Global Debt Reaches $315 Trillion

From: www.linkedin.com

Global debt is at $315 trillion, up 21% since COVID-19.

The Downside of Falling Interest Rates

From: www.nytimes.com

With the Federal Reserve expected to cut short-term interest rates later this month, investors face some tricky choices.

While falling rates are usually viewed as a boon for the stock market, that’s not the case for all parts of the investment universe. In fact, for money you may need soon, where safety is a major priority, falling interest rates aren’t great news at all.

Whenever…

Inheriting a Home With Your Siblings? Here’s All That Can Go Wrong

From: www.realtor.com

If you and your siblings are on track to one day inherit your parents’ home, take heed of this cautionary tale.

In a Reddit thread AmITheA—le, a poster recounts how when his mom died in 2018, she left him and his two siblings her house.

“My siblings wanted to sell the house and split the money,”…

By David H. Morgan

From talk given at Ormond Beach Presbyterian Church

We are living in turbulent times. Al around us in the past year we have witnessed a myriad of storms:

1. Natural Ones: such as many hurricanes, earthquakes, forest fires, and other sorts of weather extremes. Just this morning, and many times recently, there remain more and more articles about rising seas nationally, continued turbulence in the oceans and the Gulf of Mexico, and local…

How Behavioral Factors Shape Retirement Wealth

From: wharton.upenn.edu

Wharton’s Olivia S. Mitchell states the stark truth about saving: “Let’s be honest, saving is no fun. People don’t get ‘utils’ (or utility) out of saving. They get utils out of spending. Therefore we must devise new ways to make saving more enjoyable.”

Retirees can get those utils if their savings, including pensions or annuities, are sufficient to finance their lifestyle…

By David H. Morgan

From talk given at Ormond Beach Presbyterian Church

The A, B, C’s and D of Stewardship

What is stewardship and what does it mean to you, to me, and OBPC?

I think they can be best explained by the A, B, C, and D’s of giving:

I. My Personal History: Left Atlanta in 2003-04, searched for a church home for 3, 4 years. I opted to finally decide on OBPC for a myriad of reasons,…

Florida Medicaid (SMMC-LTC) Income & Assets Limits for Nursing Homes & Long Term Care

From: www.medicaidplanningassistance.org

Florida Medicaid Long-Term Care Definition

Medicaid is a health care program for low-income individuals of any age. While there are various coverage groups, this page is focused on long-term care Medicaid eligibility for Florida senior residents (aged 65 and over). In addition to care services in nursing homes, adult family care homes (adult…

Got Questions About Medicare Hospice Services? Here Are Some Answers

From: www.forbes.com

Learning about services that Medicare covers, and their cost, is an important discussion topic for Medicare beneficiaries. However, there is one subject that rarely comes up: hospice, end-of-life care for the terminally ill.

Many studies have shown that earlier end-of-life care can have a positive impact: reduced administration of unnecessary medications, fewer hospital admissions…

By Ted James

Retirement, a phase often associated with leisure, is increasingly becoming a time for educational rejuvenation. More retirees are recognizing the value of returning to academia, not just as a pastime, but as a means to enrich their later years. This article from Retirement & Estate Advisors & Professionals (REAP) sheds light on the multifaceted benefits of embracing education after retirement — from mental rejuvenation to new career paths — to illustrate…

His Majesty, King Charles III becomes Patron of the University of Westminster

From: www.westminster.ac.uk

The University of Westminster is pleased to announce that following a large review of Royal Patronages, King Charles III will become the University’s Royal Patron continuing a long history of royal connections.

Previously, Queen Elizabeth II was the University’s patron from 1993 until her death in September 2022.