Retirement isn't just about saving money; it's about enjoying it too. But many retirees find it hard to spend their savings, even after years of careful planning. This fear of spending is a big mistake, according to financial expert Ramit Sethi. Sethi believes that people should focus on spending their savings meaningfully in retirement. He argues that saving is onl...
Retirement planning is not just a future concern; it's something that needs attention now. Many people are not putting away enough money to maintain their current lifestyle once they stop working. The numbers are clear: less than half of Americans are on the right path to a secure retirement. Looking at different age groups, older Gen Z workers are leading the way w...
Retiring in Massachusetts is a big dream for many, but it comes with a hefty price tag. The state is known for its high living costs, making it one of the most expensive places to live in the U. S. This means that saving for retirement here requires careful planning and a substantial amount of money. First, let's talk about the numbers. Experts suggest that most peo...
Retirement can be a daunting prospect for many. The idea of living comfortably without a steady income for decades requires a significant amount of money. In fact, some estimates suggest that you might need around $1. 26 million to retire comfortably. However, this amount can vary greatly depending on where you live and your lifestyle. For instance, if you reside in ...
Next year, seniors and other Social Security beneficiaries will see a small boost in their monthly checks. The increase is 2. 8%, which works out to about $56 more per month for the average person. This change is meant to help with rising costs, but it might not be enough. Health care costs eat up a big chunk of this increase. Seniors spend a lot on Medicare, and th...
Retirement brings a new set of questions, especially about where to live. With a fixed income, many wonder if they should rent or buy a home. This isn't a simple decision. It's about more than just money. It's about lifestyle, flexibility, and planning for the future. First, let's talk numbers. On average, renting costs a bit more each month than buying. But this is...
Retirement accounts like 401(k)s are usually simple. They mostly hold stocks and bonds. But things might change soon. An order from President Trump wants to add new types of investments to these accounts. These include cryptocurrency, real estate, and private equity. Private equity firms buy companies, often those in trouble. Sometimes they fix these companies. Othe...
Many people assume Medicare covers long-term care, but that's not the case. This mix-up could lead to big financial problems for seniors. Long-term care includes help with daily tasks like bathing or dressing. Over 80% of people will need this help at some point. The confusion is clear: 58% of adults think Medicare covers long-term care, but it doesn't. Medicare onl...
A well-known hardware store in Waterbury is on the market. The store has been a mainstay for a century. It is now looking for a new owner. The store, located on Chase Avenue, is up for sale for just under $2. 8 million. This includes the hardware store, a garden center, and a repair shop. The family that owns it has decided it is time to move on. ...
Imagine you've been running a chiropractic practice for 32 years, and suddenly, you want a change. You're 59, and the idea of a second act is exciting, but where do you start? First, you need a plan. It's not just about walking away from your practice; it's about finding what you love next. Maybe you stay in health and wellness, or maybe you try something new. You co...