How the Georgia Runoff Results Could Affect Your Money

Money
The other day, a reader wrote to me worried about the deep partisan divisions in this country and what they might mean for his children and grandchildren. He was comfortably retired, but worried about their future. That email came Tuesday, a day before the events at the U.S. Capitol. I didn’t have a good answer for him then, and I certainly don’t have one now. I’m worried, too. In an upcoming edition, we’ll take a closer look at the disconnect between the buoyant stock market and our troubled economy and society. And today, we examine how the results of the Georgia run-off elections might affect your wallet. Take good care, everyone.

Best wishes,
Elizabeth

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TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE

What the Democrats Winning Georgia Means for Your Wallet


For starters, $2,000 stimulus checks are more likely.

3 Reasons Why Investing Experts Love Mutual Funds


They’re a cheap and easy way to invest.

RETIRE WITH MONEY COMMUNITY INSIGHTS
This week in our Retire with Money Facebook group, a member asked, “Would you still pay for  Medicare Part D even if you do not take any prescription medicines?” The answer was a resounding yes. For starters, Medicare imposes a lifetime late enrollment penalty if you don’t sign up for Part D when you’re first eligible. You can get a cheap plan now — one member found one that only costs $6.50 a month — and then switch to more comprehensive coverage when the need arises. You might not take any medications now, but that could change. One member expressed surprise at the new prescription she got as a healthy 72 year old.
RETIREMENT NEWS FROM AROUND THE WEB
Alzheimer’s: From Denial to Empowerment
How a city manager flourished after disclosing his condition. SQUARED AWAY BLOG
Avoid These Costly Mistakes When Rolling Over a 401(k) to an IRA
One misstep could result in a big tax bill. CNBC
You're Hired! (But for Much Less)
Tips for older job seekers in today’s tough employment market. NEXT AVENUE
Keeping Your New Year's Exercise Resolution
A new book explains why it can be so hard to commit to an exercise routine, and why we should do it anyway. NPR
Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.

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