Work & Retirement

Work & Retirement

15 Reasons You’ll Go Broke in Retirement. Hint: Don’t Live Too Long or Spent Too Much

Emergencies don’t end when retirement begins. A single home or auto repair – say, you need to replace your roof or get a new transmission – can strike a devastating blow to the budgets of fixed-income retirees who don’t have money set aside for just such calamities. ...
Read more 0

A Retirement Checklist: 8 Steps to Take Now

We all know people who dive head-first into retirement with seemingly little thought to whether or not it's the best time for them to stop working. Simply put, they haven't done their homework. Don't be like them. Consider these suggestions before taking the big step into retirement. ...
Read more 0

Discover Your Next Chapter with Encore Cleveland

Whether you’re a grandparent, the face of retirement is changing. Many of us nearing the end of or already retired from our primary careers want to remain active and engaged in the community.

Retirement today isn’t defined by idle time; it’s an opportunity to experiment with a second act, whether volunteering, working part-time or turning a hobby into a small business. Everyone benefits — both those who stay active and socially engaged in retirement as well as their communities that are made better from their expertise, time and passion.

A Second Chance, a Second Calling

That’s the idea behind Encore Cleveland, launched in 2013 by the Cleveland Foundation to connect and fund a network of organizations that match experienced Greater Clevelanders with an array of meaningful opportunities in the community.

“Looking at the data, 30 percent of the Cuyahoga County population will be age 55 or older by 2030,” says Kathy Hallissey, Cleveland Foundation program director, leadership development. “These people have decades of career experience and knowledge under their belts. What if we could harness their time and talent to fill needs in the community? That’s what Encore Cleveland aims to do.”

Encore Cleveland programs — offered through more than nine nonprofit partners — include volunteer positions, paid positions and educational programs to help Greater Clevelanders discover their next chapter.

How does a one-day volunteer project sound? Or a paid fellowship at a nonprofit organization? Or maybe you want to learn how to launch your own business.

Encore Cleveland offers something for everyone. Get to know the opportunities available through Encore Cleveland and find one that fits your interests and schedule. To learn more, visit ClevelandFoundation.org/Encore, call 216-391-9032 or email [email protected]

...
Read more 0

How Much Money Do You Need? We’re Talking Retirement, Not Greed

Many people don't consider longevity when they set savings goals. Folks are living a lot longer and that makes retirement planning more challenging than ever. A healthy, upper-middle-class couple who are 65 today have a 43 percent chance that one or both partners will live to see 95. Savings need to be adjusted accordingly.. ...
Read more 0

The Social Security Question : When Should I Claim It?

I find that many retirees would prefer to have the money earlier, at say age 66, because they feel they won’t be as active or travel as much later on, at age 82 or 83. Therefore, to them personally, the money means more to them now than in 15 to 20 years. ...
Read more 0

Planning for a Secure Retirement in your 50s, 60s & 70s

The truth is, the things you can control—your day-to-day saving, investing, and planning decisions—are what’s most critical to your retirement success. ...
Read more 0

Northeast Ohio Medicare Insurance Guidance by Strachan-Novak Insurance Services

If you’ve turned 65 or are getting close to it, you’re likely swamped with information about Medicare plan options such as prescription drug plans, supplemental health insurance policies and Medicare Advantage plans.

Some folks may enjoy the challenge of figuring out the process of choosing health insurance coverage. After all, it’s important to choose the right coverage for your needs. However, if you’re not one of them, consider an appointment with a licensed sales agent who can help you navigate through the various options and help you get the right coverage for your health care needs.

 

Finding a Fit

Brokers (or agents) are licensed by the state and undergo annual required training and testing by the plans they sell.

There’s no cost for the service offered by a licensed sales agent because the agent is paid a commission by the private insurance carrier based on your enrollment in the plan.

 Consider meeting with an agent before you turn 65 so you can anticipate costs and coverage. Caregivers or family members who are helping make these decisions can participate in the meeting, too.

 

A licensed sales agent assures that your enrollment application gets properly completed, follows up with the carrier to ensure timely processing, and provides notification of your enrollment status.

The agent also will research prescription drug plans (PDP) because each has a list of covered drugs. An agent can help determine if your drugs are covered,  the co-pays associated with a plan and which plans to offer the best benefits for your situation.

In addition, the sales agent also verifies that your doctors, hospitals and other medical providers are in-network. This is an important step before selecting a plan because many Medicare plans have a network of doctors that they use.

An agent follows up annually to discuss changes to your medical needs, to discuss any upcoming changes to your current policy, and to provide updates on the health insurance industry.

...
Read more 0

Cool Jobs

 

Cool Jobs

For people like Ray Brown, work looks a lot like play. Here are a few honest-to-goodness jobs compiled by Wil Fulton from thrillist.com.

Ice Cream Taster — The ultimate “cool job,” these folks mix the magic concoctions of ice cream, candy and other goodies into frozen fantasies. Not great for the waistline, but good for morale.

Netflix Tagger — Have you binged on more episodes of “Fuller House” than you want to admit? Think about becoming a Netflix Tagger, and get paid to watch TV. These part-time employees watch shows and movies through Netflix streaming, then associate content with various tags, helping the service recommend shows to viewers based on what they have previously watched.

Private Island Caretaker — For those planning a retirement that includes sun and surf, consider being a private island caretaker. Those who do this love the tropical paradise life, but note that while there are obvious benefits, it helps to be handy — and in good shape — as property owners expect all to be in shipshape when they arrive for their holiday.

Fortune Cookie Writer — Like to give advice? Do you excel at choosing lucky numbers? Donald Lau, who has been crafting fortunes for Wonton Foods, manufacturer of fortune cookies (among other Chinese cuisine) is stepping down after 30 years because he says he has run out of ideas. So if you have some creative writing ability, this could be the way the cookie crumbles.

Google Trike/Street View Team — Like to cycle? Want to travel? Maybe joining the Google Street View Trike Team is up your alley. This job involves pulling a Google Maps camera behind a three-wheeler through cities all over the world. There are also positions for folks who feel hoofing it is more their speed.

Panda Nanny — If you have experience babysitting the grandchildren, you may have what it takes to become a Panda Nanny.

...
Read more 0