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…

If a Someone You Love is Into These Worthless Collectibles, You Might Have to be the Bearer of Bad News

You probably have someone in your life – or maybe it’s you! – who has a prized collection of something or other that they are convinced is worth a lot of money. This person proudly displays their horde of treasures and often quotes online prices to “prove” how smart they were to start collecting this…

Good News for Drug Costs: U.S. to Finally Allow Prescription Drugs from Canada, Reversing a Long-Standing Policy

At long last, U.S. consumers will soon be legally permitted to buy prescription drugs from Canadian pharmacies, if the Trump administration and a bi-partisan group of lawmakers have their way. Late last month, according to a recent Associated Press report, government officials announced that they plan to “create a way for Americans to legally and…

AARP Report: Older Homeowners Association Members Who Fall Behind on Dues and Fees Face Increasingly Harsh Treatment

We’re not certain where all our AgingOptions blog readers live – but those here in the Pacific Northwest know that, for the most part, the housing market remains sizzling hot. Seniors planning for retirement often think about downsizing, and for many that means moving into a low-maintenance condo or a planned senior community. Those can…

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…

Taking early social security is usually a bad idea.

Social Security Fraud Advisory: Here’s How to Stop the Bad Guys from Stealing Your Identity and Ripping You Off

Every so often here on the AgingOptions blog we remind readers of the many ways in which scammers and con artists are out to steal your identity and your money. Social Security fraud seems particularly reprehensible to us, targeting seniors who are society’s most vulnerable victims. Today we offer two articles for your consideration, one…

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…

Health insurance for a younger spouse

Syndicated Columnist Chuck Jaffe Advises Readers to Have “The Financial Talk” Now to Avoid Pain Later

If something were to happen to your spouse, would you know how to find all the important information about your financial accounts? Would all your beneficiary designations be up to date? Do you even agree on who your beneficiaries should be? If your answer is no, you’re not alone. The sad reality is that many…