No matter your belief structure, or whether you’re reluctant to admit your own mortality, it’s a fact that none of us will live forever. And since no one knows if their demise will happen quickly or be proceeded by a lengthy illness, it’s good to be as...
How many times have we heard, “Give to Caesar what belongs to Caesar”? Ok, but if you carry that line of thinking a little farther, don’t give Caesar, or the IRS, MORE than they’re supposed to get. If something is in the IRS code, and...
It sounds crazy, but if you’re healthy you probably need to save more for retirement than people with a battery of health issues. Why? Statistically, people who are healthy will live longer. That means more years paying for healthcare in a system where costs continue to increase exponentially. So, the longer you...
It’s the end of an era, at least for Baby Boomers. Some have already retired; many more can see the finish line of their working years. For Boomers with highly appreciated company stock in their 401(k) a major decision is whether to do an IRA rollover, leave the money in the...
There’s a common misconception that Medicare is a simple, automatic process when you turn 65. Nothing could be further from the truth. The responsibility to enroll is on your shoulders, and if you miss deadlines or don’t enroll in just the right way, you can incur penalties that will...
Knowing the various Social Security benefits available to you and the best time to claim those benefits can be a challenge. It requires research on your part, because many people are getting incorrect information from Social Security representatives, as noted in an audit by the Social Security Administration’s Office of the Inspector...
I’ve been telling you for a while that some people who bill themselves as financial advisors are really financial salespeople, which begs the question, “Are they really acting in your best interest?” Apparently, the federal government now agrees with me. It’s become popular for brokers to market themselves as...
Just the thought of retirement is fraught with what-ifs. What if I live 30 or 40 years after I retire? What if I run out of money? What if I need long term care? But the retirement issue almost no one talks about is Senior depression. It’s usually underdiagnosed,...