Retirement

By Vanessa Infanzon, Next Avenue In 2001, a YMCA in Brooklyn hired a husband-and-wife team of television producers, Stephanie Walter and John Williams, to help 15 high school students pull together a film about retired seamen living at the YMCA’s residential facility. The class’s final project, a one-hour documentary called “Sea Story,” was so well

The Medicare Prescription Payment Plan, also known as MPPP, MP3 or M3P, is a brand-new program that will take effect on January 1, 2025, the same day as the $2,000 cap on Part D out-of-pocket drug costs. The MPPP is like an installment payment plan for those who have Part D prescription drug coverage. They’ll

Democratic presidential candidate Kamala Harris has backed an earth-shattering idea: For the first time, traditional Medicare would pay for personal assistance at home and related long-term care. Currently, only Medicaid and certain Medicare managed care programs provide long-term care benefits. Harris endorsed the idea in an appearance on the television show The View and her

By Lucy Lazarony, Next Avenue A generous inheritance. A booming investment. A big raise. What should you do with a large sum of unexpected money you discover coming your way? In particular, how should you handle such a windfall when you are aged 50 and up? Surprise! Some of it can be used for fun.

By Kerri Fivecoat-Campbell, Next Avenue A friend with whom I had previously worked with instant-messaged me on Facebook a couple of years ago and asked, “Hey, have you applied for your pension?” We had worked together 35 years ago in the credit department of a major bank. I replied, “Pension? We get a pension?” She

I was challenged recently by a quote that has been ringing in my head ever since. Perhaps it stuck with me because it first seemed to contradict my own conviction—that the missing ingredient in most financial plans is thoughtful intention, bringing a greater sense of purpose to our planning—but I now see the quote more

By Lucy Lazarony, Next Avenue Kathi Balasek was still grieving for her late husband when she decided to buy a new car. She soon learned why people discourage recently bereaved family members and friends from making big financial decisions like buying a car while still grappling with their loss. “I bought a car I didn’t

Attitudes about the obligation to provide care for an aging parent in failing health vary. In some families, there is an unspoken expectation that it is the daughter’s job to provide this care, despite the fact that there is no legal obligation for any particular person to do so. Rarely does the son or son-in-law

One of the goals of the Inflation Reduction Act is to lower drug costs for Medicare beneficiaries. The biggest step toward that goal will be the implementation of the $2,000 cap on Part D out-of-pocket costs starting in January 2025. Nearly 19 million Part D enrollees could save $400 and almost two million with the

The golden years are something to anticipate. Life is expected to become easier and less complicated with time for family, traveling, and hobbies becoming attainable. A comfortable retirement is part of the American dream; however, this dream has a price tag and the burden of saving for retirement luxuries has fallen to the individual. Each