Many Retirees are Unprepared for Unplanned Expenses, Experts Say, and the Consequences Can Be Costly

A study published last year by the Society of Actuaries shed light on a subject that should be of concern to retirees, according to this 2018 Money magazine article. While many retirees manage their day-to-day budgeting fairly well, a significant percentage are completely unprepared for financial emergencies, and when an unplanned expense comes along, they…

Kiplinger Article Says There May Actually Be More to Retirement Planning Than Money!

Is financial planning all there is to preparing for retirement? As an AgingOptions blog reader and radio listener, you know the answer is, “Of course not.” Yet the way many people behave, you would think all you need to retire successfully is a pile of money. The truth is, we know many who have retired…

Economist Tells CNBC: “It’s Clearly a System Flaw” When So Few Americans Are Able to Save for a Secure Retirement

If you’re facing retirement without enough savings to feel secure, you’re hardly alone. Now a new report from the Economic Policy Institute confirms just how bad things are. Regardless of how old they are, few Americans are anywhere near the point of being financially prepared for retirement, and that, says the Institute, reveals some serious…

If You’re Over 70 ½, there’s a Critical Tax Deadline Looming in a Matter of Days – and Missing It Will Cost You Plenty

Most people with retirement savings in a tax-deferred account – typically a 401(k) or 403(b) account – know that sooner or later the IRS is going to want their tax money. That’s why the rules governing these accounts allow savers to deposit tax-deferred funds only up to a certain age, after which withdrawals have to…

If You Worry Too Much About Not Being Able to Afford Retirement, Maybe It’s Time for a Fresh Approach

We know from experience here at AgingOpti0ns that millions of Americans approaching retirement age are worried – about health, about family, and mostly about finances. And while we remain strong advocates of careful planning, sometimes we run across an article that reminds us that there’s a lot more to retirement than money. That was our…

Are Your Aging Parents Unprepared for Retirement? Here Are Some Steps You and Your Siblings Can Take to Help

We focus a lot of our energies here at AgingOptions in helping people prepare well in advance for retirement. Our philosophy is simple: we believe that, with a comprehensive and strategic plan in place – a plan we call a “LifePlan – just about anyone can enjoy their retirement years securely, knowing that they won’t…

Wives Facing Retirement Alone Will Experience Emotional and Financial Challenges – So Couples Need to Plan Ahead

It’s difficult for a married couple to visualize what the future will be like when one spouse has passed away. After all, today you’re both healthy and looking forward to enjoying many years of retirement together – and God willing, that’s what will happen. Nevertheless, at some point it’s a virtual certainty that one of…

You Think You Know Insurance? Local Expert Jim Feek Shows Some Surprising Ways to Use Insurance in Your Estate Planning

So, you think you know all there is to know about cash value life insurance and how it fits into your retirement plans? Prepare to be surprised, as one of America’s top insurance experts, Kirkland-based Jim Feek, joins Rajiv Nagaich from AgingOptions in the studio on October 19th.  Jim will be available to take your…

You’re Heading Toward Retirement When a Personal Financial Crisis Hits – How Do You Recover?

Any true sailor knows how a sudden change in the weather can turn a pleasure cruise into a frightening experience. In much the same way, as you’re sailing on toward retirement, you might be hit by a sudden squall – or possibly even an all-out hurricane. The personal financial crisis may come in the form…

Are You Helping Your Kids but Jeopardizing Your Future? Here’s How to Childproof Your Retirement

Which is more important – helping out your adult kids with their financial needs, or preparing to meet your own needs in retirement? Plenty of boomer parents are asking themselves that question these days. They’re struggling to bolster their own often-meager retirement savings while offering financial support to adult children who may be having difficulty…