Delaying Social Security Retirement Income
Interesting article in the Wall Street Journal comparing delaying taking early retirement income benefits (age 62) to Full Retirement Age (FRA) or age 70. Several articles recently have covered this topic from the perspective of the benefits delay in the first stage increases them about 6% and then 8% for the second delay (from FRA… Read More »
The History of Retirement, From Early Man to A.A.R.P.
Great Article I stumbled upon about the History of Retirement from the New York Times. Excerpts: IN THE BEGINNING In the beginning, there was no retirement. There were no old people. In the Stone Age, everyone was fully employed until age 20, by which time nearly everyone was dead, usually of unnatural causes. Any early… Read More »
Assisted Living Costs
Insurance policies to help offset the cost of living in an assisted living facility are priced based upon the amount of benefit that one feels they need or can afford. People in their 50’s and 60’s often consider this insurance, but it isn’t cheap, neither is the cost of living in a facility. The costs… Read More »
Medicare Part B Premiums Increasing in 2014 247%?
There is an email circulating that claims Medicare Part B premiums will increase 247% in 2014 to $247 from the present rate of $99.90. According to the AARP website and others, this is a myth that has been circulating since 2010. A little background: Medicare is federal health insurance for those age 65 and older (and others… Read More »
Is Your Pension Secure?
Pensions are a little rare today, so rare most people don’t really know how they work. Pensions also known as Defined Benefit retirement plans, pay someone a percentage of their income when they retire, based upon age, years of service, wage history and the design of the plan. Millions of people still have them, typical… Read More »
Health Insurance Issues for the Elderly
Why this topic is so important. For individuals in the later years of life, health insurance and health related costs are often one of the largest expenses. It is critical that you consider and plan for these expenses and that you become aware of the details of your options. In addition, as a voter you should… Read More »
Comparison of Public Pensions to 401(k)s
There as been a lot of talk lately about retirement pension plans for public employees. Public employees being any state, city or county employee. Interesting article in the Wall Street Journal today comparing public pensions to private workers with 401(k)s.
Long Term Care Planning
The odds of a person needing long-term care when they are older depends upon a number of factors, some reports say that the odds of someone needing nursing home care are over 50% for those 65 or older. A 2007 USA Today article said that 7.4% of Americans aged 75 and older are in nursing homes in… Read More »
Social Security Retirement, to Be or Not to Be?
Social Security Retirement Benefit, or shortened to SSRB for this article, is a major cornerstone for most Americans. Many people wonder: how it works, whether it will be there for them when they are eligible, will it change, and should their plans include the assumption that it will be there for them. This article addresses… Read More »
Consolidate 401k, 403b and 457 accounts
Have you always worked for the same company? Most people answer no to this question. In fact, people change jobs much more frequently today than in previous generations. There are a whole host of reasons, from corporate downsizing to finding a better opportunity. Perhaps you have an employer-sponsored retirement plan with one or several previous… Read More »
