beaty says annuities can be complex and confusing. You should understand the fees, especially for variable annuities.