Previous generations used to steer well clear of debt in retirement. Nowadays, this has become a more viable option, thanks to the benefits of employer matched contributions. The number of retirees who bring debt into their retirement is on the increase. There are several factors that are behind this, starting with the historically low interest […]
Parents are spending more than ever on their adult kids, with the total now at $500 billion a year. It’s nice to be able to do this, but we need to consider ourselves too. One of the trends that is emerging over the last few years is the amount of money that American parents spend […]
Divorce rates may be going down, but they are going up a lot among those 50 or older. This is a time in our lives where we are particularly exposed to the financial risk of divorce. We would think that couples who make it to age 50 and beyond certainly should be less prone to […]
If you pay out more than you take in, eventually your funds will run out. While governments normally don’t work that way, certain things can, including Social Security. The fact that Social Security is in serious trouble longer-term is no secret, and is in fact well known to just about everyone. We have been talking […]
There’s a lot more to retirement than just saving enough money to pay for it. When we’re almost there, it is time to really start planning for this life changing event. Retiring should be a time for celebration, where we reach the pinnacle of our working years and get ready to relax and enjoy the […]
The last quarter of 2018 has not been a kind one to retirement accounts, due to the market correction we went through. Things are starting to look up since then though. It’s earnings season, and the quarterly reports from companies whose stocks are listed on exchanges are coming in fast and furious now. A lot […]