Retirement

The incoming Trump Administration has been sending mixed signals about the fate of Medicare. But if Trump advisers and GOP lawmakers are serious about slashing government spending it is hard to see how they will ignore the program, which last year cost $850 billion and accounted for about one out of every six dollars the

As 2024 draws to a close, it’s time to plan for the New Year. One important budget item that many are reluctant to address is Medicare costs. A quick overview of the 2025 costs should provide a head start. Costs That Apply to Anyone on Medicare There are some costs that any Medicare beneficiary faces.

In a recent interview with Shane Parrish, Whole Foods founder John Mackey talked a lot about wealth—what it means to him and what it doesn’t. He told a particularly compelling story about what he didn’t want wealth to look like for him. He was going to meet with Jeff Bezos to discuss Amazon buying Whole

The Biden administration appears to have pulled off the elusive economic soft landing, getting inflation in check without crashing the economy into a recession. While inflation has been easing downward, it has still been pinching retirees’ budgets. The bad news is that shrinking inflation rates also mean a smaller Social Security cost-of-living (COLA) for 2025.

“I don’t want to live a long time. My parents really suffered in their final years.” I’ve heard this sentiment from relatives and friends who watched their parents really struggle with health and financial issues in their final years. It’s also a common thought of surviving spouses who find themselves alone and frail. If you

It Happens With Aging Parents At A Distance Like many adult children with aging parents, the brother and sister in this true scenario were increasingly worried about their 90-year-old Mom who lived alone. Mom had cognitive impairment, probably dementia, but it had never been formally diagnosed. The siblings are in their 60s with full time

This article is written to provide you with the reasoning for the Windfall Elimination Provision (WEP). There has always been a debate as to whether this provision is fair or not. Share your comments below describing your thoughts. For years there has been much talk about repealing the Windfall Elimination Provision (WEP) for those retirees

If you are like many people, you put off finalizing estate tax planning until the results of the 2024 election were in. Some people held off on any gifting to make a final decision. Others set up trusts and gifted smaller amounts to them as a placeholder. Now that the White House and both houses

When it comes to ambition, pacing and purpose, every generation has its own healthy operating beliefs. There’s overlap but overall, the development of wisdom is cumulative and comes about from the processing of life experience, something that happily retired baby boomers who are happy in retirement have in abundance. Nevertheless, for baby boomers, the temptation

Holiday season is scammers’ season too. Millions of people shop online at this time, with record spending expected. If your aging parents are online shoppers, help them to see the tactics thieves use to steal their personal information. Personally, I do a lot of online shopping for the convenience. I have gotten these fake text

The new British TV series The Jackal on Peacock, starring Eddie Redmayne, offers a compelling and unsettling journey into the life of a paid assassin. It’s a strange ride: you spend so much time with The Jackal, you find yourself rooting for him, even as he, you know, kills people, many who are innocent of

Share to Facebook Share to Twitter Share to Linkedin Thinking about living abroad? You’ve come to the right place. International Living just released its Annual Global Retirement Index—which highlights the best places to move (or retire). It’s been a hot topic in the wake of the recent U.S. election, which has sparked a wave of

Would you like to help change the world or your family’s lives by leaving a legacy, but you want to be responsible in the process? Here’s another common goal you may have: You want to be alive to see the benefits of your legacy instead of waiting to pass along all your money until after

The year 2024 is almost in the books. However, before the ball drops there are financial planning considerations that should be considered. This is especially true for high-net-worth families. Below I have outlined 12 financial planning ideas to consider before year-end. 1. Required Minimum Distributions or RMDs: RMDs apply to folks who are 73 or

Ankur Nagpal started Teach:able, a platform for independent course creators, in 2013, with the dream of democratizing access to education. The first-generation immigrant from Oman, a 2010 graduate of the University of California, Berkeley, scaled that startup to $60 million in annual recurring revenue. He sold it to Hotmart, a platform that allows users to

Do you have any idea of how you would care for both your parents and kids? Would caring for your parents leave you broke? Whether you like it or not, at some point, your parents will likely need your assistance as they age. How you handle it is up to you. Is Sandwich Generation Financially

One week before Thanksgiving, I spoke with a woman who was not happy with her Medicare Part D plan. “I need to change and would like to get my husband’s Mutual of Omaha drug plan. He’s very happy with it and not going to make any changes.” An alarm bell went off in my head.

As we approach the end of 2024, there is cause for optimism. The market has performed well, economic data indicates a strong labor market, and wages are keeping pace with inflation. While we cannot control the uncertainty of the economy, market conditions, or the future tax environment, investors can create a well-structured plan to help

Do you ever feel ovewhelmed in trying to be available for your aging parents while trying to keep your own work/life/family together? You want to be a loving adult child, but some parents can be very demanding. They might expect you to be at their beck and call and you feel gulity if you say

Many estate plans aren’t as solid as the estate owners and their families believe. Key defects are widespread. The imperfect estate plans either won’t deliver the expected results or meeting their goals will cost significantly more than anticipated. Be alert to the possibility that your estate plan has one or more of these gaps. Letting