April 29 is the last day for suspending SSI benefits for one spouse only. That doesn’t matter to me. But this does: Because I don’t yet collect SSI and pay my Medicare directly, my premium rose by 52% last year. Forever. Why? Beats me.
Posts in: Finances
I don’t know about the rest of the country, but Minneapolis turns out to have a red-hot housing market. I sold my home in just four days and got my asking price–which was several thousand above what I would have asked just a year ago. That means I’m going to have some cash to invest.Read more
Community education courses are an affordable option for writing a simple will or health care directive.
More and more people claim they plan to keep working past the traditional retirement age. In 2015, about 36 percent of people over 25 said they planned to work past age 65. But things don’t always go according to plan, as the University of Michigan Health and Retirement Study (HRS) shows. The HRS has beenRead more
The flow of freelance work has been a little slow for the past few months. A blessing, really, since care-giving has taken up so much of my time. It’s been good not to have to push myself to the breaking point. At most times in my career, however, I’d have been in a panic byRead more
I had dinner with a friend on Saturday. She’s a few years younger–not yet even to early retirement age. But she’s definitely in the pre-retirement burnout phase. Her job is demanding, and in the current business climate, it’s no longer fulfilling. The tipping point, though, was last fall when she found out the worker onRead more
According to the National Health Interview Survey, “Employed older adults had better health outcomes than unemployed older adults.” But correlation doesn’t equal causation. Maybe working longer keeps people healthy. Or maybe people have to leave the workplace when their health fails them. As we learned during the Great Recession, six months of unemployment makes itRead more
LPL Research just published a “Retirement Index” that gives each of the 50 states a letter grade for “attractiveness to pre-retirees as they prepare for retirement.” So, in fact, I’m not the target audience, which is the “45-to-64-year-old cohort”—the Baby Boomers who are looking ahead and, we hope. Learning from the experiences of their seniors.Read more
The phrase “working past retirement” has become so common that we might forget it makes no inherent sense. “Retirement” used to mean “when you stopped working,” and by definition if you were still working, you weren’t retired. In truth, it was probably never that simply. My grandfather retired from farming–moved to town, sold the farm.Read more
This is what makes retirement planning difficult: A recent article in the AdviceIQ column of Nasdaq.com says: What about the adage that you spend 75% of your annual current expenses when you retire? Hogwash. If you are a spender, shopper, traveler or golfer, retirement gives you more time to spend more money on what youRead more