Taking Care of the Details are often easy to procrastinate about and rationalize delaying action. When are you prone to procrastinate? Yard work? Laundry? Taxes? Oil changes? Dirty dishes? Saving for retirement? Life insurance? Your estate planning? Project for work? One of my favorite T-shirts says “Don’t Rush Me, I Am Waiting for the Last Minute.”
What should I do with a financial windfall?” is a question I am often asked. As in, “I just got my government stimulus check.” Or maybe, “I got a raise at work so I have more income, what is the best use of the extra money?” Or perhaps, “I inherited some money from my grandmother what should I do?”
The previous twelve months was a reminder of the stock market’s perseverance. Hold onto your hat as you read this, since the moves were dramatic. The S&P 500 peaked at 3,380 on February 19, 2020. By March 23, the index dropped 1,089 points or 32% in a mere twenty-three trading days. (1) One year after a peak, then a decline of 32%, the S&P 500 index is 16% higher than a year earlier. “who woulda thunk?
If you are 65 and enrolled in Social Security, you may be automatically enrolled in Medicare. You may be eligible for Medicare before 65 if you have certain medical issues. If you are older than 65 and not yet receiving Social Security benefits, you will need to take action to become enrolled to receive Medicare benefits.
