How to Stop the Sting of Retirement’s Out-of-Pocket Medical Bills. (Or at Least Reduce the Pain.)

The takeaway.  Out-of-pocket medical bills could be your biggest expense in retirement.  Research suggests that over the life of their retirement, a couple can expect to spend an average of $315,000 on such expenses.  Below are seven ways to stop the sting, or at least reduce the pain. $$$ Recently, Mr. Boomer-Money-and-More got into a … [Read more…]

The Coronavirus and Your Nest-Egg

Black and white vintage photo of worried man at typewriter contemplating the effect of the Corona Virus on his nest-egg. picture of a stern older woman wagging her finger at a younger man in a suit about continuing care retirement communities.

The takeaway:  The Coronavirus and your nest-egg should each be treated the same way during this crisis:  maintain social distance.  Take the long view.  History shows that, in time, the market will return to its recent highs, and eventually surpass those highs.  Beware the flight to “safety.”  For now, understand basic nest-egg management principles. $$$ … [Read more…]