5 Signs You Might Be Better Prepared for Retirement Than You Think

5 Signs You Might Be Better Prepared for Retirement Than You Think

Article Excerpt: "...you don’t necessarily have to be alarmed if you aren’t sporting a seven-figure balance in your retirement nest egg. In fact, there are plenty of retirees that not just survive but actually thrive with much less in savings. Here are some of the signs that you might be better prepared for retirement than you think. You’ve Paid Off Your Mortgage Housing is the biggest monthly expense for most Americans. If you’ve paid off your mortgage by the time you retire, however, you eliminate that huge expense from your monthly budget. ...average payment on a mortgage initiated in 2023 being $2,317"

Resource: yahoo.com

Reverse Discrimination Ends in College Admissions | Supreme Court outlaws RACE as a factor in college admissions ending affirmative action

Supreme Court outlaws RACE as a factor in college admissions in major affirmative action ruling: Justices vote 6-3 to rule Harvard and UNC programs unconstitutional

Article Excerpt: "...The justices decided in a 6-3 opinion that Harvard University and the University of North Carolina at Chapel Hill (UNC)'s race-based affirmative action admissions policies are unconstitutional. ...The case, Students for Fair Admissions Inc. v. President & Fellows of Harvard College, was argued before the justices last year.

Lawyers sued the universities over their race-based admissions policies on behalf of student activist group Students for Fair Admissions.

Specifically, Harvard was accused of violating Title VI of the Civil Rights Act, a landmark piece of legislation first proposed by John F. Kennedy that sought to outlaw racial discrimination. "

Resource: www.dailymail.co.uk

Harvard Coporation, Reverse Discrimination Ends in College Admissions, Supreme Court outlaws RACE as a factor in college admissions, affirmative action ruling,

Number 1 Best Place to Retire in the South

Best Places to Retire in the South

Article Excerpt: "Naples, Florida is number 1. It shouldn’t come as any surprise that a Florida city tops this list. ...Cumming, Georgia This Georgia town ranks second on our list of the best places to retire nationwide..."

Resource: smartasset.com

Best Place to Retire in the South, Cumming Georgia, Naples Florida, Orange Park Florida,

Average Retirement Income 2022: How Do You Compare?

Average Retirement Income 2022: How Do You Compare?

Article Excerpt: "The median annual pension benefit ranges between $9,262 for private pensions to $22,172 for a state or local pension, and $30,061 for a federal government pension and $24,592 for a railroad pension. ..."

Resource: www.newretirement.com

Average Retirement Income 2022, Median annual pension benefit 2022,

How Lack of Financial Literacy Is Negatively Affecting Americans’ Retirement Savings

How Lack of Financial Literacy Is Negatively Affecting Americans’ Retirement Savings

Article Excerpt: "With inflation dominating the financial lives of Americans in 2022, workers and retirees of all ages cut their retirement savings, struggled with debt and found it difficult to make ends meet. According to a recent Federal Reserve study, those with low levels of financial literacy found it even harder to cope and save for retirement. ...Fed study linked a lack of knowledge to participating in financial decision-making and managing investments, it also found that retirees with private income, like investments and pensions, reported higher levels of financial well-being than those who relied solely on Social Security. "

Resource: yahoo.com

Inflation,Biden Economy 2023,Education,

Do You Need Life Insurance in Retirement?

Do You Need Life Insurance in Retirement?

Article Excerpt: "...You could need life insurance in retirement to cover final expenses, pay off your final debts and estate taxes, and leave an inheritance. If you've already got these goals covered though, then you likely no longer need life insurance. Not surprisingly, there's no one-size-fits-all answer. But we'll help you consider the different variables that impact your situation to determine what's best for you. ..."

Resource: www.investopedia.com

Life Insurance in Retirement,

Vanna White reacts to 'Wheel of Fortune' co-host Pat Sajak retirement news

Vanna White reacts to 'Wheel of Fortune' co-host Pat Sajak retirement news

Article Excerpt: "...White concluded her tribute to Sajak by saying, “Cheers to you, @patsajak!” Sajak announced Monday that he’ll be spinning the wheel for the last time next year in a statement posted to Twitter, saying, “Well, the time has come. I’ve decided that our 41st season, which begins in September, will be my last.” “It’s been a wonderful ride, and I’ll have more to say in the coming months. Many thanks to you all. ..."

Resource: www.wjcl.com

Bank Bailout of 2008 | Remembering What We Keep Repeating | Making the Wealthy Criminals Wealthier

The 2008 Crash: What Happened to All That Money?

Article Excerpt: "The 2008 financial crisis had its origins in the housing market...transforming mortgages into securities ...the latter 1970s, when politicians hoping to jolt a stagnant economy pushed deregulation. Over several decades, policymakers eroded Glass-Steagall separations. Most of what remained was repealed in 1999 by act of Congress, allowing big commercial banks, flush with the deposits of savers, to lumber into parts of the financial business that had, since the New Deal, been the province of the smaller, more specialized investment banks...."

Resource: www.history.com

Economics, Bank Bailouts,Free money for Biden Donors (Bank Bailout 2023),Poor Leadership,Deregulation of the Financial Industry,Destruction of America,Destruction of Retirees,

How long will my $1 million last if i withdraw $54,945 per year? 21 years using the following data...

How long will my $1 million last if i withdraw $54,945 per year?

Article Excerpt: "1 million dollars will last 21 years with an Average Investment Return (Before Taxes) of 4%, with a Marginal Tax Bracket of 10%, withdrawing $54,945 per year, with an Inflation Rate of 2% (Trump era data), ...or if you alter the inflation rate to the current 4% under Biden in May of 2023 your money would last 17 years. Use the CreditDonkey Calculator to determine your applicable situation."

Resource: www.creditdonkey.com

Trump vs Biden Retirement Economics, How long will one million dollars last in retirement?, Pensions vs savings, How do politics impact your retirement?,

U.S. 2021 Average Monthly Electric Bill - Residential (PDF)

U.S. 2021 Average Monthly Electric Bill- Residential

Article Excerpt: "2021 Average Monthly Bill- Residential via U.S. Energy Information Administration (Data from forms EIA-861- schedules 4A-D, EIA-861S and EIA-861U). ..."

Resource: www.eia.gov

U.S. 2021 Average Monthly Electric Bill- Residential

Core Inflation Continues to Slam Retirees | CPI for May Shows Reduction

Inflation Dropped to 4% in May—But the ‘Biggest Risk' Is That Core Inflation Prices Will Remain

Article Excerpt: "..."The journey to 2% inflation has been stuck in a holding pattern," says Greg McBride, chief analyst at Bankrate, citing core prices that have risen steadily for several months. This "sticky" core inflation is the result of "an imbalance between demand and supply," with too many dollars chasing too few goods, says McBride. ...Shelter costs account for nearly a third of the CPI, and rose by 0.6% in May. ...other housing-related expenses like property insurance, maintenance and property taxes are still rising, says McBride. "

Resource: www.nbcnewyork.com

Core Inflation vs CPI, CPI May 2023, Inflation Continues to Pound Retirees Under Biden Economy,

Medigap vs. Medicare Advantage: Which Has More Benefits?

Medigap vs. Medicare Advantage: Which Has More Benefits?

Article Excerpt: "...the differences between Medigap and Medicare Advantage and what each is used for...Premiums are often higher when you have Medigap coverage, but you can reduce your out-of-pocket expenses. Thus, it may be suitable for those with health conditions that require frequent attention. However, Medigap coverage doesn’t include prescription drug coverage and can’t be paired with Medicare Advantage. In fact, it is illegal for anyone to sell Medigap to you if you have a Medicare Advantage plan. To qualify for Medigap, you generally must be 65 years of age or older. ..."

Resource: smartasset.com

Medigap,Medicare Advantage,

6 Truths about Medicare Supplement Insurance Plans

6 Truths about Medicare Supplement Insurance Plans

Article Excerpt: "For many individuals covered by Medicare, the thought of being responsible for 20% of all their medical expenses can be nerve-wracking...Medigap only pays secondary to Original Medicare as the primary coverage. Clients who enroll in a Medicare Advantage plan, managed by private insurance companies, can only buy a Medigap plan if they are returning to Original Medicare. ..."

Resource: www.thinkadvisor.com

Medicare Supplement Insurance Plans,Medigap,Traditional Medicare vs Medicare Advantage,

Traditional Medicare vs Medicare Advantage

Medicare Advantage? Medicare Disadvantage would be a better name.

Article Excerpt: "...the federal government reported that 13% of denials in Medicare Advantage would not have been refused under traditional Medicare. Medicare Advantage plans are also increasingly ending nursing home and rehabilitation care before providers consider patients ready to go home. While medical professionals make those decisions under traditional Medicare, in Medicare Advantage the insurer decides. So instead of innovating care, Medicare Advantage seems to mainly withhold it. It has also proven to be costly. Because such plans get higher government payouts for sicker patients, ..."

Resource: www.newsobserver.com

Traditional Medicare vs Medicare Advantage,

Is It Better To Save Up for Retirement or Pay Off Debt? Financial Pros Weigh In

Is It Better To Save Up for Retirement or Pay Off Debt? Financial Pros Weigh In

Article Excerpt: "Anat says it depends—and she knows that response will likely elicit big sighs. "[It’s] the world’s most annoying—yet true—answer, which I hate to give as much as I hate when my therapist says it to me," Anat says. "It’s a matter of what type of debt you hold and your own personal preference." Another financial pro agrees with Anat. "It depends on what kind of debt you are referring to," explains Krisstin Petersmarck..."

Resource: www.yahoo.com

Savings vs Debt,

Took a Coronavirus Withdrawal From Your Retirement Plan in 2020? Time May Be Running Out to Repay It and Save on Taxes

Took a Coronavirus Withdrawal From Your Retirement Plan in 2020? Time May Be Running Out to Repay It and Save on Taxes

Article Excerpt: "...while those withdrawals weren't subject to penalties, they were subject to taxes. However, savers were also told that if they repaid their withdrawals within three years of taking them, they could get their taxes back. At this point, though, the window to repay that money may be shrinking for some people. So if you took an IRA or 401(k) withdrawal in 2020 and you're able to put that money back, it pays to get moving. Why get stuck with unnecessary taxes?..."

Resource: www.msn.com

Average Retirement Debt

Average Retirement Debt

Article Excerpt: "...According to an earlier survey from the Boston College Center for Retirement Research, 8 in 10 middle-income Boomers currently have some debt. Three in 10 devote more than 40% of their monthly income to debt and a quarter have a mortgage with more than 20 years remaining on it. More than half say they intend to enter retirement debt free, but only one-quarter of retired Boomers actually are debt free. ..."

Resource: www.newretirement.com

Mortgage Debt,Debt in Retirement,

Her mom died in 2016, but she kept collecting her retirement benefits, feds say

Her mom died in 2016, but she kept collecting her retirement benefits, feds say

Article Excerpt: "By January 2020, she had stolen at least $50,210 in Social Security Administration Retirement Insurance Benefits paid to her mother, according to the U.S. Attorney’s Office for the District of Massachusetts. ..."

Resource: yahoo.com

Theft of Public Funds

Never Use Autopay for These Bills, According To Financial Experts

Never Use Autopay for These Bills, According To Financial Experts

Article Excerpt: "...Paying bills is a chore you can avoid by automating as many as you can — and many people do exactly that every month. But scheduling automatic payments on the wrong accounts can invite unintended consequences. “Automatic bill pay is, for many, a lifesaving convenience,” said Carter Seuthe, CEO of Credit Summit. “If you have the money in your account reliably, you just set it and forget it. But convenience can also..."

Resource: www.gobankingrates.com

Autopay

Will Divorce Destroy Your Retirement Savings?

Will Divorce Destroy Your Retirement Savings?

Article Excerpt: "...take the time to understand what exactly divorce means for their retirement plan, and know how they can deftly navigate the potentially devastating toll. Let’s explore the ways divorce could destroy your retirement savings — and what to do about it. ...A common question in the land of the divorced and soon-to-be divorced is about Social Security benefits. How do those work/apply in the land of broken marriages?"

Resource: yahoo.com

Divorce and Retirement,Pension vs Divorce,Retirement savings crisis 2023, Social Security,

Retirement Crisis | An alarming 64% of Americans will retire broke

An alarming 64% of Americans will retire broke

Article Excerpt: "Retirees Confess What They Wish They’d Done With Their Money..."

An alarming 64% of Americans will retire broke Resource: www.gobankingrates.com

Retirement Crisis

Hunter Biden's laptop has been made available to the public through a new website

Hunter Biden's laptop has been made available to the public through a new website

Article Excerpt: "...photos from Hunter Biden's laptop has been made available to the public through a new website that launched Thursday. The website — BidenLaptopMedia.com — will house almost 10,000 photos...If the American people want to know what their first family is like, they're going to get it. ..."

Resource: Federal Employees

Hunter Biden Laptop Contents, http://bidenlaptopmedia.com ,