The Complexity of Working with Medicare, Social Security and Health Savings Accounts

I called the national Social Security phone line last week to discuss survivor benefits. (More on that later.) Of course, the person I spoke with could not actually process my claim.  Instead, he had to schedule a future telephone appointment to do that, with my local Social Security office. The first available appointment time was in August. Keep that in mind if you need to apply for a benefit that cannot be processed online. Before I called to file a claim, I did a lot of research on what I was about to do. Given my circumstances, determining the optimum filing strategy was quite complicated.

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Building My Retirement Spending Plan

I finally got busy this week doing a lot of work on my retirement spending plan. This has been a work in progress for several years as I have acquired TIPS and I-Bonds as part of my Failsafe Retirement Plan grand strategy. But interesting things are happening (including getting older) and the time has come for me to get more specific with a plan for how I am going to use my retirement assets to provide spending money. I’ll try to explain my logic without giving too much away or boring you.

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Mistakes When Moving a Parent to a Retirement Community

My siblings and I are trying to encourage and help our mother move out of the Florida house where she has lived for twenty-five years and relocate to a senior independent living community in Virginia. (Truth be told, most of this burden has so far been on the shoulders of my oldest sister.) This is not an easy task but it should be done. Our Mom no longer drives and currently lives alone in a rural Florida community with poor health care options and limited senior resources.

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Celebrating a Milestone Birthday of a Senior Family Member

Susan and I are  back in Nashville after a weekend in The Villages.  The Villages is the world’s largest community for 55+ adults. There are over 100,000 retirees living there. My father is one of them. He turned 90 this past week and his family gathered to celebrate this milestone birthday. We had a great time in two short days. I think my Dad really enjoyed the experience.

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Save More for Retirement – Choose the Inexpensive Wine

Baby boomers like to drink wine, don’t we? I do (although it is hard to beat a good IPA). We hear and read that a moderate amount of wine – red wine in particular – is good for us. I choose to adopt this belief in my own drinking habits.  Sadly, based on this new report, I may have to cut down when I am older. But why am I talking about wine here and now? A short video will explain.

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Don’t Let a Retirement Age Select You

I have advocated for a retirement plan in which the prospective retiree selects – in advance – an age at which he or she will retire. Some would call this retirement goal setting.  I think this makes sense because without a definite target in mind, the date or age of your retirement may select you. Generally, that would not be a good thing. Let me explain what I mean by this.

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Practicing for Retirement Makes Perfect

[Editor’s Note: The following post is from Susan – yes, the very same Susan who is the new woman in my life. Although she is a baby boomer, she is new to the world of baby boomer blogging so please welcome her (and be nice!). For future posts you will know that Susan is the author because her name will appear in the author byline.  Thanks and enjoy]

Hi everybody! I’m very pleased to be a new contributor to this site. Thanks to Mark for inviting my perspectives on this journey!

Retirement!?! Really?! Mark has been contemplating this journey far longer than I. Although an avid saver, I only recently allowed myself to consider what life in retirement might look like. [Read more…]

A Lucky Healthy Baby Boomer at 64

I’m a very fortunate 64 year old, particularly in the health department. I need to keep reminding myself of that.  Moreover, I need to express gratitude to friends, family and the world at large for making it so. Do you ever feel this way? Let’s talk about it for a minute.

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