Retirement Planning
Is a Nursing Home the Only Option for Long-Term Care?
If you or a loved one needs long-term care, other choices besides nursing home care may be available. Here are some of the other options.
Home care
Most people would prefer to stay in their homes as long as possible. Depending on your needs, you may only need help with some common daily living activities such as […]
Why is it Important to Factor Inflation Into Retirement Planning?
Inflation is one of the key factors you will need to consider when planning for retirement. Not only will the cost of living rise while you’re accumulating assets for retirement, but it will continue to rise during your retirement, which could last 25 years or longer. This, combined with the fact that you will not […]
Personal Robots
The robotics revolution, so far confined to factories and the cute little device that roams your house sucking up dirt, is about to hit closer to home. In Japan, so-called “carerobos” are now helping workers look after the elderly in assisted living facilities. In one facility, a large-eyed humanoid named Pepper leads the […]
Gender Differences in Retirement
You may have read that women are far more likely to face poverty in retirement than their male counterparts—but you may not realize just how big the disparity is. In fact, women are 80% more likely to fall into poverty toward the end of their lives, compared to men, according to a 2016 study […]
Nonprofit Board Membership: A Primer
If you’re looking for creative ways to “give back” to your community or society at large, consider joining a nonprofit board of directors. But where do you begin?
Assess your passions
“Passion for mission” is the most important criterion when recruiting board members.1 Are you an animal lover or concerned about children’s health? Do you currently support youth […]
Is the Social Security Administration Still Mailing Social Security Statements?
Your Social Security Statement provides important information about your Social Security record and future benefits. For several years, the Social Security Administration (SSA) mailed these statements every five years to people starting at age 25, but due to budgetary concerns, the SSA has stopped mailing Social Security Statements to individuals under age 60.
Workers age 60 […]
Managing Debt While Saving for Retirement
It’s a catch-22: You feel that you should focus on paying down debt, but you also want to save for retirement. It may be comforting to know you’re not alone.
According to an Employee Benefit Research Institute survey, 18% of today’s workers describe their debt level as a major problem, while 41% say it’s a minor […]
Aging Dilemma
Should today’s 70-year-old American be considered “old?” How do you define that term these days? Statistically, your average 70-year-old has just a 2% chance of dying within a year. The estimated upper limits of average life expectancy is now 97, and a rapidly growing number of 70-year-olds will live past age 100.
Perhaps more importantly, today’s […]
Aging Without Support
Probably the most forgotten minority in America is the “elder orphans”—aging retirees who no longer have a spouse (if they ever had one), no kids and no caregiver.
According to The Gerontologist magazine, about one-third of 45 to 63-year-olds are single, and most of them never married or are divorced. Meanwhile, about 15% […]
Setting Up a SIMPLE IRA Plan: It’s Simple!
Looking for a retirement plan for your employees that’s easy and inexpensive to administer? Well, there may be a simple answer: the Savings Incentive Match Plan for Employees of Small Employers, better known as the SIMPLE IRA plan. A SIMPLE IRA plan lets your employees defer up to $12,500 in 2017 ($15,500 if age 50 […]
