Posted by Richard on December 30, 2014
The answer is simple: enough to ensure that if you (or a covered family member) get sick or injured, you’re not footing the entire medical bill on your own. If you receive health insurance through your employer, your choices are limited. Some employers will offer plans from multiple health insurance providers, but most limit […]
Read More →Posted by Richard on November 19, 2014
When the growing problem of student loan debt is discussed in media reports, most of us assume the borrowers in question are young people in their 20s and 30s. But new government research has revealed that the number of Americans aged 60 and older who are still saddled with unpaid student loans has risen precipitously […]
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Disability insurance addresses lost wages that stem from an inability to work. Long-term care insurance, in contrast, addresses expenses associated with medical care provided to you in your home, a nursing home, a rehabilitation center, or an assisted living facility. Disability insurance policies may address either short-term or long-term needs for income. Short-term disability […]
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Self-employment is an important career choice for many people, and it is an option elected by many seniors and baby boomers. But with this choice comes the need to provide your own health insurance, which can be a formidable expense. And, thanks to the Affordable Care Act, a necessary one starting in 2014. If you […]
Read More →Posted by Richard on October 22, 2014
Say so-long to the days of “empty nesters,” when parents would make life changes once their children had moved out and moved on. It is more likely that parents today are dealing with a “full nest.” A study in 2010 by researchers at Columbia University using the U.S. Current Population Survey found that 52.8% of […]
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The use of Roth 401(k)s by retirement plan sponsors has been on the uptick for the past several years. According to research conducted by PLANSPONSOR.com, 52.4% of employers now offer a Roth-type defined contribution account, compared with only 11% in 2007. Among the largest plans (those with more than $1 billion in plan assets), […]
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The good news for Medicare is that the program’s outlook has improved considerably in the past year. According to the trustees, Medicare’s Hospital Insurance Trust Fund is in good shape until 2030 — that’s four years longer than the trustees projected last year — and 13 years longer than they anticipated the year before the […]
Read More →Posted by Richard on September 2, 2014
One of the key determinants of retirement income planning is the expected rate of return on your investments. Conventional analysis typically relies on long-term performance averages to gauge a retiree’s spending limits. Increasingly, however, planning experts say that for those who are withdrawing from a portfolio, it is not just the average rate of investment […]
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A survey conducted by the nation’s first private online health exchange, eHealth, Inc., explored the attitudes of young adults aged 18 to 25 regarding the new health care landscape and the influence that the Affordable Care Act is having on health care costs. Among the 220 survey respondents, all of which had purchased their […]
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As Baby Boomers grow older — and presumably wiser about economic matters — more are finding themselves in a position of caretaker for elderly parents. Raising the topic of money with parents can be difficult. But with the right choice of words, timing, and tone, you can open the door to a meaningful conversation. […]
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