Social Security and Medicare Face Financial Challenges

How Social Security and Medicare will be affected by the COVID-19 pandemic is still uncertain; the Trustees acknowledge that the estimates and analysis included in the reports do not reflect the potential effects. Social Security Trust Funds The Social Security program consists of two parts, each with its own financial account (trust fund) that holds … Read more

Half Empty or Half Full?

Is the average Baby Boomer retiree’s glass half empty or half full? After several years of nothing but gloom and doom scenarios and projections for boomer retirees, there is finally some good news to report…maybe. A  recent survey conducted by Baltimore-based investment management firm T. Rowe Price concluded that many newly-minted retirees are finding that … Read more