Oh, the day you can hang up your career and ease into that status you’ve been working toward most of your adult life, the place that brings a smile to your face, your happy place where you no longer answer to an employer, where you set your own schedule—that...
The financial world is filled to the brim with planning—financial planning, estate planning, retirement planning, longevity planning—and that only scratches the surface. With all this focus on planning, there’s almost no discussion about—Parent Planning. Caring for elderly parents is a growing issue in the United States. A survey conducted by...
Planning for retirement. We spend most of our working career preparing for it, saving for it, covering every contingency. When you finally wave goodbye to the company, you’re ready for all that planning to take over. But does your planning take into account the taxes you’ll have to pay...
When Medicare announced a 14.5% increase in 2022 Part B premiums there was shock and outrage. That’s more than double the already skyrocketing inflation rate in the U.S. Medicare said the hefty increase was necessary because they expected a large percentage of Medicare patients would be prescribed a controversial...
“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...
As expected, the Social Security Administration has announced that the 2023 Cost of Living Adjustment (COLA) will be the largest COLA in 42 years, brought on by rampant inflation not seen in more than four decades.   Social Security benefits increase automatically if the Consumer Price Index (CPI-W) which measures price...
For Americans born in the 1970’s and beyond, these are unprecedented times. For most Americans, these are uncertain times. For retirees, whose income is being assaulted by high inflation and loss of purchasing power, it’s unlucky and unfair, making them unhappy and forcing some into unretirement.   According to the Bureau...
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...
Planning for retirement. There’s a lot of work that goes into it. You want to make sure you’ve saved enough, got things paid off if possible. You certainly want to know what your expenses will be so your retirement budget doesn’t blow up. One of the line items with the...