Key Points Nearly two-thirds of siblings talk about money with each other While financial conflicts are rare, they usually involve issues regarding parents Uniting to deal with money issues can help protect family assets Talking about money with immediate family members is not always an easy conversation to initiate. Why? For starters, the conversa...Read More
Here’s a truth. It’s simple. After Fifty, opportunities for “do-overs” are few and far between. A friend colored my hair for me. Kind of a friend. And, thank heavens I know someone who can strip out this awful color. Ahhhh, thanks for do-overs! But other situations, sometimes with far reaching implications, just can’t be R...Read More
Thinking Retirement? Planning on just “letting it happen?” Go ahead. Give it a little thought – and these tips can really help! Have a discovery phase Call it an assessment, checkup or discovery, but a key part of planning for retirement is taking an overall look at what’s going on. See where your money is invested, check...Read More
You spend a lifetime working and saving, amassing a retirement nest egg and wondering how best to invest it and make it last. Then you meet a financial adviser at a free investment seminar at work. You come to trust the planner, who advises you to take a lump-sum payout of your retirement account and let him reinvest it. He says the money will last...Read More
One size doesn’t always fit all, especially when it comes to retirement advice. In fact, some of the most time-honored rules of thumb for managing your finances after the end of your primary working years may not make sense in your specific situation. On the other hand, they might make perfect sense. As is usually the case, whether retirement...Read More
I know many of our readers are not “average.” However, if average Joe can support his retirement on as little as $200,000 savings, imagine what you can do with the amount you have! By reading the chart below, you can see that the average spending for retirement households age 65 – 74 is $46,000. It is tough to make that $46k amount with only ...Read More
If you’re a retiree looking to boost your monthly income you are not alone in your quest, 72% of adults age 50 and older say they want or need to keep working after they retire, and nearly half of current retirees say they either have worked or plan to work during retirement, according to a survey of more than 7,000 adults by Merrill Lynch Bank of ...Read More
Retirement today is not that of a generation ago, we are living longer these days, and retirement is not what it used to be. Today, 60 (and beyond) is the new 50. Retirement is no longer a time to just garden and visit the grandkids, and healthier retirees want to stay engaged and stimulated. According to a recent survey about two-thirds of worker...Read More
As we get older, the odds of accumulating wealth diminishes simply because the number of remaining years are decreasing. Many seniors today find themselves in dire straits because of a failure to institute sound investment and savings strategies, but also because of outside factors such as the Global Financial Crisis of recent years.
We’ve all thought about it at some point in our careers, the situation that many workers fear: a younger boss! Have you experienced it yet? Here’s a reality check from the world of work: guess what’s much more common after 50, older boss or younger boss?
When we think fidelity, we think extra-marital affair. Another woman, another man, enters the picture, and deception spoils the marriage. But there’s another form of infidelity, and it comes in the form of finances.
At face value, annuities offer a solid deal: guaranteed income for life. But they are not the most straightforward of products. Annuities can be a cash cow for insurance companies and the people who sell them — making it important for you to understand them and trust your source of information.