You’ve probably heard that it’s very important to save up as much as you can for retirement, so you don’t end up overly dependent on Social Security once you retire. Even if you get the maximum out of Social Security benefits, they’ll only replace around 40% of your pre-retirement earnings. And many seniors need more …
September 30th was the final day before government funding expired. Thankfully, a last-minute agreement was passed by the House and Senate to keep it funded through to November 17th, narrowly avoiding a government shutdown. But, what happens when November 17th comes around? And how will it affect you, as a retiree or pre-retiree? What can …
Recession Pushed to Summer of 2024? A recession is a significant and prolonged economic downturn, characterized by a decline in economic activity. This includes a contraction in gross domestic product, rising unemployment rates, reduced consumer spending, and decreased business investment. Recessions can be caused by various factors, including financial crises, excessive debt, inflation, supply shocks, …
What is Prolonged Grief Disorder? When an individual loses someone close to them, it’s obviously normal for them to feel grief for a long time afterward. The grief could last even years following the death: Different people deal with it differently. But, it’s an important distinction between grief, and what mental health experts are calling …
Continue to Work Into Your 70s? An increasing quantity of older Americans have been continuing work past the traditional retirement age. This is either because they can’t afford to retire sooner, an unfortunate possibility many suffer from, or by choice. It does actually come with some benefits if you decide to continue working into your …
The Social Security Administration periodically analyzes the program’s financial security and adjusts various factors to ensure its sustainability for the long-term. However, it’s suggested by many reports that it will suffer a benefit reduction. It’s no surprise, therefore, that most millennials have said they won’t factor Social Security into their strategy for retirement. After all, …
You’ve worked a long time to ensure that you and your family will be financially protected. You’ve also done what you can to prepare for any surprises that the future might bring you. However, even the most well-thought-out strategy can have a wrench thrown into it by the unexpected cost of long-term care. With Americans …
The recent failures of both Silicon Valley Bank and Signature Bank have led many Americans to be concerned. Concern is natural when something like this occurs. If something similar happens to your bank, how safe is your money? Additionally, this event has increased ever-present fears of a recession. Right off the bat, we’d like to …
Long-Term Care Insurance Options About 70% of Americans who reach age 65 end up needing some form of long-term care for some time in their remaining life. This was found in a study from the U.S. Department of Health and Human Services. While it’s true, some people will get by with unpaid care from their …
Biggest Tax Changes For 2023 The Inflation Reduction Act is ushering in a number of changes to the 2022 tax year. It might seem easy to get overwhelmed with all the new rules. Some of these changes could make things harder for you, while others are quite beneficial. The tax code as a whole is …
Donald L Retallick III
FL Insurance License # P109239
Retallick Financial Group
Florida Lic. #L096591
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