Since
the passage of the Affordable Care Act (ACA) in 2010, health insurance has
become a four-letter word. There is an unending search to find the best
coverage with the most benefits at the best price. It’s hard to wade through
the swamp of legitimate plans and protect yourself from the quickly morphing
supply...
Ah,
for the good old days when the retirement formula was simple. Get a job. Retire
at 65. Go home and collect your pension. But those days are long gone. Pension
benefits became too expensive for companies to maintain. They cancelled the plans, started matching
contributions to 401(k)s and pushed the burden of...
At
the beginning of every year, Americans receiving benefits from Social Security
and Medicare find out what changes have taken place and what it means to their
bottom line. This year is no exception. For 2019, Social Security recipients
get the biggest annual raise they’ve had for quite a while. Some higher-income
workers will...
Well it's that time of year again. Time to make your New Year's resolutions and get things back on track. January is as good a month as any to get started on a more disciplined and fulfilling path. Getting physically and fiscally fit both require similar approaches. You need...
Gray
divorce. Silver Splitter. Diamond Divorcee. They’re all names indicating a
growing divorce rate among older couples. While overall divorce rates in the
U.S. remained stable between 1990 and 2010, gray divorce, or divorce among
spouses age 50 and older, doubled
during the same time period. According to a study
from Bowling Green State University,...
With the end of the year in sight, lots of plans are being made—what gifts to buy, what the menu will be, and how to shed the extra weight that will inevitably be acquired. But part of your holiday planning needs to include a year-end investment checkup so you...
It’s a name change, but a necessary one. What we’ve always called Retirement Planning is quickly becoming Longevity Planning as Americans live longer because of better lifestyles and improvements in medicine.
My own family is a perfect example. My great-grandfather died when he was 65. My grandfather was 82 when...
Anyone 70 ½ years old or older with an IRA has discovered the pesky government requirement that forces you to take money out of your IRA whether you want to or not. The annual required minimum distribution is the government’s way of saying, “You haven’t paid taxes on your...