The idea of retiring, packing up and starting fresh in a sunny spot or at the foot of some cool mountains may sound intriguing, but have you really thought it out? Some financial, practical and emotional issues to take into consideration first.
Here’s an upsetting situation that comes up a lot, and may have come up for you: is someone financially taking advantage of Mom or Dad? Here’s an upsetting situation that comes up a lot, and may have come up for you: is someone financially taking advantage of Mom or Dad?
It’s a pretty legitimate concern to have. To begin with, most people know that there are plenty of “scammers” out there, phoning or mailing older adults with deceptive information designed to hoodwink them out of some of their savings.
Source: Better Health While Aging
There’s good and bad news on the horizon, including the biggest annual cost-of-living increase in 40 years, but also an offsetting rise in Medicare premiums.
And people who turn 62 in 2022 — meaning they are newly eligible for Social Security — have two things to cheer about. The 5.9% COLA will be factored into their future benefits even if they don’t claim benefits until later. And those newly eligible beneficiaries, who were born in 1960, can expect an increase in their future benefits based on an increase in the latest average wage index rather than the previously forecast decline.
Source: Investment News
Older adults tend to lose the most money to scams because criminals target them with costly schemes. Here’s how you can protect yourself.
The check for $4,870 took Patty Remmell by surprise. Remmell, 66, expected to receive $1,217.50 as a 50% deposit on a writing project she was completing for a new contact who had reached out to her on LinkedIn. Then the contact sent an email explaining that his organization wanted her to complete a second project and had processed payment for both together.
This Workbook is designed to help people with a serious illness get ready to talk to their health care team (doctor, nurse, social worker, etc.) about what is most important to them.
Source: Conversation Project
There’s good and bad news on the horizon for Social Security in 2022. First, the good news: Next year, benefits will increase by 5.9%, the biggest annual cost-of-living increase in 40 years.
Source: Investment News
The What if … Workbook™ has been created to serve as a comprehensive guide assisting individuals and families in putting their personal affairs and final wishes in order as a Gift of Preparedness to those who may be affected in the event of dramatic life changes.
Source: What If Workbook