Retirement

In an ideal world, I believe it takes about five years to prepare for retirement – what’s next in life. One of my top ten tips for preparing for retirement is to use your time while you are still working wisely. Seek out role models, make connections, and explore options while you have a pay

Scott was eager. He even had numbers written on his truck’s visor that no one, not even his wife, knew what they meant. It was his retirement date. He saved, planned, and dutifully attended all his company’s retirement readiness seminars. Scott was in the zone; he could finally retire financially secure. A Friday, 30 years

Blended Families May Be At Greater Risk For Family Disputes Sometimes money and the need to care for aging parents can bring out the worst in people. This can happen in blended families with aging parents. When the adult children are faced with issues over their aging parent in common, some siblings feel entitled to

In the famous 2022 Supreme Court Case of Dobbs v. Jackson Women’s Health Organization that overturned the national law that an abortion was a private matter between a woman and doctor, the petitioners insisted that there is “no causal link between the availability of abortion and the capacity of women to act in society.” In

The Centers for Medicare and Medicaid Services is notifying almost 950,000 Medicare beneficiaries that their personally identifiable information was compromised in late May 2023. In a press release, CMS reported details of the situation. Here’s a Readers Digest summary. In May 2023, Wisconsin Physicians Service identified a vulnerability in its system for transferring files. WPS

The IRS has announced that the amount of tax-favored funds that you can sock away for retirement is increasing. In 2025, the amount individuals can contribute to their 401(k) plans will tick up to $23,500—it was $23,000 for 2024. The announcement is tied to cost‑of‑living adjustments for pension plans and other retirement-related items for tax

The author and his wife have enlisted the help of a free consultant to guide them until Medicare’s December 7th deadline. My wife and I have been covered by traditional Medicare since we each turned 65. In addition, we have had a secondary insurance plan that was heavily subsidized by my wife’s former employer. Similar

The Centers for Medicare and Medicaid Services is focused on continuing to improve the quality of Part D and Medicare Advantage plans. The Star Ratings system helps beneficiaries and their caregivers compare Medicare health and drug plans and make the best decisions. Every year CMS publishes the Star Ratings to give beneficiaries and their caregivers

2025 Medicare Changes Every year there are changes to Medicare Advantage Plans and Social Security. Most years the changes are not dramatic. But this year the change in your Medicare Advantage plan may be dramatic. If you have a Medicare Advantage Plan, do not assume that your plan will remain the same for 2025. Because

Social Security benefits will be a major source of retirement income for most Americans. Yet, shockingly, only some people have a good idea of how much they will receive in benefits from Social Security. In fact, new research from the National Institute on Retirement Security says just 11% of Americans who haven’t yet retired know