The Takeaway The 4% Rule tells you two things. First, it lets you know how much you can annually tap from your retirement nest-egg without it running dry. Second, it tells you how big your nest-egg needs to be to cover your retirement income needs. What’s not to love? 😀 This post is a step-by-step … [Read more…]
The takeaway: Continuing care retirement communities are part of the trilogy of your long-term care options–but these come with waiting lists. Folks are clamoring to get in. You, savvy Boomer, will not be swayed by fear of missing out. Certain questions about these places still need to be asked. This post asks those questions so … [Read more…]
The takeaway: Continuing Care Retirement Communities give you a place to live, provide lots of amenities and activities, and–depending on your contract–include long-term care. This post provides four steps to help you decide if these places are worth the money. The post also tells my experiences and impressions visiting two different communities in two … [Read more…]
The takeaway: Continuing Care Retirement Communities are housing developments that let you age in place, while also providing long-term care if you need it. They are one of the three major types of long-term care insurance you can buy; the other two were discussed in an earlier post. Unless you have money to burn, be … [Read more…]
The takeaway. Health care expenses could be your biggest budget item in retirement. Estimates vary, but over the course of a 20-year retirement, a couple could spend in the $200,000 range–excluding long-term care costs. This post offers action steps to handle these expenses and protect against Medicare cuts. $$$ Last month, Mr. Boomer-Money-and-More got … [Read more…]