This week’s article reminds us that notwithstanding the trials and tribulations of the pandemic, one thing COVID does to benefits us, is that it demands healthy aging. There have been and will continue to be many wide-reaching implications which include not just direct health impacts; if the pandemic teaches us anything \”it’s the importance of […]
Healthy Mind and Healthy Body Read More »
I thought you would enjoy this week’s article as it explains the old “marshmallow test” in answering the question of “should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then?” You may ask “What do Social Security benefits and marshmallows have in common? When placed squarely
Marshmallows and Social Security Read More »
With one month to go until the new year, it might be a good time to reflect on the status of your retirement savings in order to better understand what your choices and needs will be in 2021. Take a look at this week’s article for a few retirement calculators. They help you to understand
This week’s article reminds us that “Senior insurance needs are different. Time to drop the disability coverage and review your other plans.” The most obvious insurance retirees need to maintain is health insurance. While most seniors age 65 and older are eligible for Medicare, Medicare doesn’t cover 100% of medical costs.” Knowing this, it is
Insurance needs change when you retire Read More »
This week’s article highlights a Harris Poll that showed “workers who have been laid off or had their hours reduced amid the pandemic are particularly concerned about their future.” “70% say they are worried about running out of money in retirement, 61% say they are much more afraid of life in retirement, and 61% say
What matters is if you are concerned Read More »
We’ve been receiving calls from people thinking that somehow, with the election having just occurred, there are tax law changes that have already been enacted, or that 401(k) and IRA money is slated to be taxed. No, the Tax Laws have not changed. From time to time it is difficult to separate the wheat from
No, the Tax Laws have Not Changed Read More »
Aging is an Opportunity This week’s article reminds us “silver is the new green”, and that “around the world, people are living longer as birth rates decline.” Because of this, it isn’t just public policymakers and the private business sector that must reevaluate their long-term strategies. As Seniors, we are reminded a “changing landscape offers
Aging is an Opportunity Read More »
Commentary: I’ve been asked to explain how the dollar amount of what someone receives in social security is impacted by their age at filing for SS. This week’s article does that. It tells us “One of the most important factors affecting your retirement security is how long you work. Additional years make it easier to
Formula for the math Read More »
Considering all that is going on today, “pre-retirees may be asking questions about the impact of a stock market sell-off on their retirement savings”, and if there are “any steps that can be taken to protect savings and investments against future volatility.” This week’s article tells us “it’s a sobering reminder that volatility can strike
Important Considerations Read More »
This week’s article helps explain why the “economic gut punch of the COVID-19 pandemic is being felt by retirees.” “With the U.S. economy staring at a recession and the stock market having plunged more than 25% from its peak in February, retirees have seen the value of their retirement funds badly eroded and are looking
Regain your footing Read More »
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