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Medicare’s Next 50 Years: Preserving the Program for Future Retirees
(By Robert E. Moffit, Ph.D, for The Heritage Foundation) For 50 years, Medicare has managed to provide seniors with continuous coverage and a strong measure of financial security. Now, in the 21st century, it is time for reforms that will…
Millennials and Investing
Millennials are becoming targets for investment companies in the wake of an ETF boom. This is because Millennials are starting to invest earlier than their parents. Millennials are starting around the age of 23 whereas Gen X started at 26…
Generations and Institutions
Millennials are stereotypical in their distrust of corporations and institutions. Baby Boomers are much more likely to have a flagship brand or trusted business that they default to. Millennials are much less loyal, and that may come down to the…
New Social Security Rule for SS Online Account access
Social Security has implemented a new rule requiring those who have an online personal account at SSA.GOV to be able to receive text messages to a cell phone. This is part of a new account security feature where account owners…
Medicare and Social Security Are NOT the Same.
For most baby boomers your full retirement age is 66; however, you become eligible for Medicare when you turn age 65 so you will need to sign up for Medicare separately. The article outlines how to sign up for Medicare…
Continuing Work in Retirement
It is becoming a new reality that retirement does not really mean retirement these days. Many simply cannot afford to retire for a multitude of reasons. Since pensions have become increasingly rare, Americans have not adapted well to saving for…
Are You Being Improperly Billed?
Federal officials have warned doctors that they may be subject to penalties if they improperly bill poor people on Medicare for deductibles, copayments, and other costs from which they are supposed to be exempt. Read article here….. Notice: The link provided…
Looking at the 4% Rule on Retirement Savings Withdrawals
The “4% rule” that many of those heading toward retirement were told would provide adequate financial support needs to be re-examined in the light of a 21st century economy. With virtually non-existent interest income, the continuing disappearance of traditional pension plans,…
The Post-65 Workforce: A Majority of Full-time Workers
An article posted on www.nytimes.com by “The New Old Age” columnist Paula Span provides a glimpse into the growing segment of “seniors” remaining in the workforce after reaching the golden age of 65. With the BLS reporting that a majority of…
Retirement: A Complete Shift in Strategic Thinking on Finances
Moving from one’s working years to a retirement phase, when accumulated assets become the support for living, requires a sea-change in thinking about financial strategies. In an article posted on credit.com by Certified Financial Planner Evan Beach, a series of…