Ouch! The worst inflation in more than 40 years is inflicting pain on virtually every American, effecting their families, their budgets and their decisions.   The U.S. Department of Agriculture says inflation at the grocery store is 10.4% from June 2021 to June 2022. 41% of shoppers are now buying store...
You’re planning for retirement. You’ve got visions of what you want it to be—the traveling you’ll do, taking up a hobby you’ve never had time for, volunteering with a charity that’s dear to your heart. You’ve got a comprehensive plan that accounts for retirement income, taxes, and even things...
What a crazy housing market! Skyrocketing prices, no haggling on the asking price, and bidding wars that create offers way above the asking price. It’s almost become a national pastime waiting for the monthly Zillow estimate to arrive to see what your home is worth now. Yes, if you’re...
Looking into a crystal ball and prognosticating the future is always a risky endeavor, but when it comes to Social Security and the year 2023 there are 4 things that have a high probability of happening.   Cost of Living Increase In 2022, Social Security recipients received a 5.9% cost-of-living adjustment (COLA)....
Alhambra's Bob Williams explains Social Security Cost of Living Adjustments and their effect on the Survivor Benefit.
Health Savings Accounts (HSA) for retired folks. Isn’t that a novel idea? But it’s being considered in Congress—The Health Savings for Seniors Act, H.R. 3796.   As it stands right now, the only people eligible for an HSA are those aged 65 years and younger who have a high-deductible health insurance...
After 40 years, a new chapter is being written in the saga of high inflation. Some of us are old enough to remember the ugly story the last time in happened. But for millions of Americans, this is their first rodeo. As the price of everything has gone through...
In 2022, Social Security recipients got a 5.9% cost-of-living adjustment (COLA). That was the largest increase in 40 years. The COLA coming in 2023 may be even bigger.   Social Security calculates cost-of-living increases based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from...
If you have a Health Savings Account (HSA), there’s good news and there’s bad news for next year. The good news—in 2023 you’ll be able to contribute more than you have in the past. The bad news—the higher contribution limits are because of the highest inflation rate in more...
“Tower, this is Bill. I’m on the final approach to retirement and need landing instructions. Do you copy?” “Roger, Bill. Sending course corrections now. Then you are clear to land.”   Retirement is not something that just happens when you tell your employer goodbye and walk out the door. It’s a constant...