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Medicare Advantage members originated through an employer-group health plan is growing
As of December 1, 2017, total Medicare Advantage (MA) membership stood at over 20 million, representing approximately 35 percent of the 60 million Americans eligible for Medicare. Nineteen percent of the total Medicare Advantage members originated through an employer-group health…
Army Ceases the Drawdown
When the Army needs to downsize the force, one of the most effective tools is to allow more senior solders to retire before the 20-year mark. In a December 15 directive, Army Secretary Mark Esper has canceled temporary early retirement…
Total US retirement assets
At the end of September 2017, retirement assets accounted for 35 percent of all household financial assets in United States. The attached article breaks down the types of retirement assets. Read article here… Notice: The link provided in the text above connects…
New Retirees and the Empty next syndrome
The transition from career to retirement has some similarity to “empty nest syndrome,” with new retirees falling into a situation where they experience a sense of loss of purpose, or feelings of worry, stress, and anxiety in the process of leaving work,…
Putting the retirement income numbers together
In a recent survey of American adults for the Wells Fargo/Gallup Investor and Retirement Optimism Index, researchers found that most of the nearly 600 workers weren’t very good at setting the retirement savings targets needed to determine how much income their…
Making online retirement calculators work for you
Using online retirement calculators can be a valuable first step in calculating your retirement needs; however, they have several limitations that could have a major impact on your retirement planning. The attached article reviews these limitations and offers advice on…
When to claim your Social Security retirement benefit is key
Timing is key when it comes to claiming your Social Security retirement benefits. However, not everyone makes informed choices as to when to claim. Read article here… Notice: The link provided in the text above connects readers to the full content of…
Improving your financial outlook by working a side hustle
The average savings balance among baby boomers nearing retirement is $163,577; the median savings balance for that age group is just $17,000. Which means, a greater number of people have less than the average. The good news is a large…
The Thrift Savings Plan goes into effect January 1, 2018
Effective January 1, 2018, one of the most wide-reaching and significant changes to military pay and benefits goes into effect. The new system, the Thrift Savings Plan, blends aspects of the traditional defined benefit retirement pension system with a defined…
Eight retirement accounts to consider
Experts tell you that you need to save at least 15 percent of your income each year for retirement. Depending on your circumstances, however, you may need to take incremental steps to get there. The attached article list eight retirement…