If you’re like a majority of Americans, dealing with your finances is stressing you out and wreaking havoc on your health. That’s the conclusion of a new report that asked people’s opinions about their money and their financial outlook. Of the 1000 people surveyed, about 60 percent said managing their money affected their mental health [...]
It’s the end of an era, at least for Baby Boomers. Some have already retired; many more can see the finish line of their working years. For Boomers with highly appreciated company stock in their 401(k) a major decision is whether to do an IRA rollover, leave the money in the employer plan, or use [...]
There’s a common misconception that Medicare is a simple, automatic process when you turn 65. Nothing could be further from the truth. The responsibility to enroll is on your shoulders, and if you miss deadlines or don’t enroll in just the right way, you can incur penalties that will consume chunks of your retirement income [...]
What is a Fiduciary? You may have heard the term in recent times due to the ongoing debate about whether stockbrokers should be held to such a standard. Since doing so would make it harder for them to sell you things that pay them high commissions, peddlers of Wall Street’s wares are, as one might [...]
Knowing the various Social Security benefits available to you and the best time to claim those benefits can be a challenge. It requires research on your part, because many people are getting incorrect information from Social Security representatives, as noted in an audit by the Social Security Administration’s Office of the Inspector General. But how [...]
I’ve been telling you for a while that some people who bill themselves as financial advisors are really financial salespeople, which begs the question, “Are they really acting in your best interest?” Apparently, the federal government now agrees with me. It’s become popular for brokers to market themselves as financial advisors. They tell you they [...]
Just the thought of retirement is fraught with what-ifs. What if I live 30 or 40 years after I retire? What if I run out of money? What if I need long term care? But the retirement issue almost no one talks about is Senior depression. It’s usually underdiagnosed, seldom recognized, and almost never planned [...]
Tom Petty is in good company, not just as a rock-n-roll legend, but as another star whose estate is in turmoil. The plethora of lawsuits are Free Fallin’ as Petty’s wife, Dana, and the two daughters from a previous marriage, Adria and Annakim, fight over control of the $95 million he left behind. Unlike Aretha [...]
Stay In Touch