Parents may have numerous challenges as they shift into senior citizen years. However, a new study by the Center for Retirement Research at Boston College, determined that children can be a detriment to saving enough for retirement. Children are expensive because they require clothing, food, child care, and education. The overall family income can be… Read More »
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Financial & Estate Planning for Women More Important with Increasing Longevity
While general financial and estate planning advice is intended to apply to all investors, the truth is that women statistically live longer than men and may face unique issues such as ensuring that the assets they have set aside will continue to last them throughout their expected lifetime. This also confronts the challenges faced by… Read More »
What Do Job Satisfaction, Work-Life Balance, and Retirement Have to Do with One Another?
Anyone who is thinking ahead to retirement has probably invested a significant amount of time into their career as well as planning ahead for what their retirement will look like. Having consultations with a broad range of different professionals can help you to articulate your goals and ensure that your current plan is in line… Read More »
Older Americans Significantly Affected by Debt
Debt is a problem for people of all ages, however, a new research from the University of Michigan Retirement Research Center indicates that debt is a particular problem for baby boomers. The study has been conducted every year since 1990 and looks at the experiences of more than 20,000 Americans over age 50. Magnified Money… Read More »
Dealing with An Aging Parent Who Shows Signs of Cognitive Issues
It is very difficult to realize that your loved one may be losing his or her faculties. In fact, many children who find themselves in this situation as adults will try to do everything in their power to step in and assist with this situation as long as they can. However, after a certain point… Read More »
Planning to Phase into Retirement? New Study Says It’s Rare
Many people looking to retirement don’t want to suddenly stop working altogether either for financial or personal reasons. They instead want to phase into it by switching to part-time hours first. However, there’s a gap between what employees want and what employers expect. The Transamerica Center for Retirement Studies recently identified that 77% of employers… Read More »
Don’t Make These Retirement Planning Mistakes
Millions of baby boomers are headed into retirement and unfortunately, some may discover that they are not as prepared as they thought they were. Thinking about retirement is a great opportunity to evaluate mistakes you have made up to this point or to avoid them in practice altogether. The first and most common mistake with… Read More »
What You Should Know About Accepting an Early Retirement Offer
After you’ve been working your entire adult life, when a company presents you with an early retirement offer, it seems wise to take it. It can even be tempting if you’ve been planning to get out of the job for some time. But you should never accept an offer without first carefully reviewing your options…. Read More »
I didn’t win the $758.7 million Powerball jackpot. You can’t win ‘em all, right? At least the winner came from Massachusetts, so that’s something we can all share in. But somehow, I’d rather share in the winnings. Anyway, shortly after it was announced that someone in Massachusetts hit the jackpot, I came across an article… Read More »
Senior Driving Safety, Part II.
There is no single, comprehensive test to determine whether a senior (or anyone else for that matter) is a safe driver. However, the Massachusetts Registry of Motor Vehicles has put together the following safe driver checklist: Do you have difficulty seeing clearly in the dusk and dark? Do headlights from other vehicles obstruct your sight?… Read More »