Following up on a previous senior bankruptcy news item, we’ve found some additional (and helpful) more information about the state of older Americans and bankruptcy from the AARP. Many Americans are feeling the crunch with the slow down in the economy and increased costs. Americans age 55+ have experienced the sharpest percentage increase in bankruptcy […]
finances
Saving Money in Our Current Economy
Many baby boomers and seniors are cutting back in order to make ends meet during these lean times we seem to be in. We all want to be able to make the most of our money, but we encourage you to take a good look at where you are spending your income so you can […]
Will 401K’s still work?
After the recent turbulence in the financial markets experts are questioning the impact to our 401K’s. Back in the 1980’s, the majority of workers enrolled in some type of retirement plan or were in a pension plan. Today, the majority are in a 401K. With the 401K’s being so tied to the stock market, Americans […]
Saving More Important Than Ever
A study by the AARP released last week reveals the impact this economy is having on Baby Boomers. A high percentage of individuals have changed the way they invest their money because of these turbulent economic times. Many are dipping into their retirement accounts or have stopped depositing money in their IRA in order to […]
Money Saving Tips for Seniors Part II
With the rise in gas prices and consumer goods many people are looking to squeeze every ounce of buying power they can from their money. Here are a few more tips on how you can save money. Saving a little here and there can really add up. Make your home more energy efficient: Most public […]
Let’s Talk Retirement Plans
As a Boomer, you’ve spent many years working hard to improve yourself and your lifestyle. But, how financially prepared are you for retirement? The answers to this question will range from, “very prepared” to, “I’m never going to make it.” If you are still in the workforce, even part-time, knowing your retirement plan intimately can […]
Rising Living Costs to Blame for Increased Senior Bankruptcy Filings
Rough economic conditions are hitting older Americans hard. Rising medical care and consumer goods being the worst. Many older people are taking on debt to pay for medical care. According to one study by the Harvard Law School, bankruptcy filings for seniors showed an increase from 8% in 1991 to 22% in 2007. In a […]
Baby Boomers Not Financially Prepared for Disability
In a series of surveys conducted by Harris Interactive for the America’s Health Insurance Plans, Baby Boomers were questioned about their opinions, perceptions and preparedness about disability coverage and how they might be impacted financially were they struck with a debilitating disease or injury that kept them from working.The results were a little astounding, actually. […]