I’ve experienced market chaos similar to what’s happening now in the first months of 2020. When it happens, there’s great gnashing of teeth, people freaking out everywhere, and catastrophists appear everywhere on TV and the internet. Unfortunately, some people’s lives will be turned upside down. One can make an analogy between this market chaos and …
Category: by Tony Kendzior
Should You Always Sign Up for Medicare Part B at 65?
First, everyone should understand that Medicare Part A covers inpatient hospital and skilled nursing care. Medicare Part B covers all outpatient needs, doctors services such as office visits and surgery, MRIs, chemotherapy and the list goes on. Second, to qualify for Medicare at all, one must work and pay taxes for 10 years or 40 …
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Problems Created by The SECURE Act
The SECURE Act, signed into law last December, brings important benefits for Americans, both retired and not yet retired. The Act will influence how you save money for retirement and how you withdraw money from retirement accounts in the future. It also includes rule changes that will cause distress for some. Given that none of …
Climate Change and Retirement, Part 4
I first wrote about this issue last May followed by parts 2 and 3 in November and December. I’ve found myself having two minds about climate change as an existential threat to society as we navigate through the 21st Century. On one hand, I think the threat is real, regardless of whether it’s a natural …
How Long Will You Live?
A recent study suggests over 50% of adults age 50 or older underestimate their number. Obviously, if I ask you when you’ll die, you clearly have no answer to give me. By the same token, if you ask the same question of yourself, you might hazard a guess. Chances are your answer will be wrong …
Retirement: The Go-Go, Slo-Go, and No-Go Years
My efforts today are spent teaching others about the dynamics of retirement. I do this with an online effort, the goal of which is get them ready for retirement and enjoy the rest of their lives. With luck, they’ll experience all three. Chances are, if your health is good, you’ll start with the Go-Go Years. …
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Is Socialism A Viable Path To Follow?
For most of my adult life, 7 decades and counting, Communism was the looming existential threat we lived with. It was embodied by the Soviet Union that we in the west saw as our greatest enemy. And then came Cuba and China and we collectively freaked out. Until recently, I bestowed Capitalism with a crown …
Is there really a “Retirement Crisis”?
In a recent post, I referenced a study published in 2019 by the Aspen Institute. The major take away for me is this: 1 in 5 senior Americans are living in poverty. Some of you are going to react negatively to what I’ve written here and suggest I’m just another liberal hack. Well, maybe I …
When You Retire Could Make A Huge Difference
There is a risk associated with when you retire that’s sometimes the fault of your parents. It’s something over which you had absolutely no control. Specifically, when you were born. Let’s assume you’re now well into middle age, have a job that pays well but the idea of retirement is increasingly on your mind. You …
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Working Past 65 Can Affect Your Social Security Benefits and Medicare Premiums
Why age 65? Why is that such a pervasive number when thinking about retirement? My assumption is that it first appeared in documented action in 1935. That’s when Congress passed the Social Security Act, designed to pay workers age 65 or older a monthly stipend from amounts they would pay into the system. I suspect …
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Helping Define Your Financial Future 