How Long Will You Live?
Life expectancy plays an important role in financial planning. It influences decisions about how much to save, invest, and/or insure to cover retirement, healthcare, long-term care, and other needs...
View ArticleDouble, Double, Toil, and Trouble
During the twentieth century, the world’s population doubled not once, but twice. While it is not expected to double again in this century, according to The Economist, the number of older people is...
View ArticleLongevity: A Reality Not A Risk.
Life expectancy has been increasing 15 minutes every hour for the last 50 years or so in the richer countries around the world, according to The Economist. That’s an increase of about 2.5 years per...
View ArticleHappy Birthday Social Security! Blow Out Your Candles
Social Security turns 80 years old today. Will it live to see 100? I sure hope so, but according to the Social Security Administration (SSA), the Old Age and Survivors Trust Fund (OASI) reserves are...
View ArticleSocial Security Benefit Reductions
It Wasn’t Just About The Budget Last week, the bipartisan budget bill was signed into law, averting a U.S. default and deferring further battle over debt and spending levels until presidential and...
View ArticleFourth Quarter Review…
FOURTH QUARTER REVIEW… The Federal Reserve pulled the trigger. At the December Federal Open Market Committee meeting, the Fed finally acted, tightening monetary policy by raising the funds rate from...
View ArticleHow are Required Minimum Distributions (RMDs) Like Your First Kiss?
REQUIRED MINIMUM DISTRIBUTIONS (RMDs) ARE A MILESTONE YOU REACH IN YOUR SEVENTIES. Of course, the major milestones of older Americans are not attended with the same sense of wonder that accompanies the...
View ArticleFederal Budget and Future Generations
WHEN SOMEONE SAYS, “FEDERAL BUDGET,” DO YOUR EYES GLAZE OVER? Apparently, enough folks tune out when the federal budget is mentioned that the Hutchins Center on Fiscal and Monetary Policy at the...
View ArticleRequired Minimum Distributions
AS YOU APPROACH THREE SCORE YEARS AND TEN, DON’T FORGET ABOUT REQUIRED MINIMUM DISTRIBUTIONS. Upon the occasion of his 70th birthday party, Mark Twain (a.k.a. Samuel Clemens) commented, “We have no...
View ArticleBest States for Retirement
THE ENVELOPE PLEASE… Every year, Kiplinger’s publishes a list of the best and worst states for retirees. It makes perfect sense that my parents live in one of the best… and I live in one of the worst!...
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