Retirement is all about enjoying your much deserved relaxation, spending time with friends and family, and being vigilant about elder financial abuse like fraud and scams … Huh? If that last one sounds unlikely to you, you’re not alone. Millions of older Americans, particularly retirees, who have large savings amassed after years of hard work …
Are Retirees In Denial About Risks From Financial Fraud? Read More »
You worked for 30 or 40 years and are at or approaching Social Security eligibility. Now you are looking at when to take Social Security to help maximize your benefits. What’s next? You look at your retirement account statements and begin to wonder whether the investments you have are the right ones for where you …
Getting an inheritance may sound like the easiest way to come into money. But inheriting an individual retirement account (IRA) isn’t as simple as just being handed a check. If you’re named a beneficiary – someone designated to receive all or part of an estate – and you inherit an IRA, there are rules you …
Your parents need your help right now, and so do your adult kids. What about saving for your own retirement? If you’re stressed and stretched, it’s time to prioritize. The sandwich generation is defined as those who are caught in the middle of both parents and children who rely on them for financial, physical, and …
Sandwich Generation: How Do You Decide Whose Needs Come First? Read More »
It’s getting close, very close! For most of your adult life, you’ve planned for retirement and now that you’re in your 60s, it’s very close indeed. Are you getting ready? Will your transition be as smooth as possible? Will you start this new chapter in your life with a sense of optimism? Like many people, …
The cost of living rises every year, which makes paying for basic expenses more difficult. Long-term-care (LTC) premiums are increasing, too. The increase in premiums can harm an individual’s quality of life and continued access to quality care. According to the U.S. Department of Health and Human Services, someone turning 65 today has nearly a …
How To Handle An Increase In Your Long-Term-Care Premiums Read More »
As retirement approaches and you decide whether to take pension payments or a lump sum, the very important question to ask is this: How safe is my company’s pension plan? The first corporate pension dates back to 1875, when the American Express Company began providing workers half their annual salary in retirement once they reached …
Households in which both partners are working full-time often fall into a rhythm organized around work schedules. You wake at certain times, eat at certain times and work – in or outside the home – at certain times. This routine ensures that all of the tasks that need to happen in your work get done …
Keeping Harmony When Your Spouse Retires Before You Read More »
The events in the past two years have magnified the fact that employment is in a state of flux. In 2020, millions of Americans lost their jobs, were furloughed or took early retirement. Millions more were forced to work from home, and it remains to be seen how office life will return. Other workers joined …
Even before Russia’s invasion of Ukraine on February 24, the financial markets were volatile. They were also poised to remain volatile all year thanks to inflation and the Federal Reserve’s plan to combat it by steadily raising short-term interest rates. Naturally, no one can predict how much added volatility the crisis in Ukraine will create. …
What the Russia-Ukraine Crisis May Mean for Investors Read More »
