Crafty Savings as You Plan for Retirement this Holiday Season
As retirement approaches, learning ways to spend less during the holidays is helpful! Shifting focus to doing so before retirement can also prepare you for when you’re living in the longest, self-imposed period of unemployment—heedless of what your retirement portfolio may look like! Rethinking budget is a great first
Annuities: A Longevity Risk Solution
What makes an annuity tick? Short answer: Annuities are contracts made with an insurance company. Your annuity can be personalized to fit your exact needs. The downside? The options can be overwhelming. Types of Annuities Fixed, variable, and fixed-indexed annuities are the three main types. Each comes with benefits
When Planning to Age in Place
Trying to plan may be hard since you never know exactly what your needs will be. But thinking of what may happen and those what ifs are great places to start. Consider your family medical history and your personal medical history. Think of your living situation, too. Have you
Your Options for Facility-Based Care in Retirement
Nursing homes are not your only option for care in retirement. Some facilities offer only housing and housekeeping, but many do provide a more personal care and even medical services. Oftentimes, with medical care there are specialized units for memory care or specific disabilities/illnesses. Nursing Homes With a wide
Does Semi-Retirement Expose You to More Risks?
Retiring is tricky enough, and retirement planning is also not a walk in the park. Those who decide on a semi-retired life should be aware of a few things before moving forward. Working for Your Current (and likely last) Employer: Depending on the company, if you reduce your hours,
What the Social Security 2023 Increase Means for You Now and Later
The Social Security Administration announced that there will be an 8.7% cost-of-living-adjustment (COLA) beginning January 2023. Overall, this means benefits will increase an average of $140 a month. The COLA rate is determined by the consumer price index (CPI) which relies on the U.S. inflation rate. While many thought