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 ...
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 ...
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 ...
Today, baby boomers are more responsible for their own retirement than any generation since the industrial revolution. That was the period of time when U.S. industries moved from items being individually produced by craftsmen, to coming from factories. This allowed goods to be produced quickly ...
While most Americans face different financial challenges, one of the most significant is when a woman becomes a widow. The average age that this occurs is about 58-years of age. This age is calculated by the U.S. Census Bureau. While many of the issues we will be discussing also apply to men, ...
