Working one more year can boost financial security by increasing savings and reducing retirement funding needs.
Consumers should challenge vague fees on medical bills to avoid unexpected costs and increasing charges.
Deep dives
The Impact of Working Longer on Retirement
Working one more year can significantly boost your financial security by increasing savings, reducing retirement funding needs, allowing investments more time to grow, and potentially getting higher Social Security checks.
Rising Medical Facility Fees
Facility fees on medical bills are increasing, impacting consumers with additional charges. Consumers should challenge these fees and other vague charges on medical bills to avoid unexpected costs.
Impact of One More Year Syndrome on Retirement Plans
The 'one more year syndrome' can keep individuals working longer than necessary, affecting financial independence. While working longer offers benefits like increased savings and postponed retirement expenses, it can hinder retiring at the optimal time.
Role of Consolidation in Increased Healthcare Costs
The consolidation of healthcare facilities is leading to higher fees and limited competition, affecting consumers with rising medical bills. Consumers may face challenges with increased fees for medical services due to industry consolidation.
Time for a Friday Flight- our little sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we explain some relevant and helpful stories like: free ADU drawings, noncompete bans, forced fiduciaries, accessible financial literacy, automatic airline refunds, bad budgeting, Facebook marketplace fraudsters, affordable car maintenance, hospital facility fees, & ‘one more year’ syndrome.
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