Archive - 2010

1
Smart Social Security Decisions for Women
2
Issues to Consider Before You Get Married Over 55
3
Feel Fabulous in 2010!
4
What is the Social Security Full Retirement Age?
5
Tech Stock, Housing Boom and Bust – Is Gold Next?

Smart Social Security Decisions for Women

The US Department of Labor estimates that almost 90% of women will end up solely responsible for their financial well-being.  Given that women tend to earn less than men over their lifetimes to begin with, and may spend a good deal of time out of the workforce to care for families, women facing retirement may have fewer retirement resources, maximizing Social Security benefits available is critical.

The first thing for women (and men for that matter) to understand is how Social Security benefits are calculated in the first place.  To be eligible for Social Security, you need to have been …

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Issues to Consider Before You Get Married Over 55

A fair number of us over the age of 55 are single, and if we are lucky, there is a chance that we may fall in love. The question is: “Does getting married make sense at this point in our lives?”

Years ago, I was working with a couple, and the husband had a terminal disease. Several years after he passed away, I made the comment to “Mary” that should she ever meet a special someone, there are some issues to consider before getting married.

Six years later, Mary called all excited that “Ed”, a long-time friend, had proposed to …

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Feel Fabulous in 2010!

Does anyone know how the average time it takes to abandon a New Year’s Resolution?  I’m guessing two weeks, a month at most.  By February 1 I should be able to get a parking space again at the gym…gym_yachtfan

Maybe it would be easier if we had a different resolution for each month?  That way we would only have to forego chocolate and be on time for a mere 4 weeks, not a whole bloomin’ year!  (Okay, now you know my resolutions….)

If you, too want to feel fabulous this year because you actually accomplished your resolutions (note  I did …

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What is the Social Security Full Retirement Age?

The Full Retirement Age, or FRA (gotta love the government for their acronyms!), is a key figure for the individual who is planning to receive Social Security retirement benefits.  Back in the olden days, when Social Security was first dreamed up, FRA was always age 65.Social Security Full Retirement Age – Explained Then, in 1983 the Social Security Act was amended to make changes to the FRA.  Beginning with folks born in 1938, the FRA would be increased (see table below).  And for folks born in 1960 and beyond, FRA is age 67 (as of this writing!) but don’t expect this figure to remain constant.  Increasing… Read More

Tech Stock, Housing Boom and Bust – Is Gold Next?

pirate'sgold_Mykl RoventineMost everyone remembers the run up of the price of tech stocks about ten years ago. It was commonly referred to as the dot-com bubble. The technology-laden NASDAQ composite index went from roughly 800 to 5000 in six years, only to have it come tumbling down. In reality, the value was just not there.

More recently we’ve had the housing bubble when home prices were going up 20 to 30 percent a year. In some cases the price of a house doubled in less than 4 years, only to have the bubble break and prices dramatically fall. What went up …

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