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Want to be happy in retirement?

Retirement can be scary and lonely for some people; however, it does not need to be. According to the latest MassMutual Retirement Happiness Study, the happiest retirees were prepared financially and invested in their health and social connections prior to…

Hardship withdrawals are on the raise

The state of the economy has prompted some individuals to withdraw from their retirement savings accounts. In 2023, almost four percent of workers took hardship distributions from their 401Ks. Although most people think this is a short-term solution, it does…

Should you downsize

Many soon-to-be retirees think about whether they should be downsizing their homes. We all have heard the pros of downsizing, but does it make financial sense to do so? Nicole Spector outlines the current downsides of downsizing your home in…

Have you filed your taxes yet?

The 2023 federal tax filing deadline of April 15, 2024, is fast approaching; have you filed yet? Are you required to file a tax return? Yes, some Social Security recipients are not required to file; however, it will depend on…

Changing attitudes about retirement

Fidelity Investments released its latest State of Retirement Planning report highlighting changing attitudes about retirement. Led by the younger generation, two-thirds of the respondents are now more inclined to live intentionally by pursuing their passions and dreams in retirement. The…

Are you ready for retirement ?

You envision your retirement as endless golf games, pickleball, and traveling, but are you prepared financially for retirement? Nowadays, retirement could last 20 to 30 years; have you planned for your money to last this long? How do you know…

Expectations do not always match statistics

A recent survey on finances and longevity reported over half of the respondents say their goal is to live to be centenarian – but still plan on retiring between the ages of 65 and 69. A quarter of the survey…

The latest 2025 COLA estimates

The latest 2025 Social Security COLA predictions are out, and it seems to be on track to be less than this year’s 3.2 percent; however, the official announcement is not until mid-October. Analysis by the Senior Citizens League estimates the…

Should you wait to claim Social Security

When to claim your Social Security benefit is a personal choice. Although most financial advisors will tell you to wait until you are 70 to claim your benefit, however under certain circumstances, it is better to claim your benefits early.…

Enrollment in Medicare Advantage

A recent report shows Medicare Advantage enrollment has increased by almost 2 million beneficiaries in 2023. Currently, 33 million individuals of the 65.9 million Medicare-eligible beneficiaries are members of a Medicare Advantage health plan. Victoria Bailey reports on the Medicare…

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