The Federal Trade Commission has some guidelines when dealing with a possible scammer on the phone.
Our elderly are so vulnerable when it comes to phone scams. Hanging up is their best defense.
Those over age 65 make up only an eighth of the U.S. population but according to AARP are a third of all scam victims.
Only 25% of the employers in the private sector offer a pension plan. And only 60% of employers currently offer retirement plans like a 404(k).
According to a report released by Fidelity, which represents over 12 million U.S. workers, the average 401(k) balance at Fidelity is $91,800 as of July 1 this year.
Congress increased the amount workers could contribute to their retirement plans but then realized that older workers closer to retirement were in rough shape so they passed another law allowing catch-up contributions for anyone over age 50.
60% of employers offer employees some sort of retirement plan, but only about 50% of employees take advantage of these plans.
This is National Save for Retirement Week. It is a national effort to raise public awareness about the importance of saving for retirement.
Being a snowbird like my Juncos, six months south and six months north, could be a great life style in retirement but one place will need to be your legal residence.
If you’ve reached the magic age of Medicare, you shouldn’t have any problems with doctors and health care facilities accepting your health insurance wherever you are in the U.S.