As 2022 heads to the finish line, those receiving Medicare benefits have received a dose of good news. Medicare Part B premiums and deductibles will shrink next year because the program spent less than anticipated in 2022. Unfortunately, the cost cuts Medicare recipients will see in 2023 are smaller than […]
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For many Americans, a 401(k) is a huge part of their financial strategy. That’s because, for a lot of folks, a 401(k) and Social Security will be their primary sources of retirement income. But many people don’t understand how to max their 401(k). Let’s look at some of the ways […]
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Wondering when it’s an appropriate time to retire? Let’s look at some of the commonindicators that you may be ready to leave work for good. An Investopedia article, 6 SignsThat You’re Really Ready to Retire, has some terrific insights into this important subject. Have you reached your full retirement age? […]
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Wondering when it’s an appropriate time to retire? Let’s look at some of the common indicators that you may be ready to leave work for good. An Investopedia article, 6 Signs That You’re Really Ready to Retire, has some terrific insights into this important subject. Have you reached your full […]
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Though many financial experts had long been expecting it, when the news broke on May 4 that the Fed was raising the interest rate by a half point, it still felt like a thunder clap. According to a CNBC article, Here’s what the Fed’s half-point rate hike means for your […]
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Market Volatility and Your Retirement Reaching retirement should be a time to sit back and relax. A time when you can focus on making the most out of every day. But recent market and economic conditions are adding an extra layer of uncertainty for those nearing or just beginning retirement. […]
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While there’s nothing wrong with dreaming big about retirement, it’s important to remember that how you think about retirement is likely to change over time. No matter how your circumstances change, you’re likely to have four different phases of retirement. Phase One The first phase is the pre-retirement phase. This […]
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While there’s nothing wrong with dreaming big about retirement, it’s important to remember that how you think about retirement is likely to change over time. No matter how your circumstances change, you’re likely to have four different phases of retirement. Phase One The first phase is the pre-retirement phase. This […]
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When it comes to retirement planning, it’s only natural to be consumed with big picture items like finding the ideal community, whether to stay in your current home or downsize, and how much travel you’ll be able to do. And those are all great and very important things to think […]
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During the 12 months ending in June 2021, consumer prices shot up 5.4%, the highest inflation rate since 2008.¹ The annual increase in the Consumer Price Index for All Urban Consumers (CPI-U) — often called headline inflation — was due in part to the “base effect.” This statistical term means […]
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