Retirement

The incoming Trump Administration has been sending mixed signals about the fate of Medicare. But if Trump advisers and GOP lawmakers are serious about slashing government spending it is hard to see how they will ignore the program, which last year cost $850 billion and accounted for about one out of every six dollars the

As 2024 draws to a close, it’s time to plan for the New Year. One important budget item that many are reluctant to address is Medicare costs. A quick overview of the 2025 costs should provide a head start. Costs That Apply to Anyone on Medicare There are some costs that any Medicare beneficiary faces.

In a recent interview with Shane Parrish, Whole Foods founder John Mackey talked a lot about wealth—what it means to him and what it doesn’t. He told a particularly compelling story about what he didn’t want wealth to look like for him. He was going to meet with Jeff Bezos to discuss Amazon buying Whole

The Biden administration appears to have pulled off the elusive economic soft landing, getting inflation in check without crashing the economy into a recession. While inflation has been easing downward, it has still been pinching retirees’ budgets. The bad news is that shrinking inflation rates also mean a smaller Social Security cost-of-living (COLA) for 2025.

“I don’t want to live a long time. My parents really suffered in their final years.” I’ve heard this sentiment from relatives and friends who watched their parents really struggle with health and financial issues in their final years. It’s also a common thought of surviving spouses who find themselves alone and frail. If you

It Happens With Aging Parents At A Distance Like many adult children with aging parents, the brother and sister in this true scenario were increasingly worried about their 90-year-old Mom who lived alone. Mom had cognitive impairment, probably dementia, but it had never been formally diagnosed. The siblings are in their 60s with full time

This article is written to provide you with the reasoning for the Windfall Elimination Provision (WEP). There has always been a debate as to whether this provision is fair or not. Share your comments below describing your thoughts. For years there has been much talk about repealing the Windfall Elimination Provision (WEP) for those retirees

If you are like many people, you put off finalizing estate tax planning until the results of the 2024 election were in. Some people held off on any gifting to make a final decision. Others set up trusts and gifted smaller amounts to them as a placeholder. Now that the White House and both houses

When it comes to ambition, pacing and purpose, every generation has its own healthy operating beliefs. There’s overlap but overall, the development of wisdom is cumulative and comes about from the processing of life experience, something that happily retired baby boomers who are happy in retirement have in abundance. Nevertheless, for baby boomers, the temptation

Holiday season is scammers’ season too. Millions of people shop online at this time, with record spending expected. If your aging parents are online shoppers, help them to see the tactics thieves use to steal their personal information. Personally, I do a lot of online shopping for the convenience. I have gotten these fake text