The Biden administration appears to have pulled off the elusive economic soft landing, getting inflation in check without crashing the economy into a recession. While inflation has been easing downward, it has still been pinching retirees’ budgets. The bad news is that shrinking inflation rates also mean a smaller Social…

This article is written to provide you with the reasoning for the Windfall Elimination Provision (WEP). There has always been a debate as to whether this provision is fair or not. Share your comments below describing your thoughts. For years there has been much talk about repealing the Windfall Elimination…

“I don’t want to live a long time. My parents really suffered in their final years.” I’ve heard this sentiment from relatives and friends who watched their parents really struggle with health and financial issues in their final years. It’s also a common thought of surviving spouses who find themselves…

Mortgage rates are expected to come down next year, but the decline is unlikely to be enough to provide relief for many would-be buyers in the U.S.’s ongoing affordability crisis. Realtor.com’s 2025 housing forecast released Wednesday predicts the benchmark 30-year fixed rate mortgage will average around 6.3% in 2025, falling…

It Happens With Aging Parents At A Distance Like many adult children with aging parents, the brother and sister in this true scenario were increasingly worried about their 90-year-old Mom who lived alone. Mom had cognitive impairment, probably dementia, but it had never been formally diagnosed. The siblings are in…

Mortgage rates moved lower for the second consecutive week, sending purchase applications higher in further signs of pent-up demand amid an ongoing affordability crisis in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.69%…

When it comes to ambition, pacing and purpose, every generation has its own healthy operating beliefs. There’s an overlap but overall, the development of wisdom is cumulative and comes about from the processing of life experience, something that happily retired baby boomers who are happy in retirement have in abundance.…

Like many people, you may have put off finalizing estate tax planning 2024 election results were in. Some people held off on any gifting to make a final decision. Others set up trusts and gifted smaller amounts to them as a placeholder. Now that the White House and both houses…

Housing prices have remained high for the last few years, largely due to fluctuating mortgage rates and lasting economic effects from the pandemic. In response, conforming loan limits (CLL), which determine how big of a loan borrowers are allowed to take out, are set to rise in 2025, the Federal…

Holiday season is scammers’ season too. Millions of people shop online at this time, with record spending expected. If your aging parents are online shoppers, help them to see the tactics thieves use to steal their personal information. Personally, I do a lot of online shopping for the convenience. I…