Once you turn 65 and stop working, you no longer have a choice about health insurance. Medicare will be your primary insurer. Medicare is a government plan with different parts. Part A covers hospital and more and is premium free to people with at least 40 quarters of paying into Social ...
The long-term goal of many workers is to reach retirement. You work for decades reducing debts for major purchases such as your home mortgage, build up Social Security credits, save in 401 (k) or IRA and other investments to be prepared for this outcome. If you are fortunate enough, you may ...
When planning for retirement, the discussion always must start with income planning. How much money do you need every month to pay your bills and maintain your desired quality of life? Social Security is one of the most valuable retirement income sources. It cannot be outlived and gets regular ...
It is estimated that 33% of Americans are victims of identity theft during their lifetime. AARP says that in 2023, we lost more than $43 billion. These are obviously scary statistics, and you must take steps to avoid them. These attacks come in many forms. While I was writing this column, I ...
Inflation continues to be a major financial issue for many people. While the inflation rate has come down over the last two years, prices are facing a lot of consumer resistance. The government recently reported that fast-food prices are up 33% over the last five years. Combo meals that used to ...
Every year the trustees of the Social Security Trust Funds issue a report about the solvency of these accounts. Last week, they issued a new report that added one more year to the expected life of the trust funds. They will now be available until 2035. While this was a one-year improvement from ...
