Enjoying retirement means having a comfortable income, either from savings or benefits. However, recent studies suggests that nearly half of retirees struggle to afford basic living expenses and it’s only getting more difficult with inflation reducing your purchasing power. If you’re running out of money or just looking for some ways to get extra income, we’ll share the top available …
A 2023 poll from Allianz Life found that 61% of Americans are more afraid of running out of money than death, and 40% of respondents admitted their retirement strategy was derailed and they aren’t sure when or how to get back on track. The fear of running out of money is so bad, that 46% of Americans around the …
What Happens if You Run Out of Money in Retirement and What To Do About It Read More »
A life insurance policy is something you hold onto for years, or in some cases, an entire lifetime. Over time, you may lose track of a life insurance policy you took out, especially if there have been changes to the company it was purchased from. This is more common than you think, as each year …
As inflation reduces people’s buying power, it can be difficult for people to afford living expenses like food, housing, and medical care. In response to rising costs, the government and some employers have implemented Cost of Living Adjustments (COLAs) that increases the amount of money you receive each month. In this post, we’ll explain what …
Your senior years are often referred to as your “golden years” because they’re supposed to represent the time in your life where you can relax after a lifetime of work. However, rising costs associated with inflation can put financial strain on seniors’ finances. Without proper planning, seniors may find their expenses are greater than their …
At the beginning of the COVID-19 pandemic, Congress enacted the Families First Coronavirus Response Act (FFCRA), which featured a provision to keep people continuously enrolled in Medicaid through the end of the pandemic public health emergency (PHE). This meant that people would stay enrolled in Medicaid, even if they no longer met the eligibility requirements …
What is Medicaid Redetermination and Will I Lose Coverage? Read More »
As inflation increases the cost of living, many seniors are having to stretch their savings further or even go back to work. In fact, 46% of seniors between the ages of 60-75 say they plan to work part time in retirement. Working doesn’t mean you have to go back to your old job, as advancements in technology …
Many of us envision spending our golden years in a retirement community, relaxing and making new memories, but we often don’t think of the financial costs involved. Whether you’re planning for your own retirement or helping a loved one research their options, it’s crucial to have a clear understanding of the financial aspects of living …
Retirement Community Costs: Explanation and Ways to Pay Read More »
When your loved one reaches a point where they need help with activities of daily living (ADLs), you may be unable to continue caring for them on your own. A nursing home can provide the hand-on support and services they need, but they come at a high cost that many people have questions about paying. …
America is facing a retirement crisis, as many people have inadequate savings and are having to work well into their senior years to pay for living expenses. The situation may also worsen over the next decade, as social security benefits are expected to be cut by as much as 20% at the same time as …
31 Retirement Statistics You Should Know for 2024 Read More »
Harbor Life is a life settlement marketing company. Harbor Life will refer qualified policy owners to one or several licensed life settlement brokers or providers. Harbor Life will be compensated for life settlement transactions that originate on www.harborlifesettlements.com. There is no guarantee that every user will receive an offer. The names of the Harbor Life users marketed as example transactions have been changed to protect the privacy of the user.
