Author: Editorial Team

health insurance for 55 and older

Health Insurance for 55 and Older: Real Life Questions and Answers for Health Insurance Before Medicare Eligibility

Many people want to retire before they are eligible for Medicare at age 65.  However, figuring out health insurance — and how to afford that coverage — is very difficult.  Health insurance for 55 and older can be very expensive, depending on your circumstances!  And, let’s face facts, health factors are more prevalent and unpredictable…

Long Term Care: Avoid the Pike Syndrome, Look the Problem in the Face and Make a Plan

No one wants to think about needing long term care. And, figuring out how you are going to pay for it (if you are among the potentially 70% who will require it) isn’t fun.  Of course you hope you’ll be in the 30%! Darol Tuttle is an accomplished attorney with over 23 years experience in…

Average Retirement Debt: Older Americans Have More Debt than Ever Before!

One of the greatest threats to retirement today may not be saving too little, but owing too much. According to the Federal Reserve Bank, Boomers (Americans born between 1946 and 1964), are carrying ballooning amounts of debt into retirement.Will your debt take a big bite our of your retirement? For many people, that debt is…

Social Security 2018

Social Security Announces 1.3% Cost of Living Adjustment (COLA) for 2021

In October, the Social Security Administration announced a modest 1.3% Cost of Benefit Living Adjustment (COLA) for 2021.  How will this small increase affect retirees? The Social Security 2018 increase is big, but definitely NOT that big. The average Social Security recipients will receive a mere $20 monthly bump in 2021, which will buy you…

how to make money in retirement

How to Make Money in Retirement: 14 Real and Really Easy Ways to Boost Income

Regardless of where you are in life, it’s always nice to make some extra money.  And that is especially true in retirement. But, how to make money in retirement when you’re supposed to be simply enjoying the easy life?  The retirement gigs listed below won’t be quite enough to cover retirement expenses, but they won’t…

make the most of medicare Close up of senior woman in checked blue shirt inside vintage pickup truck

Reverse Mortgage Disadvantages and Advantages

For many people, a Reverse Mortgage is a good way to increase financial well-being in retirement – positively affecting quality of life. And while there are numerous benefits to the product, there are some drawbacks — Reverse Mortgage disadvantages.Reverse Mortgages are providing improved financial security, a better lifestyle and real financial relief to thousands of…

Will the Coronavirus Impact on Investment Markets and the Economy Be Particularly Difficult for Retirees and People Close to Retirement?

Here are some thoughts from Jim Seifert on the economy and retirement amid the coronavirus crisis. Jim was a serial entrepreneur from age 17 until age 40. After which he was a financial Advisor for RBC Investments and Merrill Lynch Bank of America from 40 until 58.  He has an MBA and CFP(r) and worked…

The Grapes of … Roth Conversion: A Fruitful Strategy for Retirement Wealth

Tax deferred? Tax free? Tax advantaged? It might sometimes feel a bit taxing to think about the tax implications of a Roth conversion. However, it is probably worth your brain power because a Roth conversion can be tremendously beneficial in the right circumstances. What is a Roth Account? A Roth account is a type of…

retirement gifts

Retirement Gifts: Find Thoughtful and Funny Retirement Gift Ideas

There are so many great retirement gift ideas. Browse this list for meaningful, funny and thoughtful retirement gifts. Retirement is a Big Deal… So, Find the Best Retirement Gift Of all the life transitions that merit gifts — graduation, marriage and the birth of a baby — retirement might be the most significant change and…

Retired, Abruptly: Here Are the Lessons I Learned

This piece comes from Scott Allen who is now five years into enjoying his retirement and pursuing more active work and service opportunities. My retirement did not go according to plan.“Involuntarily separated from the organization” was the official, legal term for my then, current, employment situation. “Smoked, like a Hormel canned ham” was how my…

Tax, Medicare and Social Security Updates — November 2019

  We just rolled out several significant retirement planner updates and recommend that you review your plan to see how the improved modeling impacts your forecast. Explore potential opportunities before year end. The improvements described below will allow you to explore ways to potentially save money on Federal & State taxes through strategies like Roth…

Retirement Calculator With Pension: Find the Inputs You Need!

While pensions are not nearly as common as they once were, they are a very important part of the retirement plans for many of society’s most valued workers: teachers, police officers, fire fighters and more!  However, it is surprisingly hard to find a reliable retirement calculator with pension inputs. 5 Retirement Calculators With Pension Controls:…

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