As the cost of living continues to fluctuate, it becomes essential for individuals to adapt their financial strategies to keep pace with economic changes. One key element in this financial adaptation is the Cost of Living Adjustment (COLA). In this article, we will explore the concept of COLA, its significance, and how it impacts various […]
The skills we have developed over a lifetime, are valuable in today’s job market. Many of us who are living on a fixed income, with the cost of living continuing to rise, may find ourselves in need of some extra income to supplement our retirement savings. With today’s labor shortage, many businesses are actively looking […]
Congratulations on nearing retirement! Here are some smart financial moves to consider making before embarking on that next big step in your life. Review your retirement accounts: Take stock of your retirement accounts, including 401(k), IRA, and any other investments you have. Make sure your investments are appropriately allocated and consider consolidating accounts to simplify […]
Inflation can be a major concern for senior citizens, as it can eat away at the purchasing power of their retirement income. The cost of living increase, or COLA, provided by Social Security each year may help to offset some of these increases, but it may not be enough to keep up with rising costs. […]
Social Security and Medicare are two vital programs for millions of Americans, providing crucial support in their retirement years. Deciding when to apply for these benefits can be a complex and personal decision, influenced by a variety of factors. In this article, we’ll explore some of the key considerations to keep in mind when deciding […]
As a senior, you’ve worked hard your entire life to save and prepare for your retirement. However, the fear of outliving your savings can be a real, daunting and stressful thought. After all, you want to enjoy your retirement years and not worry about running out of money. Fortunately, there are steps you can take […]
Figuring out if you have enough money to retire can be a daunting task. You’ve probably heard people say things like “you need a million dollars to retire,” but that’s not necessarily true for everyone. The answer to whether you have enough money to retire really depends on your personal financial situation and your retirement […]
