Thoughts from a 50+ Minimalist

By Glen Spielbaur I admit it, I’m frugal, but I live life the way I want and enjoy every minute. Here are a few of my suggestions for the 50+ generations who want to live a minimalist lifestyle. Housing Many people live in larger more expensive homes that they don’t really need – even after

Changes in 2019: The Good News and Bad News

By David Freitag CLU, ChFC, CRPC —MassMutual Financial Planning Consultant Each year the Government announces changes to Social Security and Medicare that sometimes get lost in the fog of informational overload. Yet these changes are important for retirees. Here are the top 8 changes that will affect these programs in 2019. Some of these changes

Important Reasons to Take Social Security Benefits Early

By David Freitag CLU, ChFC, CRPC —MassMutual Financial Planning Consultant It is hard to make “one-rule fits all” generalizations about taking your Social Security benefits. When it comes to this decision, the best “one-rule generalization” is that “One Size Fits One”. Because we are all different, each Social Security decision could and should be custom

A Retirement Coach is Like a Golf Caddie

Imagine an amateur golfer playing in the Masters Tournament. Or even a professional golfer playing in the tournament without a caddie to talk through challenging shots. Do you think the results would be anything other than disastrous? A retirement coach is like a golf caddie. No, we are not here to carry and wash clubs.

Being “Fit” in Retirement

When planning for retirement, have you planned to do anything other than being financially “fit”? Complement being financially “fit” with being “fit” emotionally, socially and physically. Here are some suggestions to help you reach that goal. 1 Plan something to look forward to As with any change, retirement can be challenging. When going through times

The Road Less Traveled and Social Security

If you were born before Jan. 1, 1954, you are coming to a fork in the road for an important decision about Social Security. When it comes to selecting a Social Security filing strategy, perhaps Robert Frost said it best at the end of his famous poem The Road Not Taken: “Two roads diverged in

Medicare and Social Security Basics

In a recent survey of folks age 60-64 commissioned by MassMutual in August, 8 out of 10 respondents (79 percent) did not understand that a spouse age 65, who did not pay Medicare taxes, does qualify for Medicare because they are married to a worker who did pay Medicare taxes. Likewise, in another survey commissioned

Here’s How Much More the Typical Baby Boomer Makes than the Typical Millennial in Every US State

Older workers in the US tend to make more money than younger workers, but the extent of the income gap between generations varies among states. Using Census Bureau data, Business Insider found out how much more baby boomers earned than millennials in each state. The gap between baby coomer and milennial income is biggest in

Planning for a Fulfilling Retirement

During my career at AT&T as a Leadership Development Coach, I saved as much money as I could. I shared our society’s obsession with saving money for retirement. And for good reason. Baby Boomers have longer retirements and are living longer. Once I retired, I discovered I wasn’t as prepared as I thought I was.

Social Security and Medicare

Basic Yet Important Things to Know Social Security and Medicare can be challenging to understand. Here are a few tips to help keep you informed and navigate the maze. In 2018, when you make $1,320 and pay FICA tax on that amount, you earn one Social Security credit. You can earn up to four credits

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