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 live the...
Maybe
it’s your dream—accumulate enough money to retire early and live happily ever
after. You never have to work again and can do whatever you want whenever you
want. That’s the basis of the FIRE Movement—Financial Independence, Retire
Early.
There’s
lots of chatter all over social media about FIRE. Conversation threads run
deep. Online communities search...
When the Social Security and Medicare Trustees’ Report was released a few weeks ago, the news that the Medicare Part A hospital insurance trust fund is expected to go broke in 2026 obscured other important information in the report.
In particular, the report contained preliminary numbers for an increase in...
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...
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, "Do I lose half my Social Security in the Divorce?"
Alhambra's Bob Williams answers a question about collecting a Social Security Survivor Benefit on an ex-spouse's work history if you've been remarried after the divorce.
“I
can’t wait to get on Medicare!” I’m hearing that more often from people
approaching 65 years old. Since the passage of the Affordable Care Act (ACA) in
2010 health insurance has become anything but affordable. I know people paying
more for their health insurance than they pay for their mortgage. On top...
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)....