What is Preneed Funeral insurance? Preneed insurance is used to fund a funeral service agreement between you and a funeral home. You decide every element you want included in your funeral service, which includes everything from the casket to flowers to transportation for the family.
Some bacterial infections have become difficult, and sometimes impossible, to treat. That’s because the “superbugs” causing these infections have developed the ability to defeat antibiotics—the drugs designed to kill them. While antibiotics do not work on viral diseases like COVID-19, they may be useful in treating bacterial infections that sometimes develop in COVID-19 patients. A cause for concern Antibiotic resistance is a growing issue. The figure below shows the cumulative spread of one type of resistant bacteria. In 2019, CDC reported 2.8 million cases of infections and 35,000 deaths from 18 antibiotic-resistant bacteria of concern, including the one tracked in the figure. The Spread of One Type of Highly Resistant Bacteria, 2001-2017 Note: This figure tracks a type of carbapenem-resistant Enterobacteriaceae (CRE), which, according to CDC, is a “nightmare bacteria”…
If you are already retired or are approaching retirement, then it’s likely that your purse has started feeling the effects of a reduced source of income. But look at it this way: you’re not in it alone. As a matter of fact, a third of people over the age of 65 years are getting by living on less than the minimum wage, with one in twenty of them unable to buy birthday or Christmas present for beloved ones. In such cases, there are bad credit payday loans. As if saying goodbye to a solid supply of monthly wages is not enough, thanks to pension reforms, low-interest rates on savings and mortgage plans that are interest-only are coming to an end. It has become clear that it will be difficult for…
It’s no shock that the cost of living isn’t exactly cheap. That shock doesn’t end when retirement rolls around. Are you financially prepared to support your standard of living once you quit working? Even though most people understand the importance of saving for retirement sooner rather than later, studies still show many baby boomers are way behind on their retirement savings. In fact, the Blackstone Group found that 79% of middle-income baby boomers have nothing at all saved for the cost of healthcare in retirement. This is by far the biggest mistake you could be making when you’re saving for retirement. If you think that healthcare costs are expensive now, they hit even harder when you are on a fixed income. The Cost of Original Medicare Many people believe when…
Most people struggle to retire on time because they can't afford to, so thinking about retiring early may seem impossible. If you have a dream of retiring early, then you may want to consider where you live. According to a study done by SmartAsset, there are certain states that offer a better chance of early retirement. Living in, or moving to, one of the states at the top of the list may help you achieve an earlier retirement. To get the results, the company collected data on seven factors: effective tax rates, health insurance costs, non-housing cost of living, housing costs, property tax rates, doctor’s offices per 10,000 residents and entertainment establishments per 10,000 residents. Below is the list of the top 11 states that may up your chances for…
If you plan on relocating during retirement, there is one type of location that may not be on your radar, but it should be. College towns. According to a U.S. News & World Report article. there are many great reasons why moving to a college town in retirement is a smart idea. And it seems like many retirees are already in the know. College towns boast many events and venues that are perfect for retirees. Universities have a packed schedule of sporting events, concerts, guest speakers, art exhibits, festivals, theater productions etc. Being near a college gives you an endless supply of things to keep you enlightened, connected to the community, and just plain busy. Access to quality medical care is usually, and should be, a top priority when deciding…
When executives attend conferences and symposiums to improve their leadership skills, they often hear “Nurture your curiosity. Stay hungry for knowledge. Be a lifelong learner. “ What does lifelong learning actually mean? It means don’t get stale. Don’t stop adding to your knowledge base. Find and develop new interests. When we’re children, we’re mandated to attend school until we’re 16, 17, or 18 – depending on our particular state’s law. American society fully embraces going on to college or to vocational training. Some companies pay for their employees’ continuing education. After that – you’re on your own. Some people turn to the online options – podcasts, webinars, and MOOCS, which are massive online open courses. They don’t mind being plugged in for a few more hours a day. But if…
The old idea of “retirement”?a word that means withdrawal, describing a time when people gave up productive employment and shrank their activities?was a short-lived historical anomaly. Humans have always found meaning and motivation in work and community, and the boomer generation, poised to live longer in better health than any before, is already discovering a new type of retirement planning called “unretirement”?extending their working lives, often with new careers, entrepreneurial ventures, and volunteer service. In Unretirement (Bloomsbury Publishing, 2016), Chris Farrell details how their experience, wisdom?and importantly, their continued earnings?will enrich the American workplace, treasury, and our whole society in the decades to come. The following excerpt is from the book’s first chapter: “Work Long and Prosper.” Two titans of the New Deal were Harry Hopkins and Henry Morgenthau Jr. Hopkins…
As well are all painfully aware... This trend is most likely going to impact smaller privately held companies even harder given that many are also owned and lead by baby boomers and typically have much smaller work forces from which to groom knowledgeable replacements for retiring experienced workers. Recently MiddleMarketGrowth.com published an enlightening piece that examines this movement in great detail. This is how they described the current employment trend: Despite the doom and gloom of recent economic news, the middle market continues to outpace large-cap companies and global corporations in business growth, M&A and workforce expansion. Most middle-market business leaders are well aware of the “war for talent” that exists today. Attracting and developing talent has been and will continue to be the No. 1 constraint on growth for midsize companies. The bad news…
It seems like just a few years ago that managers and HR professionals everywhere were talking about the impact of Millennials in the workplace. Millennials, also known as Gen Y, were different from Gen X and Baby Boomers. The first generation to have grown up with hyper connectivity and social media, they had their own distinct views of why and how to work. Those views initially shook up the workplace, but now, approximately two decades later, they’ve reshaped it. Flex work and telecommuting are becoming more and more the norm, as are other employer perks that facilitate a good work-life balance. Companies strive to demonstrate social responsibility and provide meaningful work in order to attract top Millennial talent. And the fact that the gig economy is gaining ground appears to suit Millennials, who are…
You know you’re unique person… and not like most people, you probably have certain ideas about how you want your life celebrated and remembered. As with all the important milestones accomplished over your lifetime, planning your end-of-life celebration should be done with careful thought. The death of a loved one is a very difficult time for everyone. Yet, during this period of grief and emotional readjustment, family members and friends are often confronted with dozens of decisions about the memorial services. What would our loved one have wanted?What kind of funeral should it be?What should be included?Who needs to be notified?How much will it cost? By preplanning, these questions and many more will be answered in advance so your family is relieved of that burden. Preplanning involves making choices about…
