Older Folks Stuff: Retirement, Social Security, Medicare, more

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Thought it might be a good idea to have a thread where older peeps and retirees could talk about getting up in years and the good and bad that comes along with aging.

I'll start off with this.

WHAT'S THE BEST AGE TO RETIRE?​

May 1, 2025 #retirement #retirementplanning #retireearly


15:05

00:00 Intro
00:18 Standard retirement age
01:45 Life expectancy
05:03 Survey – New York Life
05:40 Joys of retirement
06:32 The system is rigged
09:15 Six Tips to retire On Time (Your time)
14:00 Optimize your life
 

Social Security EMERGENCY UPDATE: "WE'RE TAKING THE CHECKS NOW"​

May 24, 2025
A lot more Americans are opting to start taking their Social Security Way before full retirement age due to the uncertainty surrounding Social Security payments in the near future. Also, the economy is making everything so expensive that people need the money today. And the bond market is predicting inflation will continue to get worse as treasury yields continue to rise, which is not great news for anyone.


19:17

0:00 We're taking the checks now!
5:31 Debate on Economic Policies and Spending
8:12 Inflation and Its Impact on Markets
11:50 Auto Loans: Risks and Repercussions
15:11 Navigating Financial Challenges in a Volatile Economy
 

Introducing a Free Caregivers Course​

Apr 28, 2025 #CaregiverSupport #CaregiverCommunity
Caregivers, good news! SeniorLiving.org is offering a free caregivers course that can help first-time caregivers for seniors as well as experienced caregivers. Learn more about the caregivers course in this interview with SeniorLiving.org's Taylor Shuman, and then check out the course at https://www.seniorliving.org/caregivi...


7:48

0:00 Introduction to SeniorLiving.org Caregivers Course
1:26 1 in 5 Americans are caregivers, many with no experience
2:14 Caregivers Course is designed for beginning caregivers as well as a refresher for experienced caregivers
3:10 The 1-2 hour course can be taken at your own pace
3:47 Senior Expert Linda Schlenker worked on the course
4:40 The free Caregivers Course also helps the caregivers take care of themselves
5:29 Find the free Caregivers Course at https://www.seniorliving.org/caregivi...
5:46 SeniorLiving.org has many other resources for caregivers and seniors

- To learn what bills seniors don't have to pay, watch • Lawyer Tells Struggling Seniors Which...
- Subscribe to SeniorLiving.org on YouTube: / @seniorlivingorg
- For more tips for seniors: https://www.seniorliving.org/
 

Commodity Supplemental Food Program​


The arrival of 'MAHA food boxes' with Trump's changes may not be enough for retirees​

The Social Security program is a cornerstone of financial stability for millions of Americans, particularly the elderly. In 2023, it lifted 22 million people out of poverty, with nearly three-quarters being over 65. This vital support helps retirees cover essential expenses. However, recent budget proposals by President Donald Trump for the fiscal year 2026 have sparked concerns.

More:

https://www.msn.com/en-us/money/per...S&cvid=d319f566714b4b4b9e848fdc69a9bb8f&ei=38
 

Estate Planning For Emergencies: 6 Documents To Keep In Your Car​

May 27, 2025 #estateplanning #powerofattorney #wills
In this video, we’re covering a critical topic: estate planning for emergencies and six documents you should always keep in your glove box.
Read more below the vid on youtube.


9:43
 

Aging in Place: How seniors are living safely in their homes for longer​

More than a quarter of U.S. households are headed by someone 65 or older, a number that keeps growing; 77% of Americans over 50 want to remain in their homes as they age, according to AARP.

What demographers call the Silver Tsunami presents a growing need for modifications that let people live safely in the comfort of their houses for longer. Across New Jersey, a number of companies have come up with ways to help them do just that.

"I think it's absolutely critical to have seniors stay comfortable in their home as long as possible, because the data shows that there are better health outcomes," said Liz Rabban, co-owner of TruBlue Home Service Ally, based in Morristown and Montclair, New Jersey.

"And so for all of the reasons you would imagine why somebody wants to stay in their home, I think that building the support system for them to stay where they are is important," Rabban said.

For these services, she said, it's not just about finding somebody who will perform the necessary renovations; homeowners need someone who will put in the effort to truly understand each person's needs.

More:

https://www.msn.com/en-us/money/new...S&cvid=3c25f3ef7b474024a9c93db3ff8a2139&ei=75
 

‘The situation is extreme’: I’m 65 and leaving my estate to only one grandchild. Can the others contest my will?​

Dear Quentin,​

I am over 65 and have been living alone now for six years. How can I organize my estate so there is little or no potential for my will to be contested? In brief, I would like to have my potential executor take care of this. I feel it is absolutely necessary to leave about 90% of what I have to just one grandchild. They are almost 18.

I would like the executor to offer guidance for further distribution to their siblings when that grandchild is 25. At that time, the executor would decide which, if any, sibling is OK to be given money. Yes, the situation is extreme with the other grandchildren. Otherwise, I would not do this. I plan to update my will by June.

The Grandmother

More:

 

I've continued to work after retiring to supplement my pension. It's given me opportunities to travel more.​

  • Darcy Flynn, a lawyer, wanted to go on a 2-month trip to Spain, so he retired at 64.
  • He's been splitting his time traveling overseas, visiting his mom, driving cross-country, and taking part-time legal jobs.
  • He's delivering company cars for $0.45 per mile to supplement his pension and explore the country.
This as-told-to essay is based on a conversation with Darcy Flynn, 65, a semi-retired lawyer from Washington, DC. The following has been edited for length and clarity.

Early last year, my partner and I were figuring out how to get enough time off for a trip to Spain. I was 64 and working as a legal aid attorney in Washington, DC. Although I could have applied for extended leave, I decided it was a good time to retire to have the flexibility to travel more.

We ended up taking a two-month trip to Spain. Since then, I've traveled — both alone and with her — to Gibraltar, Morocco, Germany, and Nigeria. I've also spent time in Ireland, and, as a huge Beatles fan, finally had a chance to visit Liverpool in England.

More:

https://www.msn.com/en-us/money/ret...S&cvid=4223503c567140899ab4743b38b49991&ei=20
 
Only.old people know how to count change.properly.
 

7 Hassles YOU MUST AVOID When Settling An ESTATE​

Jun 3, 2025 #estateplanning #livingtrust #wills

In this video, Toby Mathis, Esq. explains the seven biggest hassles people face when settling an estate—and, more importantly, how to avoid them.
Estate settlement can be an emotionally and financially draining process, especially when documents are disorganized, probate costs pile up, or family disputes arise.
Toby breaks down each of these challenges in detail, starting with the difficulties of locating important documents like wills, trusts, life insurance policies, and digital assets.
We'll also cover how probate delays and court costs can be minimized or eliminated with proper planning, particularly by using and funding a living trust. Living trusts can prevent unnecessary legal battles, reduce administrative fees, and provide clarity to heirs—ultimately minimizing conflict and keeping the estate out of court.


15:40

Show Notes:
0:00 Intro
0:16 Hassle #1
2:41 Hassle #2
3:58 Hassle #3
6:25 Hassle #4
8:43 Hassle #5
10:20 Hassle #6
12:09 Hassle #7
15:02 Outro
 

Three Big Medical Costs That Retirees Often Underestimate​

Ray Loewe, an 83-year-old retiree in Lancaster, Pa., spent his career as a financial planner guiding people through the complexities of preparing for retirement.

But it wasn’t until he was well into his own retirement and switched to a concierge medical practice that charges an annual fee for more-personalized care that he learned a hard truth: He had significantly underestimated the cost of healthcare.

Americans tend to go into retirement in relatively good health and well aware they will pay premiums for such things as Medicare, supplemental Medicare insurance and Medicare drug plans and even long-term-care insurance. One widely used estimate for such healthcare costs—from financial-services titan Fidelity—pegs them at $330,000 for the average couple throughout retirement, or $165,000 for an individual, and those figures don’t include long-term-care insurance.

More:

https://www.msn.com/en-us/money/ins...en-underestimate/ar-AA1Gjmtl?ocid=socialshare
 

5 Reasons To Retire AS SOON AS YOU CAN​

Jun 10, 2025
There are 2 different schools of thought when it come to retirement. Retire as soon as you can or wait to retire until you absolutely have to. There are pros and cons to both approaches. Lets go through the benefits and downsides of each method to help you determine the best approach for you.


25:05

Articles Mentioned in the Video

- https://apple.news/AF2x9S61eRdaMEpXRi...
- https://apple.news/A_bGC4XakSkaAzgGOM...
 
Health insurance is the deciding factor for a lot of us, I left when Medicare was available because I had a cancer scare. No cancer thank you...
 

Battle over Jimmy Buffett’s $275 million estate highlights risks of family trusts​

  • A court battle is brewing over Jimmy Buffett’s $275 million estate.
  • The late singer’s widow, Jane, and the co-trustee of the estate, Richard Mozenter, have filed lawsuits against one another.
  • Attorneys said the Buffett case offers important lessons for families planning wealth transfers.
A court battle over the late singer Jimmy Buffett’s $275 million estate has highlighted the growing litigation over the trillions of dollars in wealth being passed down to spouses and families, experts said.

Jimmy Buffett’s widow, Jane Buffett, filed a petition last week in a Los Angeles court to remove her co-trustee, Richard Mozenter, from the marital trust created to support her after the singer’s death in 2023. Jane Buffett, who married Jimmy in 1977, alleged that Mozenter has been “openly hostile and adversarial” toward her and has refused to give her details on the trust and its financials. She alleged Mozenter is collecting “excessive fees” of $1.7 million a year and that he’s mismanaging the trust assets, projecting income of only $2 million, implying annual returns of less than 1%.

More:

 
www.youtube.com

Retire Boldly: Alaska to France

We're trading the rugged beauty of Alaska for the charm and culture of France — and we're taking you with us! As we plan, we’ll share every step of our retirement adventure: planning, packing, pet logistics, visas, housing, healthcare, cultural prep, and all the curveballs in between. If you're...
www.youtube.com www.youtube.com
 
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