A new survey from AARP finds that just over half of Americans in their 70s (51%) and 80s (52%) rate their financial situation today as excellent or very good. When…
AARP: Over Half of Older Americans Happy With Finances
In the age of inflation, there are steps you can take to deal with higher prices
MarketWatch interviewed several financial planners to find out what they’re recommending to their clients to lessen the impact of increasing inflation. The general consensus is that consumers should develop…
Should you use a reverse mortgage to pay for long-term care?
Someone turning 65 has nearly a 7-in-10 chance of needing long-term care in the future, says the Department of Health and Human Services, and many don’t have the…
Here’s what you need to know about reverse mortgages
With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement…
Financial challenges faced by recently widowed older adults
The Consumer Financial Protection Bureau published a data spotlight that highlights the financial challenges that recently widowed older adults face. Using data from the 2019 American Community Survey, the CFPB…
Piecemeal Reform Won’t Solve the U.S. Retirement Crisis
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.…
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…