Finances

Your Boomer Knowledge Can = A Profitable Consulting Business

This is the second post in my new “Biz Starters Style” series…  Today I talk about setting up a consulting practice, a particularly popular style of doing business among downsized corporate executives, particularly MBAs. Enjoy… ************  It seems that every ...Read More

How Early Retirees Can Balance Growth and Income

Retirement Income Strategy Using Buckets Let's take a closer look at a hypothetical 55-year-old couple with $2 million total — $1 million in after-tax savings that they'll dip into first, and $1 million in pretax accounts that they don't want to touch until age 70 1/2. Jason Flurry, president of Legacy Partners Financial Group,...Read More

Turning On the Retirement Income Spigot

If you've saved an adequate amount of money to comfortably fund your retirement, you probably think you are in the home stretch. The only thing left to do is sit back and enjoy your nest egg, right? Not so fast. You may still have to navigate some rough waters, so it may not all be smooth sailing. For one, you will still have to manage your sa...Read More

Multigenerational Homes A Family Solution

Once upon a time, Grandma could expect to move into the spare bedroom and help out with the kids. After World War II, that model changed as young people moved closer to the city and embraced the new American dream — a house in the suburbs that had no room for aging parents. Now multigenerational living is making a comeback. According to a Pew...Read More

Retirement, Marriage, and (What Else???) Money

My husband has just retired. There was a beautiful ceremony and a lovely party. He got all dressed up – and so did I, for that matter. We wanted to look our best because we felt this was an important occasion. This represented a rite-of-passage. He would be transitioning from the world of dutiful work into a world far less well defined, and t...Read More

Confronting Illusions

A couple of events have occurred recently that have me thinking about some of the illusions we maintain as we age. Here are three. DEMENTIA. You may not be at all concerned about developing Alzheimer’s or other forms of dementia – today. But you should be. It’s in the back of my mind – all the time. I may have reason for con...Read More

Scams: Targeting Our Aging Loved Ones

Recently we ran an article that flew right to the top of the charts: Scammed By Love. It’s the true story of 73 year-old Lydia, from Vancouver, who was scammed by a guy she met through an online dating site. And it quickly reminded me of the time I was in my 90 year-old mother’s home when the infamous “Rachel from Cardmember Servi...Read More

Retirement Realities

Over this weekend I’ve heard two different stories about After Fiftiers who are significantly downsizing their lives and selling their homes in this down market. Why? Both are looking to generate extra income. One needs to support the care of an aging loved one; the other needs to support her own�unplanned, unexpected, early retirement. So,...Read More

The IRS and Identity Theft

He and my husband are great friends – going on 40 years! In addition to being a good friend, he’s also very bright, well-educated, and very (very) comfortable, financially-speaking. So we were surprised by his story. He owns two homes, a principal residence and a vacation home. When he files his federal taxes, he files them based on his...Read More

An End of Life Journey Begins

Yes, I know. It’s been much too long since I have posted here. But as is the case with many of us who are After Fifty, life sometimes intervenes (interferes) with our plans. The intervening factor here was the sudden, unexpected illness and hospitalization of my 88-year-old mother. It was touch-and-go for a bit, and, bottom line, even though ...Read More

After Fifty? Thinking of Retirement? Make It A Happy One! (Part 3)

Let’s look at the final two “secrets” to a happy retirement, as was highlighted by Sidney Lagier in her recent US News’ article. The first 2 secrets were discussed in the posting here of July 25th and the next three secrets are discussed in the posting here on July 29th.� Here are the last 2 secrets. Not Addicted To Achiev...Read More

Supporting Ourselves in Retirement

I recently had the opportunity to review a report by the Employee Benefit Research Institute, which has produced its 2010 Retirement Confidence Survey. (You can read the report right here.) There are several significant, eye-opening findings in the report. For example, “most workers have little put away in savings and investments…”...Read More

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