The decision to retire is a big one. In addition to affecting your financial picture, it also changes your lifestyle. Taking an extended break from work as a “retirement test-run” may prevent retirees’ remorse.
Malmo, Sweden – The Eurovision Song Contest culminated in a politically charged final that captivated fans worldwide on Saturday night. The competition, which saw 25 countries vying for the top spot, drew an estimated 180 million viewers for the grand finale. However, controversy loomed over Israel’s participation, with critics questioning the appropriateness of their involvement amidst ongoing conflict in the Gaza Strip. Leading up to the final showdown, tensions were high as debates raged on …
New York, NY – In May 2024, a significant change in Social Security benefits is set to benefit thousands of eligible United States citizens. The adjustment, set for May 8th, 2024, will impact a specific group of retirees who meet specific criteria. To qualify for the revised Social Security retirement check on May 8th, 2024, individuals must fulfill two essential requirements. Additionally, meeting an extra condition will ensure immediate payment on the stipulated date, eliminating …
Miami, Florida – With the end of April approaching, many retirees in the United States are eagerly awaiting their monthly Social Security checks. The Social Security Administration has already disbursed payments to most households across the country, but there are specific requirements that retirees need to meet in order to receive their funds on April 24th. For retirees categorized under group 4, the key requirements are tied to their birthdate and the year they retired. …
Los Angeles, California – Retirement can be an expensive endeavor, with recent surveys estimating the average cost anywhere between $1.5 million to $1.8 million. For many seniors today, a significant portion of these savings is expected to be allocated towards healthcare expenses. The Bureau of Labor Statistics reported that around 13% of a typical senior household’s spending in 2022 went towards medical costs, highlighting the importance of planning for healthcare in retirement. Health insurance emerged …
New York City, USA – US lawmakers are gearing up to potentially vote on a second bill within a span of two months that puts Chinese-owned ByteDance, the parent company of TikTok, in a difficult position – either sell its US business or face a ban. The concerns surrounding the potential transfer of data about millions of Americans to China have been the driving force behind congressional efforts to separate TikTok from its Beijing-based company. …
Los Angeles, California – A significant showdown looms ahead at the upcoming high-stakes shareholder vote this week that will determine the future of Disney. This fierce battle, described as one of the most expensive proxy contests to date, will decide the direction of the entertainment giant’s leadership. Investors are divided over Disney’s stock performance, despite a nearly 50% increase in the last six months. Activist investors are seeking a higher return and aim to make …
San Diego, California – Losing a spouse or partner can be emotionally devastating, but it can also bring about significant financial challenges. Experts recommend seeking the guidance of a financial planner to navigate this difficult time and ensure proper preparation. The financial repercussions of losing a partner can be immense and immediate, as stated in an article by Merrill (previously Merrill Lynch). From changes in income tax brackets to the loss of a second Social …
Washington, DC – Social Security, a federal program established during the Great Depression, is facing a looming financial crisis that could impact millions of Americans in the near future. With approximately 70 million beneficiaries relying on this safety net each year, including retirees and disabled workers, the program is projected to experience a funding shortfall within the next decade if no action is taken to address the issue. One estimate suggests that by 2034, the …