Medicare recently announced the expansion of its telemedicine program to benefit seniors while they stay at home during the Coronavirus pandemic.This expansion will allow millions of senior Medicare participants to adhere to the public health advisory to stay home during the coronavirus pandemic, and still, be able to connect with their doctors virtually to obtain care for their medical issues or new concerns they may...
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As the Stock Market wobbles, it has some thinking about “safe money” investments. The idea of having money saved up for retirement and receiving income during that period didn't start with the establishment of Wall Street. You might be surprised to know that even the ancient Romans had forms of annuities that would pay their citizens later in life. Now of course back then the...
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Coronavirus has been plaguing the stock market for weeks pushing the markets to record lows! Market volatility can lead to some serious stress on the part of new and old investors alike. The constant up and down of the market can bring fear to even the most seasoned of investors. There are periods that are less volatile, but the days with no movement in...
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When thinking about retirement, you should make sure to have a clear understanding of savings vs. income. When thinking about retirement, many think about a particular savings amount that they would like to reach. This type of thinking comes from how general purchases are made. If you want to buy a computer, you would save the amount of money that you would need to buy...
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With the passage of the SECURE Act in December 2019, current and future retirees can expect to see significant changes which are likely to impact their tax planning for retirement. Most notably, perhaps, is the increase in the Required Minimum Distribution (RMD) age from 70 ½ to 72. For affluent retirees - and soon-to-be retirees - affected by the new RMD age, both the...
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An increasing number of employers offer 401(k) plans for their employees. It's estimated that the average employee will have 10 jobs before they hit 40 years old. This means that there are millions of 401(k) accounts that are essentially orphans. Most companies will allow old employees to leave the money alone, and 22% leave their money with their old employers. However, you might want to...
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The retirement age of 65 was chosen for Social Security at a time when average life expectancy was 67. Overall, life expectancy has trended up since then, so it should come as no surprise that 9 million Americans over age 65 now work either full time or part time. That's nearly one in five people who theoretically should be retired. This trend towards...
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When it comes to retiring early, some of the benefits are obvious. You get to live your life without the constraints of work, and you are able to pursue your own interests. But there are other good reasons for retiring early, and there are some reasons why retiring early is not the greatest idea. Your Dedication is Gone One of the good reasons to retire early is...
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Millions of people in the U.S. are unable to care for themselves and need long-term care services. These people need assistance in performing one or more self-care activities of daily living such as eating, bathing, dressing, and executing basic movements like walking, sitting, or standing. Services can be provided in the patient’s home, a residential care community, nursing home, assisted living facility, adult day service...
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Planning for retirement sometimes is filled with numerous preparations. One step at a time you put your life and your finances in order so that the remainder of your years are spent enjoying the lifestyle and security you have worked so hard to achieve. Preparing for retirement includes steps to prepare your children for the decisions you have made. Sitting down with them and laying...
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