Many baby boomers are not slowing down. In 2021, 25.8 percent of adults 65 and older worked. That compares to 30.5 percent of teenagers holding a job. Many seniors postpone Social Security when working, but what about Medicare? The regulations say you must sign up for Medicare when you turn 65. But is this always…
Medicare Options for Those Working Past 65
July 20, 2023
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Benefits for Spouses
I think I get more questions about benefits for spouses than I do about any other kind of Social Security benefit. And even though I’m using the gender-neutral term, “spouses,” these questions almost always come from women wondering what benefits they might be due on their husband’s—or ex-husband’s—Social Security record. Or they come from men…
Why You Should Open a Roth IRA for Your Child
July 18, 2023
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You can give your child a head start in life by opening an individual retirement account (IRA) for them. Allowing it to build interest for decades enables it to grow much more than if you wait until the child is older. Custodial Roth IRAs have some rules that must be followed, but it has many…
Donating Through a Donor-Advised Fund or Private Foundation: Which Is Better?
July 15, 2023
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There are many places to make tax-deductible charitable donations, but getting one that aligns with your intentions is not as easy. When choosing charities to donate to, make sure that the donor-advised fund or private foundation can give to the charities of your choice. If you use a religious group or some community group, they…
Protecting Assets From a Nursing Home
July 14, 2023
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Most people work their entire adult lives saving for retirement. Between stocks, annuities, and savings, they think they’re covered. Then a catastrophic illness or accident happens, and they’re forced to enter long-term care. And the average cost of a semi-private room is $9,167 per month. This can wipe out a savings quickly. Although this scenario…
Thailand Prime Minister Prayuth Retires From Politics, 9 Years After His Coup
BANGKOK—Thailand’s Prime Minister Prayuth Chan-ocha announced on Tuesday his retirement from politics, nine years after he took power in a military coup, and promised to stay in charge only temporarily. His announcement was widely expected after his military-backed United Thai Nation party was thumped in a May 14 election, in which it won just 36…
The Good News About Social Security Administration Customer Service
Q: In a recent column, you highlighted some harsh words from a guy who was critical of the government in general and the Social Security Administration in particular. I just wanted to tell you that my recent experience with the SSA filing a claim for retirement benefits could not have gone more smoothly. I used…
How a Faith-Based Gold Company Is Changing the Way Americans Protect Their Retirement
When Genesis Gold Group was first conceived, co-founder Jonathan Rose knew two things were necessary in order to thrive in the extremely competitive precious metals industry. First, he knew they wouldn’t repeat the same deceptive marketing tactics “Big Gold” companies use to entice customers. Second, he knew they needed spiritual guidance if they were going…
How to Avoid Paying Taxes on Annuities
June 24, 2023
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Taxes can be a major burden for retirees and people saving for retirement, so choosing the right investment vehicle is essential. However, once you retire, one of the most important things to consider is how you will receive your income. Many people choose to annuitize their retirement savings, which can be a great way to…
Should You Offer a 401(k) Match to Your Employees? Here Are 3 Things You Must Consider
By Matt Baisden Employer matching contributions to retirement plans are often seen as costly commitments by business owners. As it stands, 48 percent of private sector workers in the United States don’t have access to a 401(k) or pension plan, according to an AARP study. Yet, for employers, they are worth investing in. Companies are…
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