Understanding all of your choices and getting the most out of Medicare can be overwhelming. According to the National Council on Aging, more than half of Baby Boomers ages 60 and older find the program and its alphabet soup of Parts A, B, C and D very confusing. Today I’m going to answer 5 key Medicare questions to help clear things up.
Before we get to those questions, here’s the details you need on getting started. Continue reading
I have a serious drug habit. I’ve had it for the past nine years and I am not able to quit it. No, I’m not breaking any laws by taking drugs nor am I robbing any bank or committing any crimes to get them. All I have to do is see my doctor regularly and get a prescription and I’m in business. Unfortunately for me and my wife, filling those prescriptions each month is costing a small fortune and puts a serious dent in our personal finances. On top of that, the problem of prescription costs only increases from year to year. But then again, what choice do I really have about it all? I need the drugs.
My Medical Condition Heads South
In case you don’t know all the details as to why I am in this situation, dependent on prescription drugs to maintain my health and prevent my deterioration any further, let me give you a brief medical history as to how I got myself into this mess. Continue reading
You’ve heard me say it before: staying healthy is an important way to save money. But how do you get or stay healthy when you’re busy and stressed? I’m sure we all start each day thinking that today is the day when we will try really hard to cultivate some of those healthy habits into our lives. Unfortunately, way too often, convenience wins out over our good intentions. I have to plead guilty as charged right here!
While we all realize that shopping for fresh ingredients at the supermarket to make a meal at home is far healthier than stopping at the drive-thru at McDonald’s, it’s so much damned easier, quicker, and convenient! But guess what, there is some good news on this subject. New business services and technology are making it easier than ever to incorporate healthy habits even into the busiest lives! Continue reading
You may be wondering “Why should I be reading about living to 100 and what does this have to do with me and my personal finances?” Interestingly enough, you do have a good question there. You might be in your 20’s, 30’s or 40’s and thinking, “Please Gary, I have so much to worry about, why that subject now?” Well, truth being told here, you probably won’t live to be 100. But what if you do?
How many people are living to 100?
Centenarians, once a rarity, are the world’s fastest growing age group. Since 2000 when there were 50,281 of them here in the US, the group has grown by 44% to 72,197 (as of 2014). That makes this age group just about 0.003% in the United State, yes still small, but almost three times as many as there were in 1980 according to a report by CNN in 2016. Continue reading
Super Saving Tips aren’t only about saving money by clipping coupons or knowing when the best times of the year are to shop. They’re also tips or “words to the wise” about what you can do in advance about issues that can affect your life, which of course can affect your money. That’s why I am writing today about disability insurance.
What is Disability Insurance?
You may think disability is unlikely to happen to you, but 56 million Americans, about 1 in 5, live with disabilities. And for today’s 20-year-olds, more than 1 in 4 of them will become disabled at some point before reaching retirement age. If your disability leaves you unable to work, how will you provide for yourself (and your family)? Continue reading
For today’s guest post on affordable lifestyle changes, please welcome back fellow blogger Anum Yoon.
We all want to change our lives for the better, but it’s hard to know how to do that without spending a bunch of money. Eating organic and having gym memberships is great, but it starts to add up. Consider the following lifestyle changes. They might seem small, but they have major benefits. The best part? They’re affordable.
1. Drink More Water
You probably hear this all the time, but it seriously does make a difference. Drinking it from the tap is insanely cheap. Even if your water isn’t the best, an investment in a Brita filter or pitcher is an infrequent buy that pays for itself in the long run. Bottled water creates too much waste, and they’re way more expensive. Continue reading
There is so much talk these days about medical care, medical insurance, and medication costs, that no matter who you are or what stage of life and health you may be in, you have to think about those things. If you are ill of course it becomes a huge priority in your life. If you are healthy, you want to keep it that way. If you have a family, you think about your spouse and your kids and what kind of care and expense that all means to keep everyone as healthy as possible.
If you are a young person on your own, you may not worry all that much about your medical care. That happens sometimes because with youth often comes a feeling of invincibility. When you have been active and healthy all of your life, you may even take that fact for granted. That’s not really a good idea. Continue reading
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I have needed my eyeglasses replaced for a long time now. I got my first pair way back when I turned age 40 in 1989. It seems a lot of people start having vision problem as they age and 40, despite being “the new 20”, is a time that it seems to hit us in big numbers. Now I’m not a doctor (nor do I play one on TV), but I was having some trouble with distances like watching a movie or seeing the scoreboard clearly at the baseball games. The latter reason being a significant enough crisis for me to go to my optometrist and check it out!
The Old Fashioned Way
I have to admit it was not an easy thing to do. I went through the whole examination and not too surprisingly I was diagnosed with being near-sighted, making glasses a necessity. It wasn’t that much of a surprise but more of an adjustment for me both physically and of course, mentally. I just didn’t think I would look too good in a pair, having all my life been free of dealing with them. And God only knows how many pairs of sunglasses I have lost or broken (can you say “sat on them”?) in my life up until that point. So what was I to do? I did what everyone did before the internet was in widespread use. I went looking for a retailer near my home. Continue reading
This is a great time of the year for most of us: getting together with our family and friends and enjoying the holidays that we have looked forward to all year long. Who doesn’t love the holiday season with the food, parties and spiritual joy we all can share? And look to the beginning of a new year when we can plan for improvements just up ahead! But I say most of us enjoy it because there are some who don’t quite see it that way.
Acute Financial Stress
According to a study done by Payoff, about 23% of all Americans and an even higher percentage of millennials suffer from what is known as AFS, Acute Financial Stress. This “disease” is caused by one’s reaction to financial stress which of course the holidays’ emphasis on spending and shopping can trigger. This and so many other financial issues can turn someone’s life completely upside down and even lead to a physical and/or mental debilitation resulting in things like heart disease and mental health problems. It has been compared with PTSD (Post Traumatic Stress Disorder) as to its reach and severity among Americans today. Continue reading
The other day I went to my cardiologist for a routine follow-up visit (if cardio issues can ever be routine that is) after my recent required stress test. As they usually do when I visit, I got weighed and they also measured my height. To my surprise, I discovered I am shrinking! I have always thought and told people that I am 5’10” whenever my height was asked or required to be put down on a form. For Pete’s sake, it says I’m 5’10” on my driver’s license, so it must be true. But last week I discovered that I am actually getting smaller. I measured 5’9½” and I had to face the reality of it. I am the incredible shrinking man! After that surprise, I wondered…is it possible that small is the new big?
It gave me pause to think about the concept of smaller versus bigger. I know I’m a little weird, but I digress. I have to admit, I can’t think of any reason why shrinking at my age is a good thing but it made me wonder exactly why we are seemingly obsessed with the concept of “bigger is always better”. I have been guilty of that thinking on more than a rare occasion for sure, but now that I practice the concept of being “older and wiser” I do see things in a little (pardon my pun) different way. Continue reading