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Rising Inflation: How Will Retirees Get Through Life

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These are only two unforeseen events that sparked a surge of bankruptcies. The Bureau of Labor Statistics showed it peaked at 10 percent in 2009. Although the recession ended in 2009, the effects of inflation and interest hikes, unemployment, and the housing crash persisted. It may push you to bankruptcy or debt quicksand.

article thumbnail

Rising Inflation: How Will Retirees Get Through Life

Due

These are only two unforeseen events that sparked a surge of bankruptcies. The Bureau of Labor Statistics showed it peaked at 10 percent in 2009. Although the recession ended in 2009, the effects of inflation and interest hikes, unemployment, and the housing crash persisted. It may push you to bankruptcy or debt quicksand.

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article thumbnail

Rising Inflation: How Will Retirees Get Through Life

Due

These are only two unforeseen events that sparked a surge of bankruptcies. The Bureau of Labor Statistics showed it peaked at 10 percent in 2009. Although the recession ended in 2009, the effects of inflation and interest hikes, unemployment, and the housing crash persisted. It may push you to bankruptcy or debt quicksand.

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Managing Healthcare Costs in Retirement: A Comprehensive Guide

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One study showed that between 2009 and 2019, out-of-pocket healthcare costs for adults over age 65 rose by 41% to well over $6,000 a year. You cannot contribute to an HSA while you are enrolled in Medicare, so you should be contributing to your HSA through a High Deductible Health Plan (HDHP) now.