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Longevity planning for couples
People 50 years old and older have the highest divorce rate of all age groups according to Pew Research. In fact, the Baby Boomer divorce rate, gray divorce, has doubled since the 1990s. Social observers have offered many reasons including…
Are you a FIRE follower? If not, may be you should be to achieve your retirement goals
The Financial Independence, Retire Early (FIRE) followers are often dismissed as starry-eyed dreamers, but these super savers share tips on how to manage on less than $40,000 a year. By adapting some of the FIRE principles to fit your lifestyle…
Annual costs for employer-provided health plans are rising faster than wages and inflation
The Kaiser Family Foundation conducted their 2019 Employer Health Benefits Survey and found the annual costs for employer-provided health plans are rising at a faster clip than wages and inflation. The study found premium contributions, copays, and deductibles rose by…
Five feasible solutions to improve retirement savings in the United States
Because nearly half of households headed by someone age 55 or older have no retirement savings, with one estimate putting the median retirement account balance across all savers at $40,000, the Aspen Institute Financial Security Program held its third annual…
In time for Halloween, 10 of the scariest retirement statistics
What do American workers fear? Is it debt, medical bills, emergency expenses, or finances in general? If you are in your 40s, 50s, or 60s, there is the additional dread of a retirement with little money. The attached article includes a…
If your retirement savings are lagging, here’s what you can do about it
A recent Transamerica study found the median retirement savings for American workers sit at around $50,000; however, according to the Bureau of Labor Statistics reports, the average household headed by an adult 65 or older will spend this in nearly…
Do you worry about becoming a burden to your family?
Living on a fixed income can introduce financial challenges, while declining health can cause logistical trials as well. A recent survey by Nationwide found that, 50 percent of older Americans worry about becoming a burden to their families as they age. …
Medicare, A Simple Explanation
Social Security and Medicare are both programs that are household names, but do you know the true difference? Both programs help safeguard millions of Americans as well as improve the quality of life for their family and friends. While Social…
Find out how your benefits might change in the coming year
Social Security provides essential benefits to help tens of millions of Americans make ends meet in retirement or if they become disabled. One of the biggest advantages of Social Security is that it adjusts every year. So, to get as…
You can earn more money in 2020 without it having it impact your benefits
The Social Security Administration allows seniors to work and receive Social Security Benefits at the same time, but working will impact your benefits and how much you can earn without penalty. The earning test dictates how much money you are…