Can people change their financial habits. You know, well, what are some effective ways at doing so. >> The answer is yes, we can absolutely change.Um, my book, How to Change, shares a lot of different strategies for supporting this. The first thing I would say is the best thing we can do with our finances is think about set it and forget it solutions. What do I mean by that.I mean, um, have you signed up if you have an employer with a 401k or a 403b plan where you can get a tax advantaged, um, uh, benefit f ...

China's Xi Jinping is learning to love the stock market, writes @shuli_ren. Equity returns will be key to fund retirement in an aging society (via @opinion) https://t.co/Ssvw2KOCIQ ...

Social Security Concerns - Social Security's retirement fund could be depleted in approximately 8 years, potentially leading to a benefit cut of about 23% [1] - The depletion date for the Old-Age and Survivors Insurance (OASI) fund has moved forward by about 6 months due to the Social Security Fairness Act, and another 3 months due to lower fertility rates and worker-to-retiree ratio [7][8][12] - A couple retiring in the year of insolvency could face a $16,500 reduction in their annual benefits [13] - For a single person with a primary insurance amount (PIA) of $3,500 claiming at age 70, benefits could drop by $12,000 annually after the potential cut [15] - For a couple where one spouse has a PIA of $3,500 and the other $2,500, claiming at 70, their combined benefits could drop by $20,000 annually [15][16] Medicare Challenges - The Hospital Insurance (HI) trust fund (Medicare Part A) is projected to be depleted by 2033, three years earlier than the previous projection [5] - Medicare Part B premiums are expected to continue rising, with an example projection using a 6% annual increase [40][41] - Changes in Part D (prescription drug coverage) are causing significant price increases for consumers, with some monthly charges jumping from $3.30 to $35.90 [43][44] Healthcare Coverage Issues - Potential Medicaid cuts and changes to the Affordable Care Act (ACA) could result in approximately 8 million people losing Medicaid coverage and another 8 million losing ACA coverage [1][46] - Proposed changes to ACA enrollment involve stricter requirements and shorter enrollment windows, potentially leading to people losing coverage inadvertently [50][51]