In a recent opinion piece, the editor’s at Bloomberg expressed strong opinions about the shortcomings of America’s retirement system and what Congress needs to do fix these problems.…
Piecemeal Reform Won’t Solve the U.S. Retirement Crisis
Financial Assistance Programs for Seniors
15 million seniors aged 65+ are economically insecure – and many more worry they don’t have enough to make it through retirement. With high costs of healthcare, housing…
Reverse Mortgages Are No Longer Just for Homeowners Short on Cash
The New York Times published a positive article that highlights how reverse mortgages should no longer be characterized as a loan of last resort for house rich, cash poor…
Free legal services for seniors
Seniors have rights – and often need legal assistance, whether regarding justice, crime, guardianship, advance directives or elder abuse. If you need legal resources or pro bono assistance, MyCaringPlan.com…
How to plan for aging solo as a childless adult
First of all, aging solo doesn’t have to be lonely. In fact, studies on childless adults show they’re no more lonely or depressed than adults with children. Many…
Inflation Squeezing Older Americans
Rising prices are squeezing household budgets around the country and putting additional strain on its 56 million residents age 65 and up, many of whom rely on fixed…
Fewer hot showers, less meat: How retirees on fixed incomes are dealing with inflation
Rising prices are squeezing household budgets around the country and putting additional strain on its 56 million residents age 65 and up, many of whom rely on fixed…
Senior Scams: The Complete Guide
Scammers are constantly finding new ways to steal your money. You can protect yourself by knowing what to look out for. Contrary to popular belief, recent data from…
Five Fundamentals for Women’s Retirement Readiness
In celebration of International Women’s Day (March 8) and Women’s History Month, the Transamerica Center for Retirement Research developed a new resource, the “Five Fundamentals for Retirement Readiness,”…
Turning a Reverse Mortgage into a Retirement Investment Tool
Most people think of reverse mortgages as just a standalone loan. But some financial experts are seeing them as an investment strategy that lets people stay in their…
33% of older workers aren’t saving nearly enough for a secure retirement
Every worker should be prioritizing retirement savings to ensure they have a secure future. Investing for your later years is important because you can’t live on Social Security…
Social Security Administration changes full retirement age to 67
The Social Security Administration (SSA) says it has good and bad news for consumers to start 2022. According to Consumer Affairs, the agency announced that the full retirement…
To Get the Most From Social Security, Log On
If you haven’t yet claimed Social Security, please read this article from the New York Times that talks about several online tools (both free and for a nominal fee) that…
Encouraging Your Parents to Plan
In a column for theSteeet.com, Sandra Adams, CFP, has some useful tips for people who want to help their parents plan for a better retirement. She adds, “If…
Boomers Favor Semi-Retirement with a Flexible Work Schedule
Baby boomers nearing retirement age don’t want to kick up their feet and relax through their sunset years. Instead, most of them want to continue working, but just…
Is 4% Rule Too High? Rule Inventor Says It Should Be 4.7% Rule
Recently, the 4% retirement income rule has been questioned by some financial advisors as being too aggressive in today’s world. One retired financial advisor who disagrees is William…
Retirement Goal – Happiness
There are a lot of important factors when planning your retirement, but don’t forget the most important: your happiness. Financial planner Ashley Folkes, CFP, says careful financial planning…
10 Secrets of a Happy Retirement
Just about everyone who is still slaving away at the office shares the very same goal as those of us who have long since left the workplace: a…