Retirement is a wonderful time in life. Now that your working days are gone, it’s time to slow down and enjoy yourself. But you have to afford these happy years, and studies show 9 out of 10 retirees have no financial plan.
Baby Boomers are an ambitious bunch. We’ve changed retirement, making it a fulfilling, fun and exciting time, rather than our parents’ old, cranky seniorhood (okay, sometimes we’re cranky too). But some women don’t embrace this time in the same way as others, and it has a lot to do with money. We don’t like to talk about money. It’s uncomfortable, ...Read More
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.
If you ask a 50-something if they’re happy with their financial standing, the answer is likely to be, no. This is a surprising new trend. Historically, as we age, we become more and more satisfied with our money situation, however, this is no longer the case. It seems once again, the Boomer generation is changing up the status quo, and it’s affecti...Read More
If you’re like most people, the idea of your money running out before you die can keep you up at night. It’s a huge worry, of course, but there are ways to ensure you keep cash flowing, even after you retire. Check out these tips to keep your bank account flush.
After 50 your life insurance needs may change. Unlike most types of insurance people buy life insurance to provide for someone else in the case they are gone. Traditionally, once you got into your 50s, a lot of people gave up their life insurance. However, Baby Boomers, depending on their financial situation, might still want to consider life insur...Read More
Retiring is not an easy decision. A written retirement plan can help you in many ways, so you can implement it when you do retire. When you write your retirement plan, you must evaluate critical factors in your life and your expectations of retirement. The written retirement plan can be lengthy or brief, but requires you to answer critical question...Read More
Most financial advisors agree that death and taxes are vital considerations when you make financial decisions for your future. The right tax retirement planning is essential. With proper planning though, you can ensure regular income after retirement, without worrying about the taxes.
Most individuals and couples cannot live on only their social security income. It would require a drastic change of lifestyle as social security will replace about 40% of average retirement income. Since most of us want to maintain a lifestyle at least close to what we are used to living, we start searching for ways to add supplemental income.
Some grandparents aren't as informed as they could be about how they can best help. Here are 5 ways Grandparents Can Help Their Grandchildren Financially
Since about 10,000 baby boomers are celebrating their 65th birthday each day, the topic of retirement is thought about more frequently within this generation. Some baby boomers are discovering that even though they have worked toward retiring for decades, they are not as prepared as they need to be. There are some frequent misunderstandings that ba...Read More