Among America’s older population there is a growing concern about the state of their retirement and many are choosing to stay in the workforce much longer. In a previous article I listed concerns of older workers about whether they will ever be able to retire; concerns that include whether...
It’s not uncommon to see the flashing lights and hear the blaring siren of an ambulance rushing to someone’s aid or transporting them to the hospital for emergency treatment. And no matter whether the ambulance is operated by a private company or a government entity, they are an important...
Like most people, I don’t want to pay more taxes than necessary. That common-sense approach to money began when I got my first job at the age of 13. I was paid $1.50/hour, slightly above the $1.30 minimum wage. I calculated exactly how much my first paycheck would be....
Being
elderly in America has more than its share of issues—affording proper
healthcare, being forced to work much longer because of the need for health
insurance or not having saved enough for retirement. Now, throw one more financial
demon into the mix. More and more elders are being forced into bankruptcy.
In 1991, elder...
Alhambra's Bob Williams answers the question of whether Social Security Spousal Benefits are affected if you receive a state pension.
It’s been pounded into us that having a successful retirement requires advance planning—financial planning, Social Security planning, retirement income planning, and estate planning. And now, there’s another component to be considered—planning what happens in the event you have a decline in mental capacity.
The Administration for Community Living estimates there...
Oh, you’ve seen it. Things that used to be popular fade away as they’re replaced by something newer, shinier, flashier, or more high-tech. Things like the Walkman, Pet Rocks, and Fanny Packs now exist only in the land of extinction, next door to the island of misfit toys.
But a...
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)....