Does your family get health insurance through your workplace? Here’s some numbers that may shock you. The total cost of that insurance coverage, even before you pay for any doctor’s visits or other expenses out of pocket, is a staggering $20,000, reports CNN. In most workplaces, you (the employee) pay a small portion of the […]
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More Money In Your Pocket: Are People Overestimating Health Care Costs in Retirement?
Here’s what may be some positive news about retirement. Several studies have estimated health care costs in retirement at $5,000 or more per year, per person. For 16 years, Fidelity Investments has surveyed retirees to get a good estimate of their health care costs. Their research has found that a typical 65-year old couple retiring this year […]
Balancing Being Mom With Work: Never An Easy Task
Work? Kids? Family? Friends? How is it possible to balance it all? It’s not easy, as we all know. I still have vivid memories of waking up at the crack of dawn, getting dressed for work, packing lunches, getting two toddlers ready for day-care drop off, then making it to an early morning work meeting, […]
Quote Of The Week: Becoming A Caregiver, 30 Years Earlier Than Expected
“There comes a point in time where everyone has to care for a parent. It just happened 30 years sooner than I ever anticipated it.” Interview with Adrienne Glusman, who became her mother’s caregiver at age 29, as interviewed by Clare Ansberry, “The Call to Care for Aging Parents Comes Sooner Now,” The Wall Street […]
Retirement’s Big Health Care Bill, And How To Tame It
How much do you need to budget for health care expenses in retirement? Spoiler alert: It’s a big number with a lot of zeroes. According to Fidelity Investments, which has been measuring health care costs since 2002, staying healthy will run the average retiree couple about $9,400 per year, or almost $800 per month. That […]
A Tough Decision: To Age In Place Or Not?
We’re having a conversation with our widowed client Betty and her daughter Karen (names have been changed) about whether she plans to stay in her home or start looking into independent living communities. It’s a tough decision, and one that comes with more than its share of emotional baggage. Our expertise, of course, is weighing […]
Disability Awareness Month: Yes, It Can Happen To You!
May is Disability Insurance Awareness Month. Disability insurance can provide income protection if you are unable to work. Disability is more common than you think. One out of every four 20-year-olds will become disabled and be out of work for 12 months or more before they turn 67. Disability can stem from many causes, including […]
New Measures To Protect Seniors From Financial Abuse
To protect seniors from financial abuse, brokers like Charles Schwab are rolling out new protective measures. Starting February 5, brokers will ask you to name a “Trusted Contact,” like a family member or friend, they can reach out to if they suspect you may be subject to financial exploitation, or if they have questions about […]
Is Owning A Dog Good For Your Health? It’s Pawsitively Certain!
Did you know that one of the best ways to de-stress your life is to own a pet? In fact, owning a dog is linked to living a longer life, writes Time magazine, summarizing research published in Scientific Reports. The research finds that “canine companions may be good for human health—especially for people who live alone.” […]
Quote Of The Week: States Can’t Afford The Retiree Health Benefits They’ve Promised
“U.S. states as a group have promised hundreds of billions more in retiree health benefits than they have saved up. The shortfall amounts to at least $645 billion, according to a new report from the nonprofit Pew Charitable Trusts based on 2015 data. That is in addition to the $1.1 trillion that states need to pay […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
