Retirement

The United States is confronting a number of economic challenges – turbulent markets, rising interest rates, high inflation, and growing economic inequality. Despite these challenges, public pension plans in the U.S. have remained resilient in recent years. In fact, many plans achieved double digit investment returns during 2021. And while the markets took back some

The Medicare Open Enrollment Period is over. It seems as though every beneficiary I spoke with during the last two months had questions about one topic: pharmacies. So, here are answers to 10 frequently asked questions about Part D drug plans and pharmacies. What pharmacies can I use? Medicare requires Part D drug plans to

Under both federal (ERISA) and state law pensions are supposed to be managed for the “sole or exclusive benefit” of beneficiaries—participants such as you. Yet forensic investigations reveal that our nation’s public pensions are never managed for the sole or exclusive benefit of participants. So, if your government pension is not managed for your exclusive

Procrastination in saving for retirement is so pervasive that it can be considered the norm. Retirement is a long way off and how much will be needed is unclear. The question is complicated by possible allocation to estate bequests and (for homeowners) the possible use of home equity in the process. Procrastination is further encouraged

Loud enough for everyone from the terminal to the plane door to hear, Connie giddily declares to a far less excited passenger standing beside her on the jetway: “We are on a girls’ weekend to the city!” Connie, and the ‘girls,’ are probably well into their 60s. And, like most of us of a certain

Congressional Bill Would Create Federal Ally for Booming Elderly Workforce Older workers are flooding the labor market — many of them are struggling to stay afloat and could use a life raft. It’s time for America’s 37 million older workers to have a strong ally in the federal government. A new bill in Congress offers

You may see some public notices from governments, nonprofit agencies and consumer organizations warning about increased scammer activity at this time of year. There is a lot of focus on internet and phone scams, everything from fake threats to pay money or fake enticements to get a “deal” on something. People are shopping during the

One of my most self-aware friends said of a habit he’d like to change recently: “First, I have to get sick of myself; then I have to get sick of getting sick of myself; then I have to complain about it for a while; then I’ll actually change.” He must have been reading Prochaska and

This article explains the terminology and concepts that you should be familiar with as you determine your best Social Security claiming strategy. As you work through this process, keep 3 things in mind: Claiming Social Security benefits is a one-time decision that you must get correct. A married couple needs to look at this decision

Key Takeaways Carvana is looking to be on the brink of bankruptcy, with yields on their corporate notes above 30% according to the Wall Street Journal. The stock price has jumped in early trading on Thursday after a major crash this week. Despite this bounce, the price has collapsed almost 98% to just over $4