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Making money through the gig economy during your retirement
A recent Prudential Financial survey found that 31 percent of individuals who work in the gig economy are baby boomers. According to the Employee Benefits Research Institute, this results from 48 percent of retirees leaving the work force earlier than they…
Along with saving for retirement, smart spending should be a priority
The emphasis on how much you have saved for retirement is only half of the picture; it’s also about how much you spend. It all comes down to good budgeting, and many people just can’t be bothered, especially while they…
Three common and costly Social Security mistakes
Retirees account for four-fifths of the 61 million Social Security beneficiaries. While Social Security is the major source of income for more than half of all seniors, most people have limited understanding of how benefits work or even what their…
Not sure when to file for benefits, here’s a rundown of your choices.
Not sure when to file for your Social Security benefits? Are you aware there is an eight-year window to start taking your Social Security benefits? The attached article list the various ages at which you might claim Social Security, and…
Your Social Security benefit and taxes
As we come to the end of the tax season, many older taxpayers are finding out for the first time that some of their Social Security benefits might be subject to tax. Almost 20 million people get taxed every year…
Is Entrepreneurship in your retirement future?
Entrepreneurship has become an attractive alternative for aging employees who are seeking work on their own terms while maintaining the professional identity it took years to build. Retirees are often more successful as entrepreneurs because they have the confidence and…
Pre-retirement Americans are very concerned about the Social Security system
A recent Gallup poll found 51 percent of pre-retirement American adults are very concerned about the Social Security system whereas only one-third of young adults expressed a great deal of concern about the system. To find out more click on…
What is the “Spend Safely in Retirement” plan?
What is the “Spend Safely in Retirement” plan? It is a relatively straightforward strategy based on a study by the Stanford Center on Longevity and the Society of Actuaries which allows people to squeeze as much income as possible from…
Do you have more credit card rewards than retirement accounts?
Do you have more credit card rewards than retirement accounts? If so, you are not alone; actually more Americans are enrolled in at least one credit card rewards program than are enrolled in any kind of retirement plan. A recent survey…
Medicare Advantage plans to integrate ride-sharing services
Last week the Centers for Medicare and Medicaid Services (CMS) said it was “reinterpreting the standards for health-related supplemental benefits in the Medicare Advantage program to include additional services that increase health and improve quality of life.” This new rule…