Retirement Risks Can Be Eliminated

Millions of Future Retirees are Asking a Big Financial Question: Will Social Security Be Enough? Experts Say, “Probably Not.”

As Americans plan for retirement, one of the pillars of their financial plan is typically Social Security. Since the 1930s this program has been the social safety net ensuring that millions of retirees would not have to live in poverty but instead would have at least some level of steady income, adjusted for inflation. But…

“Father Knows Best” – or Does He? What Kind of Lessons in Money Management Did Your Dad Teach?

Happy Father’s Day, 2020, from all of us at AgingOptions. Whether your dad was present in your life or absent, and whether he was a good example or a bad one, chances are good that your father influenced the trajectory of your life in profound ways. That’s certainly true in the area of money and…

Is Your Financial Advisor Really Helping You? NerdWallet Article Says Stock Market Turmoil Can Be a Perfect Time to Find Out

We generally appreciate what Liz Weston, columnist for the NerdWallet website, has to say, and this recent article is no exception. Instead of focusing on the nuts and bolts of financial planning and investing, Weston brings up the human dimension. During tumultuous seasons in the market like the one we’ve experienced since the coronavirus pandemic…

The CARES Act Says Retirees Don’t Have to Take RMDs This Year – But What If You Already Did? You Could Get a Do-Over

We’ve been getting a lot of questions here at AgingOptions about the CARES Act and how it affects retirees. “CARES” stands for Coronavirus Aid, Relief, and Economic Security, and this new law’s impact is far-reaching and, in many cases, still being assessed. One of the well-publicized benefits of the new law for retirees is the…

Retirement Fears are Running Rampant, Said Forbes One Year Ago – but the Cure Could be as Simple as a Solid Plan

About a year ago when we first brought you this story about retirement fears, we began with the question, “What are you afraid of?” Who could have guessed that today we would be facing a worldwide pandemic that has brought the economy to its knees, decimated retirement savings, and created a level of uncertainty that…

Kiplinger Article Tells Us How Pick the Right Financial Planner – but Rajiv Nagaich Says That’s Not Enough

In selecting articles for the AgingOptions blog we often come across articles like this one from the Kiplinger financial website. In it, editor Mary Kane explains to retirees and those planning for retirement how to pick the right financial planner. As is often the case with articles like this one, Kane’s advice is fine –…

Coronavirus Relief Package Relaxes Rules Allowing Withdrawals from Your 401(k) – but Tapping These Funds May Be Unwise

There’s no doubt about it: $2 trillion is a lot of money. We’re just beginning to get a clearer picture of the details buried in the massive stimulus package passed by both houses of Congress and signed into law last week by President Trump.  The unprecedented bill, passed in record time in response to the…

We’re All Riding on a Financial Roller Coaster – So, Here’s What to Do (and Not to Do) to Survive the Trip in the Best Possible Shape

Any day now, if you haven’t already, you’ll probably be receiving your quarterly 401(k) statement in the mail or on line. It won’t be pretty reading. The stock market over recent weeks has taken the whole country on a wild roller coaster ride, and with all the turmoil it’s hard to know what the average…

Are You Financially Ready to Retire? Here are Eight Warning Signs That Might Suggest the Answer is No

You’ve dreamed about it. You’ve planned for it. But now that retirement is approaching, you might be asking yourself – “Am I ready for it?” In our research here at AgingOptions, we come across a wide range of articles on the topic of retirement readiness, most recently this one from the current edition of USNews.…

Investor’s Business Daily Says These are the Five Biggest Retirement Mistakes People Make – But We Think Something is Missing

As we at AgingOptions scan the headlines for relevant articles to bring to your attention, we run across many that have titles like, “Six Things You Must Do Before You Retire,” or “Four Things You Must Look for in a Financial Planner.” This week we came across another, on the website of Investor’s Business Daily,…