In early May, we attended an “Inside Retirement” conference sponsored by Financial Advisors magazine; the topics were centered on “income and longevity.” Various nationally known speakers discussed pertinent items related to those themes. We found some presentations worthy of discussion here. Some presentations were individual speakers; some presentations, panel discussions.
All Social Security recipients are aware there was no cost of living increase in Social Security benefits for 2016. However, some recipients are facing a reduction in their Social Security check. The reason: the Medicare Income Related Monthly Adjustment Amount (IRMAA). The amount individuals pay for their Medicare coverage is
I had a discussion with a friend today about the value of a job. Not the value of a job as a younger person, but the value of a job as a “phased in” retirement. Many baby boomers are facing the question “When should I retire?” Our discussion focused on some
There are times we read things that cause us to say, as my friend puts it, “I’ll have to think on that.” Such a time occurred as I read an article in the April 28, 2014 Investment News (pg. 40) written by Mary Beth Franklin. The basic premise was that,
Individual Retirement Accounts (IRA) became popular with the Economic Recovery Tax Act of 1981. Some basic premises drove IRAs creation. (Other rules may apply): Some individuals could contribute money into an IRA account on a pre-tax basis, i.e. the money contributed into the IRA would not be taxable income at
Retirement planning involves covering estimated expenses in retirement from known resources. Those resources may include pensions, Social Security benefits, earnings from investments, part-time work, or any combination of the above. Estimating expenses in retirement can be a more “interesting” exercise. Many pre-retirees can make a reasonable estimate of basic living
Paragon PerspectivesAs 2013 draws to an end, we want to use our final newsletter to say “Merry Christmas,” “Happy New Year,” and “Thank You” to our readers. We are privileged to work with you and we truly appreciate the opportunity to do so. We have included in this issue
That quote is well remembered in conjunction with the passage of the Affordable Health Care Act (“Obamacare”). Well, we are finding out what is in it—and the associated (increasing) costs. Our purpose here is not to debate the passage of the bill; it’s the law of the land. What we