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Saturday, January 28, 2023
“Retirees are likely to see another sizable increase in their Cost-of-Living Adjustment (COLA) for their Social Security payments in 2023,” due to higher interest rates, says Susan Moore of Moore Financial Advisors in Watertown. Photo/Submitted

Higher interest rates are a double-edged sword

By Sharon Longo, Contributing Writer REGION - Having some money set aside may provide a sense of security, but many people often feel insecure when...
“For lower-income individuals, I would say annuities might still make sense if they don’t plan to leave a bequest,” says Gal Wettstein, senior research economist for the Boston College Center for Retirement Research.. (Photo/submitted)

Are annuities right for you?

By David Wilkening, Contributing Writer REGION - For decades, people have been buying annuities for a lot of reasons that sounded positive. They are long-term...
Boston-based attorney Marcia Wagner says apart from changing federal estate tax laws, the most important factor in estate planning may be a last will and testament.

How to avoid mistakes in estate planning

By David Wilkening, Contributing Writer REGION - If you’re considering estate planning, you might be putting it off until you’re older. Keep it simple, you...
While I bonds are not a total answer to inflation, they can play a role in at least reducing it or helping to solve it.

I bonds are an investment that benefits from inflation

By David Wilkening, Contributing Writer REGION - Inflation news is almost always grim. But I bonds, a low-risk investment that flies under the radar for...
When you convert a Traditional IRA to a Roth IRA you pay income tax on the amount of money being converted.

Should you convert to a Roth IRA?

By Nance Ebert, Contributing Writer REGION – For many people there is typically some confusion when it comes to retirement savings plans and how best...
Because Massachusetts is not a community property state, when a married resident of the state dies, their spouse does not owe their debts.

What happens to your debt when you die?

By Nance Ebert, Contributing Writer REGION - When people think about planning for their eventual demise, the focus is usually on assets. But what about...
The average New England household spends more than $1,500 on energy bills. Half of that amount goes to heating and cooling.

Energy-saving tips don’t have to be complicated or expensive

By David Wilkening, Contributing Writer REGION - Typical of many seniors, George Downie has an aging home. Heating and cooling bills―which typically make up the...

When to start collecting Social Security is one of the most important retirement decisions

By David Wilkening, Contributing Writer REGION – When should you start collecting Social Security? Anytime you want once you reach age 62. That’s a fact....
One survey revealed that over half of 50-plus professionals view remote work as a more productive option.

Remote work on the rise for many older workers

By Barbara Hazelden, Contributing Writer REGION - While inching along in I-93 traffic every day or plodding along slushy Boston streets in horrible winter weather,...
The grocery store is one place where the effects of inflation have been felt greatly. Photo/Submitted

Tips on coping with inflation

By David Wilkening, Contributing Writer REGION – Costs are higher when you pump gas, go to the grocery store, and pay for many other necessities....