Archives for Lifestyle

7 Money Moves to Consider This July

7 Money Moves to Consider This July

July 21, 2020

The coronavirus has given us all a lot of stress, as well as a lot of free time to think. If you’re postponing your summer vacation plans, now may be the perfect time to implement some financial planning “to-do’s” that could enhance your personal wealth and financial well-being. Here are seven things to consider: Is there too much risk in your portfolio? If you’re younger, you may have been told to just wait out the volatile stock market, and indeed that may be best for you. But some people—no matter what their age—are more risk-averse than others, and that’s where
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How COVID-19 Has Impacted Retirement Confidence

How COVID-19 Has Impacted Retirement Confidence

June 19, 2020

The Transamerica Center for Retirement Studies recently conducted an online survey of more than 6,000 people in the U.S. and found that many are feeling financially vulnerable. Americans are feeling a distinct lack of confidence, particularly when it comes to retirement. Whether employed or unemployed, the survey found that 23% of workers are no longer certain they can retire comfortably following the coronavirus pandemic. Not unsurprisingly, the insecurity was highest for baby boomers, born between 1946 and 1964, who are closest to retirement—32% said their confidence in their ability to retire has gone down due to COVID-19. Meanwhile, 25% of
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How a Furlough (or Layoff) Affects Your Finances…and Retirement

How a Furlough (or Layoff) Affects Your Finances…and Retirement

May 18, 2020

  Here are six things you need to know if you or a family member has been furloughed—or laid off—from their job   A furlough is an unpaid leave of absence. You don’t report to work, you don’t get paid, and you may lose some of your benefits. Getting fired or laid off is different because it is permanent; whereas, being furloughed means your employer wants you back as soon as things get back to normal, typically at the same position and income level as before the furlough. Here are six things you should know:   Filing for unemployment Whether
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How Simple Face Coverings Protect from COVID-19

How Simple Face Coverings Protect from COVID-19

May 15, 2020

In the wake of COVID-19, wearing masks or some type of facial covering is mandated in most public locations in an effort to reduce the spread of the disease. Medical-grade masks, such as the N95 respirator mask, are known to provide the best protection against breath-borne pathogens. But since those masks are critical protective equipment for front line caregivers and difficult to obtain, how effective are the cloth coverings worn by most people in public spaces? We asked Steven Gordon, MD, Chair of Cleveland Clinic’s Department of Infectious Disease, and Raed Dweik, MD, Chair of Cleveland Clinic’s Respiratory Institute, to
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