By Rashelle Brown, Next Avenue With inflation running especially high in recent months, we’ve all felt the pinch a little more than usual. But glance back in time and you will see that life’s staples have become more expensive throughout history. It’s a trend not likely to end in our era, and a phenomenon more
Retirement
By Gary M. Stern, Next Avenue Robert, the older brother, and Lon, the younger one, were close as they were growing up in the Queens borough of New York City. But when their mother passed away and left the bulk of her estate to Robert, Lon was devastated. Feeling betrayed by his mom and livid
Worker Benefit – this is your own personal benefit. You are always paid your own benefit first regardless of what benefit you are entitled to. The earliest you can apply is 62. If you apply before your full retirement age the benefit will be reduced. It is the only benefit that accrues delayed retirement credits.
Open Enrollment is on now through December 7. This is your chance to review your drug coverage. If you see Part D drug plans that charge a coinsurance, instead of a copayment, proceed with caution. Cost sharing basics To understand the coinsurance issue, let’s begin with the costs Medicare beneficiaries pay for medications. A premium
Does the gig economy intrigue you? Have you ever wondered what side hustle you’d be best at? According to a recent report issued by Precision Reports, the gig economy will nearly triple in the next five years. In addition, the rate of monthly new business formations, after nearly doubling at its peak at the onset
The Great Recession, lasting from December 2007 to June 2009, was the most severe economic downturn in the U.S. since the Great Depression. Virtually all investors lost assets during the financial market crash, typically about a quarter of assets. The economic effects lasted for years, with jobs slow to recover and unemployment remaining stubbornly high.
If you had the choice, would you rather stand on the winner’s podium or watch as someone else stands on that platform? Be honest, now. When you enter a competition, do you just say you’re there simply for the experience or deep down, do you imagine yourself finishing first? There’s nothing wrong with wanting to
In our work at AgingParents.com, we often hear from adult children that the elder in their lives absolutely doesn’t want to be “put in a home”. By that they typically mean that they fear giving up their own living situation and being forced to go elsewhere for some form of care. They extract promises from
If retirement is on your radar, no doubt you’re hearing advice and recommendations from financial advisors, your spouse or partner, and well-meaning relatives and friends. The trouble is, it’s often easy to tune them out, for several reasons. You might believe you’ve heard their advice before. You might be busy with day-to-day life or not
By Richard Eisenberg, Next Avenue Social Security is the cornerstone of retirement income; in fact, a third of retirees get 90% of their retirement income from Social Security. But if you’re confused about how its benefits are calculated and when you should start claiming them, you’re in good company. A new Bank of America survey