If you are close to retirement age or have already retired, reacting to economic recovery by withdrawing all of your money from secure investments and trying for higher returns in an unstructured manner is not a good strategy. Of course, you would want to recover the losses that you made during recession, but it is better to proceed cautiously as the economy is still not completely stable. Here are some tips to recover your losses without taking a lot of risk. [Read more…]
Saving Money for an Anxiety Free Retirement
The recession has perhaps hit retirees the worst as they were forced to sit back and watch their life savings dissolve right before their eyes without being able to do anything about it.
The typical problems faced by retirees- decreased mobility, more likelihood of debilities and many others are hugely exacerbated when an additional stress factor is added to the mix – that of worrying if there is enough money left to handle basic needs such as being able to attend to emergencies. These anxieties can be taken care of to a large extent by tweaking the retirement savings plan during the earning years. [Read more…]
Obama’s Medicare Subsidy Changes to Hit Retirees Hard
President Obama’s healthcare overhaul may well spell trouble for retired employees. Several top companies with substantial staff, both on rolls and retired, have pointed out that this overhaul makes their drug benefit program for ex-employees expensive and non viable.
AT&T recently joined a growing list of US industry majors in broadcasting its whopping $1 billion expense owing to the healthcare policy modifications, which included dramatic changes to the taxation of Medicare subsidies. This figure is nearly a third of the phone company’s latest quarterly earnings. [Read more…]
