Retirement

High profile people are talking openly about their mental health issues. Perhaps that will make discussion about the issue less stigmatized. By publicizing the struggle of this by famous and high profile people, our society may see that you don’t have to think of someone as “crazy” for needing mental health help. For aging people,the

Introduction to the Proposal The Biden Administration has just issued the “General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals.” While some pundits might assure you that nothing can be enacted with a Republican House, don’t say never when it comes to Washington negotiations. One never can predict what might happen. Also, consider that

In his budget due to be released tomorrow, President Biden will propose major changes in the way Medicare’s Part A hospital insurance program is funded. To ensure the program’s solvency, he’d shift hundreds of billions of dollars in tax revenues and allocate $200 billion in cost savings from other parts of Medicare to the hospital

Planning for a successful retirement involves much more than just deciding when to stop working and then planning for fun and travel. You’re transitioning into a phase of your life that could last another 20 to 30 years. The decisions you make during your retirement transition zone—typically between ages 60 and 70—will affect your quality

French Workers Outrage Over Pension Cuts Yesterday, French workers amped up their protest over President Macron’s proposal to cut pensions by raising the retirement age from 62 to 64. Two-thirds of French school teachers went out on strike. Striking transit workers required 75% of trains and 25% of planes trips to be cancelled and striking

After increasing the retirement age based on birth year a dozen times for those born between the years of 1937 and 1960, the retirement age has remained the same for anyone born since 1960. This has prompted Congress to consider raising the retirement age again. While some may recoil at the notion, there are pluses

With major media reporting that lawmakers are interested in upping the retirement age, you’d be right to ask yourself, “Why is this being discussed?” While Congress may concern itself primarily with the Social Security retirement age, raising that age will have ramifications for all workers. At the very least, it will force a realization that

For many people in their early careers, saving for retirement is low on the list of priorities. It can be tough to set aside money when there are more pressing bills to pay, such as student loan debt or childcare. People in their 20s and 30s are often working up to their full earning potential,

The United States has a high cost of living. The average American household spends $66,928 per year, according to the latest Consumer Expenditures report from the Bureau of Labor Statistics. More than 70% of this amount went to necessities—things like housing, transportation, food, and health care. With inflation currently running at 6.4%, costs are only

When Jackie called for advice about her mother in assisted living, she had been told that there was “a Medicare solution”. Her Mom, Perla, had been in a memory care home for three years and was running out of money. Someone had fed Jackie a falsehood. She had been told that the home would never