Today’s Surprise: Unemployment Is Down But So Are Wages Not sure what the Fed will make of today’s jobs report. My guess is that it will likely double down and keep gunning for a recession. Outside of impacting financial markets, the Federal Reserve’s interest-rate hiking campaign is focused on suppressing job growth, as James K.
Retirement
Factors to consider Assisted living homes continue to spring up, with owners hoping to attract the highest paying residents to the nicest facilities. After all, Medicare does not cover assisted living and residents must pay out of pocket. If you are considering this for an aging parent, cost is a primary factor in the decision.
As you transition into retirement, you face many important decisions that will impact your quality of life for the rest of your life. The trouble is, many people ignore or put off these critical decisions, according to Disconnected: Perception vs. Reality in Retirement Planning, a recent study from the Stanford Center on Longevity (SCL). Most
The Justice Department recently announced an expansion of its Transnational Elder Fraud Strike Force to fight against financial abuse. We applaud its efforts. However, no matter what the expansion puts into better transnational law enforcement, the heart of the problem and the worst of elder financial exploitation does not come from international crime rings. It
I will assess this question for a homeowner of 62 with a house now worth $400,000 who has no current need to draw funds from a HECM but wants the largest possible credit line looking ahead – say in 3 years. I will call this homeowner Prudent. The data used in answering this question are
In 2023, the premium for Part B, medical insurance, is going down by $5.25, to $164.90. After last year’s hefty increase, Medicare beneficiaries are relieved. With that drop, higher-income beneficiaries will be even more relieved. Since 2007, higher-income beneficiaries have paid more for Part B (in addition to the monthly premium) because of IRMAA, the
Around the world, there are millions of workers and retirees who are counting upon pensions set up by corporations and governments to provide for their retirement security. These individuals believe they have been “promised” certain benefits and that promises made will be kept. Unfortunately, many pensions are severely underfunded, i.e., not enough money has been
Share to Facebook Share to Twitter Share to Linkedin You may be buying the wrong kind of inflation bond. Here are two ways to get the good stuff. Inflation bond: the ultimate protection against the rising cost of living. If you know what you’re doing, you get a real yield of 1.9% on these U.S.
Devastating hurricanes, tornadoes, flooding, and fires, across many parts of the U.S. leave people vulnerable. Aging parents, often far away from family, are especially at risk. When disaster strikes, scammers see opportunity. The waters after Ian haven’t even receded, and ripoff artists are already scheming how to take advantage of people. They move fast. They
It’s been the craze for several years now as the generational change in demographics highlights new marketing trends, but it has come under fire lately from several different directions. What is “ESG” investing, really? The problem is no one knows. Or maybe everyone knows. And they all believe (very strongly, by the way) it’s something