The biggest Social Security decision you’ll have to make is when to begin taking benefits. The full retirement age for individuals born between 1943 and 1959 gradually increases from age 66 to 67.
According to a 2018 poll conducted by Gallop, the most worrisome issues for the average American are running out of money in retirement and a lack of money to pay for medical expenses in the case of a severe illness or disease.
Diversify across a wide variety of investments to help buffer against market volatility. Reduce your risk by diversifying across different companies, municipalities, industries, and geographical areas.
Mutual funds are professionally managed, making them ideal for individuals with limited investment knowledge or limited time to research and monitor individual stocks.
If you miss your initial enrollment period for Medicare Part B there is a 10% increase in premiums for each full 12-month period that you could have been on Part B. This penalty continues every year you have Part B coverage.
Being your own boss can offer tremendous emotional and financial rewards along with greater control and freedom. However, starting a business is risky and requires long hours and a lot of hard work.