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Younger Generations Learning from the Older
Millennials are doing surprisingly well concerning their financials. They have heeded the warnings from their parents about retirement planning and saving. 72% of Millennials are already saving for retirement before the age of 27, and even more have a solid…
CMS releases 2017 Medicare Advantage premium rates: 4 takeaways
(By Morgan Haefner for Becker’s Hospital Review ) CMS announced premium rates for 2017, estimating the average Medicare Advantage premium will decrease $1.19. Continue reading article here… Notice: The link provided above connects readers to the full content of the…
Millennials and Family Heirlooms
We are at a stage in America right now that can be seen as a generational shift, with millennials replacing Baby Boomers as the largest generation in America. In this shift, and as they downsize, Baby Boomers are wanting to…
Saving for Retirement – Is the Tide Turning?
A recent Forbes.com article by contributor John Wasik indicates that the trend is upward for Americans and their rate of retirement savings. Citing a Bankrate.com report, he notes that “retirement savers are pumping more money into their long-term savings.” So,…
Retirement and its Ironies
Forbes contributor Robert Laura takes a lighthearted–but quite serious–look at some of the myths and ironies associated with the life stage called “retirement” in an article posted on Forbes.com. His article is a departure from the typical heads-down media coverage of…
Legislators want Social Security Administration to provide better advice
A recent GAO report revealed that the SSA was not always letting claimants know about the various options to maximize their benefits, and now legislators (and others) are pressuring the SSA to improve its counseling services. A report by Mark Miller of…
Are We Reaching The End Of The Trend For Longer, Healthier Lives?
(By Richard Harris for NPR) American lives have been getting steadily longer, and since the 1960s that trend has been driven mostly by a remarkable reduction in heart disease. But those improvements have slowed dramatically. Scientists are now wondering whether…
Baby Boomers Still Leading Economy
Baby Boomers have recently been overtaken by Millennials as the largest generation in America, but Baby Boomers still hold most of the wealth. To add to this, Millennials hold a lot of debt from education and are entering the work place…
Weighing the Impact of Drawing Benefits Too Early
Boston University Professor and Forbes contributor Laurence Kotlikoff takes an in-depth look the impact of filing for Social Security benefits sooner rather than later. Using anecdotal numbers, Kotlikoff shows how some folks “are generally losing tens to hundreds of thousands…
The Relationship Between Monetary Policy and Your Retirement
John Mauldin, Forbes contributor and New York Times bestselling-author, examines the impact that Federal Reserve policies have on the financial well-being of current and future retirees in an article posted on Forbes.com. The article analyzes the effects of low interest rates on the…