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The dangers of student debt in retirement
A growing number of seniors are entering retirement loaded with debt and it’s not necessarily the kind of debt you imagined: student loan debt. According to the Consumer Financial Protection Bureau (CFPB), the number of older borrowers with student debt…
Making these mistakes could cost you a lot of money when you need it the most
The three money mistakes some younger baby boomers are making now could cost them a lot of money when they need it the most. Baby boomers are on the track to live longer than any generation before them, which means…
Are your fund fees eating into your retirement savings?
When it comes to saving for retirement, most of us focus on the returns yet many of us have no idea how much the fees we are paying are eating into those earnings. The good news is that fund fees…
How to start to save for retirement in your 50s
According to a study form the Insured Retirement Institute, 46 percent of baby boomers don’t have anything stashed away for retirement. If you are in your 50s and are just now starting to save, it’s going to be tough road…
Using an income allocation plan
People planning to retire often state that one of their greatest fears, is running out of money after they stop working. Which is a valid concern, but the risk is not about living too long; instead, the issue is failing…
Would you choose a lump sum payout or lifetime income?
In a recent survey conducted by TIAA, it revealed 62 percent of employees would prefer to receive $2,700 a month for life rather than a $500,000 lump sum at retirement. However, only 12 percent of surveyed employers offered annuities as…
How to boost your Social Security benefits
According to a new study from the University of Pennsylvania’s Wharton School of Business, as pensions disappear and longevity increases, retirees are even more dependent on Social Security today then they were 25 years ago. In Mary Beth Franklin’s column,…
These ten Medicare Advantage health plans exceeded industry standards
Medicare Advantage plans are growing in popularity as seniors seek comprehensive coverage for acute and their chronic care needs. The attached article lists the top ten highest performing Medicare Advantage health plans as rated by CMS. Each of these plans…
Don’t Be Misled by False Medicare or Social Security Ads
Online and otherwise, there’s a lot of information out there, and sometimes it’s difficult to tell what sources are credible. With millions of people relying on Social Security, scammers target audiences who are looking for program and benefit information. Continue…
Do you know when to sign up for Medicare?
Are you nearing Medicare eligibility? If so, you should be aware of the enrollment periods and deadlines and be prepared to sign up for the coverage of your choice. Read attached article for Medicare enrollment periods and deadlines. Read article…