Do Your Parents Have Debt Going into Retirement?
September 28, 2015
If your parents don’t have much in the way of retirement savings, there’s an excellent chance that they are carrying a significant amount of debt. Unfortunately, debt goes hand-in-hand with a lack of savings. Retirement can be the moment of truth for the debtor class, since there will be no assets to draw an income […]
Should Your Parents Work in their Retirement Years?
September 21, 2015
Working during the retirement years is not a subject that a lot of people want to consider. But if your parents will have few financial resources that will enable them to retire fully, working may be the only option. But it may not be as bad as it seems on the surface. How you present […]
Helping Your Parents Downsize in Retirement
September 15, 2015
Some people can’t wait to downsize their homes in retirement, especially if it means moving to a more pleasant location. It can be an outstanding strategy on so many fronts. But many more people resist downsizing even though it may be highly desirable or even entirely necessary. If you’d like your parents to downsize, but […]
How to Protect Your Aging Parents From Financial Scams
August 17, 2015
It’s unfortunate but true that scam artists prey on the elderly. They often do this because a) the elderly often have a significant amount of money, and b) because the elderly, especially the very old, can often be confused. For this reason, you should consider ways to protect your aging parents from financial scams. Here […]
It’s Easy to Fall Behind on Retirement Because It’s Hard to Choose a Plan
May 27, 2015
Study after study about retirement indicates that Americans are worried about their ability to live comfortably later in life. Savings statistics also indicate that we aren’t saving enough for retirement. One of the problems is that it’s easy to fall behind on retirement because it can be hard to choose the right retirement plan for […]
Why a Roth IRA is a Must Have Plan
March 23, 2015
You are probably aware of some of the virtues of a Roth IRA. But there are at least five reasons why a Roth IRA is a must-have plan. Tax Free Income in Retirement This is the most obvious benefit of a Roth IRA, and it’s repeated in virtually any discussion related to the plan. Even […]
Five Alternatives to Raiding Your Retirement Savings Early
January 26, 2015
Every year thousands of people raid their retirement savings early. It could be to get out of debt, to cover living expenses during a time of unemployment, to deal with a medical crisis, or even help a family member in trouble. While the reasons for doing so may be perfectly noble, it’s best to consider […]
How to Not Out-Live Your Retirement Savings
January 13, 2015
One of the biggest fears that many current retirees have is that they might out-live their retirement savings. That can be a particularly difficult problem, because once you’re retired there’s not much you can do about it. But if you’re planning for your retirement, there’s a lot you can do about a right now. Here are five […]
How it’s Never Too Late to Start Saving for Retirement
October 27, 2014
People who haven’t saved money for retirement often avoid even starting out of fear that their efforts now will be too little and too late to make a difference. In truth, it’s never too late to start saving for retirement. Even if the money you save will be inadequate to provide a full retirement, it still […]
Are You Spending Enough Time Planning Your Retirement?
September 8, 2014
Not too long ago, I read an article on CNN Money reporting on a survey from Charles Schwab. The results indicate that most workers spend more time researching vacations and car purchases than they do retirement. It’s true that researching the investment options for a 401(k) or other employer-sponsored plan can be a daunting task. […]