In fact, your health care costs during retirement may well increase, so you may want to plan for these costs well before you leave the work force. How much can you expect to spend on health care during your retirement years?
BRPC Executive Director Nathaniel Karns knows a thing or two about planning.
He's been in the business for 40 years with most recently a 23-year stint as the executive director of Berkshire Regional Planning Commission.
The City Council on Tuesday bid goodbye to one longtime employee and welcomed her replacement.
Assistant City Clerk Nancy Canales, who retired last week after nearly 19 years with the city, was presented with framed and personalized map of historic North Adams by the City Council.
Once you turn 70 1/2, you generally need to start taking withdrawals – the technical term is "required minimum distributions," or RMDs – from your traditional IRA and your 401(k) or similar plan, such as a 403(b) plan (for employees of pubic schools, religious institutions and other tax-exempt organizations) or 457(b) plan (for employees of state and local governments and governmental agencies).
Stanley "Stash" Cote hung up his mop and broom for the final time on Wednesday.
The longtime custodian spent 39 years cleaning up after the children of the Adams-Cheshire Regional School District.
But Cote's expectation of sweeping up and walking into retirement didn't go as quietly as expected. Instead, he was met with a hall full of students and faculty thanking him with a "walk of honor."
So, assuming you do have a traditional IRA and a 401(k) or similar plan, what should you do with the RMDs? You'll probably require at least some of these distributions for your living expenses, but if you don't need it all, what should you do with the "excess"?
Mayor Richard Alcombright thanked Montepare for helping so many families in the city, including his own.
"You've been a tremendous friend not only to me but to everyone who's come in contact with you," he said. "You always find the right thing to do and the right way to do it."
Montepare, who retired a few months ago but stayed on as a part-time interim was attending his final School Committee meeting. His replacement, Barbara Malkas, begins on July 1.
One sure sign that winter is coming has been for decades the spiraling line of vehicles leading to the doors of Mister Tire
No more. After more than 40 years, Larry Davis is cleaning his hands of the tire business.
Davis confirmed on Tuesday that Mister Tire will be closing its doors on June 4
Of course, while nurses and doctors can help you in many ways, you can do a lot of good for yourself by adopting healthy living habits, such as eating right, exercising frequently, and so on. But you can also do much to help your financial health.