As social distancing becomes the new normal and economic concerns continue, consumer habits are undergoing an unprecedented transformation. While many of these changes in buying behavior are likely temporary, some practices may remain in place long term.
What’s your plan for paying for long term care as you grow older? Given the cost involved, protecting your retirement funds through advance preparation and a well-conceived strategy is the way to go.
According to the Federal Trade Commission, Americans have already lost an astonishing $77 million to pandemic-related scams.
In fiscal matters, they say panic isn’t a strategy. But neither is indecision. That’s why gaining perspective from a knowledgeable, trusted financial professional is so important in the face of adversity.
Historically, owners of retirement accounts (including IRAs, SEPs, Simple IRAs, 401(k)s, and other defined benefit plans) were legally required to start taking withdrawals by April 1 of the year after they turned 70 and ½.
According to the U.S. Census Bureau’s 2017 National Population Projections, all baby boomers will be older than age 65 by the year 2030. This will expand the size of the senior population such that one in every five American residents will be of retirement age. As older citizens become more populous, accessory dwelling units, or ADUs, are emerging as a popular trend.
Navigating the Medicare Maze: In our last blog, we explored some helpful tips to make your transition into retirement a smooth one. In addition to plans for retirement income and Social Security, you should develop a strategy for your Medicare coverage.
The concept of retirement used to be pretty simple: stop working and start playing. But today, retirement is less about retiring from work and more about entering a new phase of life.
It’s not surprising that seniors who are moving from their home into an assisted living community typically encounter some degree of difficulty adjusting to their new surroundings. If you and your parents have decided it’s time to make the move to assisted living, there are a number of strategies you can put in place to ease the transition and help them feel comfortable in their new home.
Baby Boomers form the largest trained pool of potential future employees ever available to American businesses. If you’re in this elite group and are planning to remain on the job or are considering an encore career, there’s plenty of good news for you.
