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…

The Economy May Be Doing Okay, but Financial Pain Still Affects Many Americans, Especially Retirees

If you tried to evaluate how well the economy is doing simply by looking at the Dow Jones or the overall employment rate, you might conclude that everyone is happy and secure here in the USA. But if you consider individual households, the picture is considerably less clear, according to financial writer Richard Eisenberg. We…

Retiring with Debt? Consider These Three Ways to Make Your Debt Load More Manageable

Most people approaching retirement age probably dream about retiring debt-free. Entering retirement without the burden of debt is certainly the ideal – but if you think it’s the norm, think again. The reality is, about seven out of ten households headed by those in the 65-74 age group are carrying at least some debt load,…

Why Would a Financial Planner Hire a Financial Planner? Forbes Article Lists Four Good Reasons

Here at AgingOptions we’ve spoken and written frequently about the pros and cons of hiring a financial planner. As you know if you’ve heard us discussing this topic, we strongly recommend that people use an objective financial pro (not someone with a product to sell) to help them prepare a financial dashboard, something we’ll say…

Less Money on Health Care, More on Housing: New Survey Shows Pre-Retirees are Pretty Poor at Predicting Retirement Spending

Anyone who has spent time planning for retirement has likely tried to predict how much money they’re actually going to be spending once they stop full time work. Making a realistic retirement budget is a critical part of financial preparedness. Now, however, a new study is revealing that workers approaching retirement age are pretty far…

Retirees Describe Their Biggest Financial Regrets. Will We Learn from Their Mistakes?

“If I only knew then what I know now!” Many of us have uttered those words time and time again when we consider the choices we should have made decades ago. Nowhere are those “if only” regrets more acute than in the area of finances, especially when it comes to preparing for retirement. If we…

Many Retirees are Unprepared for an Emergency Expense, Experts Say, and the Consequences Can Be Costly

Late last year we reported on a study by the Society of Actuaries that should cause concern for retirees.  As this Money magazine article reported at the time, retirees are woefully unprepared for common financial emergencies. While many manage their day-to-day budgeting fairly well, a significant percentage are completely unready for a financial crisis, and…

Retirement Risks Can Be Eliminated

Worried About How to Make Your Money Last in Retirement? Here are Seven Ways to Help Make Sure It Does

Among all the thousands of people we talk with in our office, in our seminars, and on the radio, the single biggest fear most retirees have can be boiled down to one simple question: will I have enough money to live a decently comfortable life? There’s no shortage of articles filled with advice on how…

A Six-Figure Mistake: New Study Shows Taking Social Security Too Early Costs the Average American Over $100,000

Here at the AgingOptions blog we read a lot of articles about Social Security, including an endless parade of recommendations concerning the best way to maximize benefits. Just last week we posted this article about the five Social Security myths that can cost you plenty. But over the past few days we’ve seen a barrage…