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Boomers were the first to struggle en masse with both the financial needs of kids in college and retired parents outliving their nest egg. Now, the kids may be out of college—but moved back home. Meanwhile, mom or dad has not only run short on cash—but needs a daily caregiver too.
Boomers have got the message: For most people, it makes sense to delay Social Security benefits to age 70 if possible. More made the choice to delay in 2011 than at any time since 1976. Here’s how you can afford to wait too.
One of the biggest flaws in most people’s retirement plan is something that previous generations rarely worried about: monthly income guaranteed for life. But the fix is in, and before long your 401(k) may look a lot more like your dad’s pension.
The Consumer Financial Protection Bureau is testing a new website that it hopes will answer all your money questions in the near future. Here’s your chance to let them know what you need most.
To save on costs, last year the government stopped mailing future Social Security benefits estimates to workers each year. Now that information is online. It’s a good starting place when planning your retirement.
The decline of traditional pensions and steady erosion of Social Security benefits has begun to leave most retirees without a source of guaranteed lifetime income. Plugging that hole is emerging as the most important retirement issue of our day.
We spend most of our working years accumulating savings for retirement and after that spending them carefully so they last. We need to spend a little more time managing the transition. Here’s how.
For years we’ve been hearing about the advantages of retiring abroad: low taxes, low cost of living, great climate and exciting cultural attractions. It’s all true in certain countries. Yet there hasn’t exactly been a mass exodus of retirees from the U.S.
Global aging threatens to lay waste to your retirement plan. Here’s why you need to stay healthy and write your congressman.
Here are six low-tech healthcare services readily available to seniors and which will vastly improve their quality of life, according to the Hartford Foundation. Did you know that Medicare pays the full cost of one wellness checkup each year?
It’s never too late to start planning your retirement security. Here’s a one-size-fits-all strategy that will help secure an adequate stream of income in your later years.
