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

The Social Security “Green Line” Report – Get yours today!

By David G. Freitag, Financial Planning Consultant, MassMutual The Social Security Administration, in the past, mailed a full annual report to workers about their Social Security benefits.  The report was easy to recognize because the header on the top and bottom of the multiple pages contained bold green lines.  The “Green Line” form is important

Financial Pros and Cons of Getting Married Late in Life

Love is wonderful, but there may be a few practical questions to consider. I swore I would never remarry after my wife died from complications related to frontotemporal dementia (FTD) and Lou Gehrig’s disease at 53. The personality-altering disease took a toll on me as well. But that was 2014, and this is now. Like

What Millennials can Teach you About Living on a Budget

Millennials often get a bad name in the media and around the workplace. They’re frequently stereotyped as both arrogant and naïve. But maybe it’s time boomers and Gen Xers not only start giving Gen Y credit, but also following some of their financial habits. Learning about living on a budget the way millennials do might

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