Category: retirement

11 Ways to Prevent Debt From Ruining Your Retirement Goals

Retirement, the “golden years” in the ideal world, is when all Americans want to kick back in their own home, count dollars from their passive income, and get back to their hobbies. But, this dream for many remains a hyperbole due to a lack of financial planning, adequate investment, and debt. A Congressional Research Service report…


Seniors Feel Cheated as Inflation Dims Their Golden Years

For close to 47 million Americans, it was the best of times, and it was the worst of times. Indeed, the current cost-of-living crisis devastating millions of seniors nationwide has forced many to look back at the choices they made throughout their prime working years. Did they save and invest enough? Did they clock in…


When Will You Retire?

By Elliot Raphaelson From Tribune Content Agency In a recent edition of Financial Planning magazine, there was an interesting column written by Nathan Place that discussed some of the reasons that Americans are retiring later. I’ll discuss some of these factors below. One of the primary reasons people are putting off retirement is changes to…


What Are Your Employee Benefits Really Worth?

Benefits make up more than 30 percent of the typical job’s compensation, according to the U.S. Bureau of Labor Statistics. But figuring out what your benefits are worth isn’t always easy. You may need to do a little digging to find how much your employer contributes toward health insurance, retirement plans and other perks. Some…


Retirement: Understand the Trade-Offs of Medicare Plans

By Kimberly Lankford From Kiplinger’s Personal Finance Enrolling in Medicare, which you can do starting at age 65, comes with a series of decisions for getting the most out of your health care coverage. One of the first decisions you’ll have to make is whether to enroll in original Medicare or a private Medicare Advantage…


Big Sonia | Documentary

Ninety-one-year-old Sonia Warshawski runs the tailor shop she’s owned for more than 30 years. But when she’s served an eviction notice, the specter of retirement prompts Sonia to revisit her harrowing past as a refugee and witness to genocide. * Click the “Save” button below the video to access it later on “My List.” –…


Social Security Rules I Can’t Explain

I really get upset when readers tell me that they talked to a Social Security Administration employee hoping to get an understanding of some confusing Social Security rule and the only reply they got was this: “It’s the law.” In my opinion, that’s a bad answer. People should be given a reason why a particular…


Retirement: Is a CCRC Right for You?

By Lisa Gerstner From Kiplinger’s Personal Finance For many retirees who choose to live in a Continuing Care Retirement Community (CCRC), a driving factor is peace of mind that they’ll have adequate care for their future needs. CCRCs—also known as a life-plan community—allows retirees to shift from independent living to higher levels of care, such…


9 Ways Millennials Can Prep for Retirement

Is it a surprise that we Millennials are scared of retirement? Not only did we survive the Great Recession and a once-in-a-lifetime pandemic, but we’re also buried under debt. Moreover, unlike previous generations, traditional pathways to wealth, such as homeownership, are increasingly out of reach. On top of that, we don’t have access to pensions…


Year-End Finance Tips for Families

The end of the year is a busy time. Last-minute pushes for school and work and the holiday rush makes November and December frantic. But this is a good time to examine finances and plan for the new year. So, take the time to cross these financial tips off your to-do list. Assess Your Spending…