Health care issues were a prominent theme during the 2020 campaign for candidates up and down the ballot. President-elect Biden made health care issues, ranging from the future of the Affordable Care Act to government responses to COVID-19, central to his campaign. This story outlines his policy initiatives on multiple health care topics. His ability to pass legislation on these issues, however, likely rests on the outcome of runoff elections in Georgia, which will determine the party that controls the Senate.
Do you have a negative outlook about getting older? It’s not just your mental health that could be at risk. A study of nearly 6,000 people over 50 showed that, for people with a partner, that negative outlook had a detrimental effect on their spouse’s health. Want to sidestep this self-fulfilling prophecy? Being open to sharing concerns with your spouse and seeking outside help when needed are simple steps to address negative feelings.
You don’t plan to buy another house. Your car is paid off. Kids are out of college. It’s easy to assume watching your credit score is a younger person’s game when the expenses listed above are out of the way. Don’t be fooled. You might want to refinance a mortgage. Some long-term care facilities run credit checks. These are just two reasons to keep an eye on your credit score in retirement.
Let’s be honest. Thinking about your personal finances often leads to wondering what friends and neighbors are doing with theirs. To that end, it’s easy to find articles that show what average 401(k) balances are based on age. This article adds an additional component that’s just as important—average savings rate by age bracket. While most financial advisers would probably say the only person you should be concerned about is you, some people might find this type of comparison to be just the motivation they need to start saving—or to save even more.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.