Are you tired of visiting the gas pump more often than your own mother? Are you tired of the smell of gasoline lingering on your clothes after a fill-up? Well, have no fear because electric vehicles (EVs) are here! As a long-time EV owner myself, I can tell you that switching to an EV is […]
The looming prospect of a recession has led to mounting fears among the estimated 8.9 million people planning to retire in 2023. With fewer jobs available and the potential for continued economic troubles, these individuals may see their retirement savings and plans affected, leading to uncertainty and concern regarding their ability to reach their financial […]
For retired people in the United States, the recent interest rate hikes by the Federal Reserve are good news and bad news. The good news is that retirees will see an increase in their monthly income from their savings accounts and some other investments. The bad news is that it will become more expensive to […]
Baby Boomers in the United States are aging with more financial security than previous generations. However, there are some unique challenges that this generation faces that may not have been present for their parents or grandparents. In this blog post, we will explore some of these challenges and discuss strategies to help baby boomers navigate […]
The baby boomers are aging, and many are looking forward to the retirement years they have worked hard for. Unfortunately, however, their plans for retirement are being disrupted by a volatile stock market and increasing inflation. These retirees are being locked into low-interest bonds, annuities, and other investments that do not keep up with inflation. […]
A series of recent audits have revealed a concerning trend in the way that Medicare Advantage plans have been receiving payments from the government. According to reports, a sampling of billings showed nearly $12 million in net overpayments for about 18,000 patients between 2011 and 2013. The Centers for Medicare and Medicaid Services (CMS) had […]
If you have a 401(k) or IRA you can thank the IRS for making some changes primarily based on the effects of inflation on the economy. 401(k) and IRA Plans 401(k) plans help people save money for when they stop working. Your employer might help you save money by giving you extra money to put […]
