Simple Ways for Baby Boomers to Avoid Feeling Older Than You Actually Are
Baby Boomer Lifeboat
by Al Kernek
2y ago
Guest Post by Donna Erickson Thanks to modern medicine, people are living longer than they used to. But that doesn’t mean that you can do whatever you want and expect to feel great throughout the entire span of your life. It’s never been more critical to maintain daily habits that have been proven to benefit one’s health and well-being. After all, why not make the most of your time on earth? If you’re a Baby Boomer tired of feeling older than your age, you can do something about it. Forget about fad diets and other trendy wellness practices that may or may not work and consider these simple ti ..read more
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Memorial Day Reflections by a Boomer Vet
Baby Boomer Lifeboat
by Al Kernek
3y ago
This morning while enjoying my annual Memorial Day bike ride around town, I found myself reflecting on my life, appreciating that I am still here to enjoy beautiful days like today. I gave thanks for all the wonderful things I have in my life – my family, my health, friends, financial stability and love. I am grateful. I recognize that but for the hand of fate, everything could have turned out so different. Like many young men of the Baby Boomer generation, I served in Vietnam. I still remember the final parting with my wife and family, seeing the fear in their eyes that this might be the las ..read more
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Scammers are Targeting Baby Boomers this Holiday Season
Baby Boomer Lifeboat
by Al Kernek
3y ago
Baby Boomers beware – The scammers are out there and they are coming for you. I know because I was recently a victim myself. I was recently searching for a powered handsaw to cut down an overgrown bush when lo and behold an ad by Nicely Stores appeared on Facebook presenting what looked like a perfect answer for just $25. So I used my PayPal account to buy it: Christmas Pre-Sale 50% OFF- Rechargeable MINI Wood Cutting Lithium Chainsaw × 1 MINI HANDSAW $24.99  Subtotal $24.99 Shipping $4.95 Taxes $0.00  Total $29.94 USD Now, several weeks go by and then I receive ..read more
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Yeow! Watch Out for Medicare Part B Increase When Selling a Property!
Baby Boomer Lifeboat
by Al Kernek
3y ago
Last year, we finally sold our previous home which had been turned into a rental property. Imagine our surprise when we just received a letter from the Social Security Administration informing us that our Medicare Part B deductions were doubling in 202! Yep, there is an income catch that few people know about. If your annual income increases because of the sale of a rental property, your home or other major investment, then your federal Tax Return Adjusted Gross Income is likely to have a one-time dramatic increase. This doesn’t impact your Social Security income, but you could be crushed by a ..read more
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Retirement planning tips for Baby Boomers depending heavily on Social Security
Baby Boomer Lifeboat
by Al Kernek
3y ago
Guest Post by Aiden White According to CNBC.com, Americans will get $1 trillion in Social Security alone this year. And it is expected that the Social Security benefits will increase by 1.3% in 2021. If the predictions come true, then it will be the lowest Social Security benefits increase in the country. On average, a retiree gets $1500 from Social Security every month. The benefits depend on your age, how soon you decide to take Social Security benefits, and your average income. While this is not a huge amount, millions of Baby Boomer retirees are still spending their golden years living on ..read more
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Baby Boomers can “Downsize” their Homes to Make Extra Money
Baby Boomer Lifeboat
by Al Kernek
4y ago
Guest Post by Art Barry Are you grappling with the question of whether you will age in place or downsize and move? There are many possibilities. I spent a lot of time researching what might be best for me, my wife, and the four-legged pack we affectionately refer to as “the mutt sisters.” Our dilemma was that, if we downsized, we would spend nearly as much for a new, smaller home as we would receive for our existing home in the same city. Recent articles seem to indicate a “Silver Tsunami” is coming with regard to housing in the U.S. The author of one article pointed out that many seniors are ..read more
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