Kate Mayfield

Nov 9, 2023 | far.com | Kate Mayfield |Sandra Beckwith |Miranda Marquit |Logan Allec

Planning from a young age goes a long way to ensuring a comfortable retirement. But when the goal is so far down the road, it can be hard to know exactly what you should be planning for and how much you’ll actually need. In a 2022 study from the Transamerica Center for Retirement Studies nearly three-quarters of Gen Zers said they were confident they’d be able to fully retire and live comfortably. To achieve that, they believed they’d need to have saved a median of $200,000.

Sep 5, 2023 | far.com | Kate Mayfield |Miranda Marquit |Rudri Patel |Chris Casacchia

When you’re in the middle of a medical emergency, you don’t usually have time to shop around for healthcare services. If you’re in an ambulance, you might not know whether they are taking you to an in-network hospital for emergency care. Only later, after it’s all over, do you end up with surprise bills from out-of-network providers. The good news is that the No-Surprises Act went into effect in 2022.

Aug 31, 2023 | far.com | Kate Mayfield |Logan Allec

You don’t have as much income coming in during retirement as you did during your working years. That means you need to maximize every dollar even more than when you were working. Here are three strategies to reduce your tax burden in retirement. In retirement, you’re likely to have at least the following four kinds of income: Strategy 1: Formulate Your Pre-Tax and Post-Tax Distributions In retirement you’re likely to have at least the following four kinds of income.

Aug 29, 2023 | far.com | Kate Mayfield |Chris Casacchia |Logan Allec

When French President Emmanuel Macron enacted sweeping changes to France’s retirement system in April, raising the retirement age from 62 to 64 in part to help the country’s pension system stay afloat, the overhaul sparked angry protests in the streets for weeks. The U.S. has similar solvency concerns, but our aging population is staying in the workforce longer than any previous generation anywhere, altering the retirement and labor market for years, perhaps decades.

Aug 23, 2023 | far.com | Kate Mayfield |Rudri Patel

There are many options for senior living, with an assortment of easily confused names. A confusion many people have is about nursing homes versus assisted living centers. However, there are key differences between the two types of facilities. Understanding these differences can help you choose the best option for yourself or a loved one.  A nursing home is a residential, skilled-care facility where residents require 24-hour supervision because of serious or chronic medical issues.