A \”solo ager\” is someone who retires without any immediate family or close friends. Solo agers are becoming more common, with an increasing proportion of Americans living alone, whether they are single, widowed, or divorced. In addition, many are childless or have adult children who reside far away, leaving them on their own. If this […]
Are you a \”Solo Ager\”? Here Are Some Things to Consider Read More »
If you retired early, you may be faced with a problem; your Social Security benefit may not be sufficient to live off of. Maybe you need to support your adult children or grandchildren. Retirement can sometimes make living more expensive than it was before. And, of course, many of your financial commitments from when you
Methods of Generating Extra Income in Retirement Read More »
Regardless of whether you decide to retire before age 65 or are compelled to do so by medical conditions or other family situations, you need to ask yourself the same question: How are you going to handle health insurance? Whether by need or choice, a large number of Americans retire earlier than the traditional retirement
Planning to Retire Before Age 65? Here\’s What You Need to Know Read More »
Many Americans, believe it or not, choose to continue work in some capacity during retirement. Obviously, we don\’t mean continuing work full-time. That wouldn\’t be retirement. But, for those who are generally health with high life expectancy, having a part-time or seasonal retirement job may be a good tactic for generating more retirement income. You
Benefits of a Retirement Job Read More »
How much money will you need saved for retirement? How much income should you withdraw each year? As retirement draws closer, you probably want to evaluate your income strategy. What sources of income will you have? You will receive income from Social Security benefits, as well as possibly retirement account distributions, a pension, et cetera.
The $1000 Rule and the 4% Rule of Retirement Read More »
September 30th was the final day before government funding expired and the last chance to re-fund it. Thankfully, a last-minute agreement was passed by the House and Senate to keep the government going through to November 17th, narrowly avoiding a government shutdown. But… what happens when November 17th comes around? How will it affect you,
What Would a Government Shutdown Mean For You? Read More »
Recession Now Pushed to 2024? A recession is a significant and prolonged decline in economic activity within a country or region. It is typically characterized by a decrease in various economic indicators, including a contraction in gross domestic product, reduced consumer spending, rising unemployment rates, and decreased business investment. Recessions can have various causes, including
Recession Now Pushed to 2024? Read More »
What is Prolonged Grief Disorder? Prolonged grief disorder (PGD) is a mental health condition characterized by intense grief lasting for an extended period following the death of a loved one. The diagnosis and treatment of PGD are not yet standardized in the way more established mental health conditions are. However, mental health professionals can provide
Prolonged Grief Disorder Read More »
Continuing to Work Into Your 70s? It\’s a growing trend to continue working past the traditional retirement age. Many Americans have taken to this, either because they need to as they can\’t afford to retire sooner, or by choice. It does actually come with some benefits if you continue working into your 70s. In this
Working Into Your 70s Read More »
The Future of Social Security The Social Security Administration periodically analyzes the program\’s financial security, adjusting various factors to ensure its ongoing sustainability. However, it\’s been suggested by many reports that it will suffer a benefit reduction in 2033. Therefore, it\’s no surprise that most millennials have said they won\’t be factoring Social Security into
Social security benefits Read More »
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