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Making progress with the global poverty fight

The World Bank’s 2019 annual report summarizes the continued struggle with its mission on ending extreme poverty while remaining optimistic and diligent in a few key areas. Their mission is “to advance shared prosperity and end extreme poverty” and they plan to do this by 2030. This global organization and its many sub-organizations and projects operate in regions around the world. After WW2, the UN established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank) aimed to stabilize exchange rates, rebuild countries devasted by war, and promote economic development in poor countries. 75 years later, the World Bank has led the fight o

Gigs for the prospective retiree

If you're facing retirement, the only thing worse than the risk of being bored in retirement is the lack of funds keeping you from doing the things you want to do. Fortunately, as the saying goes, "you're not dead yet," and there are plenty of ways to generate some extra cash while keeping you doing the things that bring you joy. Here are some surprising statistics about American retirees today. ⅓ of them only have $5,000 in retirement savings and the median household retirement savings is $50,000 ^1. Also, a quarter of people over 65 will live past 90, according to the Social Security Administration. The point I’m making is that most people would benefit from a little extra income in retire

What to look for during Medicare open enrollment

Medicare open enrollment is from October 15 – December 7 and, if you’re 65 and over, now’s the time to see if you should enroll for the first time or make changes to your existing plan. Here’s a quick refresher for those that this applies: Medicare Part A and B First, you should be enrolled in both Part A and B. The former is free and covers limited hospital stays and limited skilled nursing care. The latter charges a premium based on your income and ranges from $135.50 - $460.50/monthly ^1, and is deducted from your Social Security benefits. It covers doctor visits, out-patient services, and some medical equipment. Medigap (supplemental) vs Advantage plans If you’re healthy, you should firs

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Eureka Wealth Management is a registered investment adviser in the State of California. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment advisory services. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.