Regardless of who wins the election, Social Security will surely remain a hot button issue. The program currently pays out more than it takes in, and this trend is likely to continue. The Social Security trust fund was projected to run out in 2035, at which point about 79% of benefits would be payable.[1] However, [...]
Online scams have been on the rise since the start of the COVID-19 pandemic, and new kinds are popping up. Scammers tend to target older adults, especially those more vulnerable to the virus. Many scams use fear and panic to make the victim act quickly without thinking first. That’s why it can help to know [...]
If you’ve ever left a job, you may have had to decide what to do with your old 401(k). You might have rolled it over into a 401(k) at your new job or even forgotten about it when you were younger. But if you’ve recently lost your job, retired, or left your job for another [...]
By the year 2035, Americans 65 and older are expected to outnumber those under 18 for the first time in our country’s history. In just 10 years, people over 60 will make up the largest consumer market segment and hold a majority of the wealth. In a culture that tends to glorify youth and doesn’t [...]
If you’re just trying to get through the present, you’re not alone. But, that doesn’t mean you can forget to look to the future and prepare for challenges you could face. There are indications that we could see higher taxes in the future, more market volatility, and continuing low interest rates. Here are three trends [...]
Our culture is very youth-focused, but we all instinctively feel reverence for people who have experienced much and gained wisdom from their long years. A positive attitude towards aging can go a long way towards finding happiness in retirement by giving us something to look forward to. Here are some wise words about aging. "How [...]
Most people assume that their tax burden will dramatically decrease in retirement once they stop receiving a paycheck, but this isn’t always true. A high tax bill is one retirement risk to be aware of and to try and mitigate. We may be experiencing relatively low taxes right now, but a change in leadership in [...]
They say there are people who watch things happen, people who make things happen, and people who say, “what happened?” You certainly don’t want to be the last kind, and it's not so great to be the first kind, either. But distractions can get in the way, and the best of us procrastinate. COVID-19 may [...]
