New York Times: Retirement May Actually Cost Less Per Year as Average Spending Declines Over Time

Do you have enough saved for retirement? If you ask the average senior, their answer will likely be no. A steady stream of articles, including some we’ve included here on the AgingOptions blog, contributes to the fear shared by many U.S. adults that they are in real danger of running out of money as they…

Retirement Risks Can Be Eliminated

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 reflect on all the things we should have done differently decades ago. Nowhere are those “if only” regrets more acute than in the area of finances, especially when it comes to preparing for…

Woman concerned about retirement

Widows Face Special 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…

Wall Street Journal Report: Financial Institutions are Monitoring Older Customers to Detect Cognitive Decline

If you have an older loved one in your life who is still managing his or her own finances, you’re probably on the lookout constantly for any signs that he or she is “starting to slip” – in other words, that they are suffering from cognitive impairment. If this concern is causing you stress, it…

Shrinking Inventory and Rising Mortgage Rates are Creating “a New Housing Crisis” for Boomers Looking to Downsize

As today’s boomers hit retirement, more and more are grappling with the question, “Do we downsize or do we age in place in our current home?” As this just-published Bankrate article makes clear, the choice isn’t quite that clear. “Baby boomers are struggling to downsize,” the article warns, “and it could create the next housing…

Worried About Retirement Savings? You Can Still Improve Your Financial Picture, but the Time to Act is Now

Here at the AgingOptions blog, we like to present common sense articles that answer questions most retirees are facing. In the case of this article recently published on the CNBC website, the question on the minds of many seniors is pretty straightforward: how can I make certain I don’t outlive my money? Optimistic About Retirement…

Reverse Mortgages are “Underutilized,” Forbes Magazine Reports, and They Deserve a Second Look

It’s always a puzzle to us when some people seem to have the solution to their financial problems in retirement right under their noses – yet they fail to take advantage of the situation. Whether out of fear, misinformation, or sheer inertia, they shy away from the one thing that seems perfectly suited to their…

You Want Fries with That? Seniors are Replacing Teens Behind the Fast Food Counter, Bloomberg Reports

If you were managing a fast food restaurant, you would hire the best employees you could find: people who were reliable, punctual and friendly – not to mention people willing to work for minimum wage. According to this interesting article just published by Bloomberg, a growing number of restaurant chains are finding these ideal fast…

About to Retire? Don’t Neglect Your Credit Score – it will Still Prove Helpful Even When You’re No Longer Working.

All through our adult lives we’re continually reminded of the importance of paying our bills on time. One of the chief benefits: a high credit score, the Holy Grail of good money management. With a high credit score, we’re told, credit card companies, mortgage companies and car loan companies will be tying themselves in proverbial…

Senior housing will be a problem in the future.

Considering a Reverse Mortgage? Softening Home Values and Rising Interest Rates Make This the Ideal Time to Act.

There was some bad news for home sellers, and good news for home buyers, in this article we read last week in the Seattle Times.  “As sales plunge,” read the headline, “King County home inventory has biggest jump on record.” For sellers and buyers alike, this increase in the number of homes for sale signals…