As you may know, many seniors who are aging in place need more money to live comfortably through their golden years. This is especially true when faced with unforeseen expenses such as assisted living and long-term care. The urgency of finding a significant amount of money quickly exacerbates an already stressful and emotional situation. For these …
The Five Key Risks All Retirees Face
by Jeff Helms, CFA 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. In my years of retirement research, I’ve identified five common risks that all retirees face. These …
Home Sharing in Retirement
A viable option for comfortable living In 2008, the United States witnessed the largest group of individuals in history become eligible for retirement. Approximately 25 percent of those individuals will rely entirely on social security benefits for their retirement income. Additionally, this same group of people will be living below …
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 young and old have felt the pain of …
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 meet their monthly …
Downsizing Mom & Dad: Planning is Key
Moving your parents into a retirement community or assisted living facility can be difficult, heartbreaking, expensive, tiring or all of the above. Having a good plan is key. An article from Newsday.com gives a little insight into things older people need to consider for this transition. It will give those who are (or will be) taking this step …