Taxes are the Retirees Biggest Surprise, a Silent Killer to Retirement Plans

To help reduce taxes in retirement, financial experts offer the following tips: Reduce expenses going into retirement; diversify your tax status; create an asset liquidity strategy, and keep your adjusted gross income low. More …Mary Ann (Mimi) Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

You can Live on Less during Retirement and be Happy

T. Rowe Price surveyed a number of retirees who are about three years into their retirement and say they are living on an income that averages out to be about two-thirds of their pre-retirement income. The survey shows living on less seems satisfying, people adjust and are happy when they align their lifestyle to their income. More…  Mary Ann (Mimi) Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

Smart Marketers Discover Boomers Value Experience over Things

It turns out that the trend in Boomer consumption is doing a U-turn back to their 20’s, which was about consuming less. The shift returns to changing values, in particular, boomers want to be responsible consumers. The idea of buying stuff just to have stuff is not what the boomer consumer values. Here is a very informative article that covers the specific stores that have their marketing targeted to the Boomer and what consumer products Boomers are buying. MoreMary Ann (Mimi) Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

etirees choose Health as the most Important Ingredient for Retirement

In a survey of over 3,000 retirees, Merrill Lynch asked people age 50 and older to name the most important ingredients to a happy retirement. The three that topped the list are not surprising: health, financial security, family and friends. It is interesting to learn what people said about having ‘purpose’ in retirement. MoreMary Ann (Mimi) Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

Why Women Sabotage Themselves Financially by Relying on Others

Here are a few examples of ways that women sabotage themselves financially by relying on others to take care of them. By not paying attention to their financial health as they go through their life cycles they find themselves without financial reserves in retirement. Get educated about finances and seek out help from trusted advisors. More …Mary Ann (Mimi) Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC