Our Safe Money Strategies™ radio program has been broadcast since 2006.
Today’s show carries on the tradition of the late Bill Kelly. Since late 2017, the show features two hosts, Boston journalist John Budris, and Kelly Financial co-founder Kelly Kelly. As always, it showcases eclectic guests and engaging conversation in a magazine-style format.
Tune in to WRKO 680-AM (you can always stream on wrko.iheart.com and have your virtual assistant play WRKO Boston) every Saturday beginning at 9am.
Still original and still going!
1. 31 percent of those identifying as part of the Sandwich Generation bear complete financial responsibility for their parents or in-laws.
2. A MassMutual study confirms the emotional and financial stress such dual roles place on families.
3. Creating a financial plan can alleviate such burdens and still allow for retirement saving.
More people are saving for retirement but they are not saving enough.
Late-boomer wealth continues to be impacted by The Great Recession of 2008-2009.
An increase in Social Security's Full Retirement Age was a de facto cut in Social Security benefits.
1. Studies are mixed about the effects of retirement on your mental health.
2. Having a plan in place may make the transition smoother.
3. Addressing factors such as loss of work routine, loss of a robust social network, and loss of one's professional identity may help mitigate emotional stress points. Not to mention all the additional time to be spent.
1. A majority of Boomers want to age in place; only a fraction of their homes can accommodate those desires.
2. Plan ahead: The longer you live you become even more eligible for illness and accidents.
3. A a healthy couple retiring at age sixty-five could expect to pay around $300,000 over the course of retirement to cover health and medical expenses.
1. Seven out of every ten Americans who reach age sixty-five will need long-term care of some kind.
2. LTCI premiums count as medical expenses and may potentially be paid with special tax considerations.
3. The burden of loved ones: 66 percent of caregivers use their personal assets like savings and retirement funds, to pay for a loved one's care.