The Girl Scouts have influenced millions of girls for generations. Learn how aging in place is like being a Girl Scout. Bet you can’t guess the correlation.
financial planning
The Five Key Risks All Retirees Face
Over the next twenty years, roughly 79 million Americans will cross the threshold to retirement, joining the millions of folks that are already retired. Welcome to what we call “Generation R”. The Retirement Generation.
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 […]
Planning for the Cost of Daily Care
When you are building your own aging in place plan, consideration needs to be given to the costs for alternate care services. For the millions of baby boomers taking care of an older parent now, this information may be helpful as well. On September 30th, 2008, the MetLife Mature Market Institute(R) released the results of […]
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. […]
Retirement, Financial Planning and Where We’re Headed
In this news item courtesy of Red Orbit, Anna Rappaport, FSA, MAAA, chair of the Society of Actuaries’ Committee on Post-Retirement Needs and Risks, takes a long, hard look at the concept of retirement. Spanning more years than it has in generations before, many are opting for staggered retirements, where they leave the working world […]