Since 2005 the population of individuals aged 65 and over in the U.S. increased from 36 million to over 50 million. It’s expected to double to nearly 100 million by 2060. When you take into account the fact that these seniors own over 75% of all financial assets (according to the Securities & Exchange Commission),…
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I’ve written before on the subject of cognitive decline. Prior research has indicated that (1) it increases with age and (2) you won’t know that it’s occurring (see At Some Point You Need To Stop Investing). A recent British study on retired civil servants concluded that there are some things you can do in retirement…
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Pardon me for paraphrasing a catch phrase from a ubiquitously marketed credit card. But were you aware that you actually have a lot of flexibility in terms of the investments you can choose to put into an IRA? Besides stocks, bonds, mutual funds, and ETFs, you can invest in real estate, gold bullion, and in…
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When asked in a Bankrate study in July, “What is the best way to invest money you wouldn’t need for 10 years or more,” 28% of millennials picked real estate and 23% chose cash. Only 17% favored stocks. This is the wrong way to build wealth. I’m not saying that real estate per se is…
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Since Medicare’s inception in 1966, the Part B premium had risen by an average of 7.7% per year. But in 2017 it increased nearly 28% for certain Medicare recipients. It turns out there is a way for you to limit those cost increases. The question is, should you? Let’s start with a quick review of…
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It goes without saying that eliminating worries about money is a key component of retirement peace of mind. But while financial security may be necessary for retirement happiness, it is not sufficient. I frequently encounter many new retirees who are having difficulty making the transition from spending forty hours (or more) a week at the…
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