Although I don't think anyone expects a Social Security check alone to be enough to support their retirement, the income is certainly a welcome addition to those who have completely or partially stopped working. Most years, there's a cost of living increase to help reduce the sting of inflation and benefits have increased every year but two since 1975.
Medicare - Social Security
It’s been a few years since I last discussed Medicare, the government program that helps insure health care costs for those of us who are 65 or older. Since it recently turned 50, I thought I’d offer an update. It was conceived as a way to provide health insurance coverage for retirees and it continues to fulfill that role.
Regardless of your age, the thought of not having to work, but still enjoying a great quality of life is probably quite appealing. Retirement sneaks up on you as each year goes by faster and faster.
I don’t spend a lot of time offering specific market commentary at Financial Planning Fort Collins. I think there are a lot of places and a lot of personalities that can offer plenty of very fine commentary for you to enjoy, if that's your thing. But when bigger picture things happen, I will try to put them into context, as much as possible.
Which segues into interest rates, and bonds. Interest rates have recently made a sharp move higher. In early May the benchmark 10-year Treasury note was at a yield of 1.66%, near the all-time lows hit in July of 2012. The difference between this year and last is that in just over a month the yield on that 10-year T-note has snapped up to around 2.20%. On a relative basis, that's a big move for the bond market - yields moved up by nearly 1/3rd in around 30 days.1
The Second World War ended In 1945 and members of the Baby Boom generation began arriving in significant numbers soon thereafter. Boomers changed the country’s economy in many ways including providing new markets for baby books (remember Dr. Spock?) and denim fabric. Colleges were enlarged, even established, to accommodate them.