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…

Cognitive Impairment and Financial Decision-Making: Recognizing the Warning Signs in Someone You Love

According to the Alzheimer’s Association (www.alz.org) one senior in three passes away with some form of dementia – and those numbers are increasing. So that presents a pretty strong likelihood that an aging person you love will at some point have to deal with the effects of cognitive impairment. Every month there are many articles…

Retirement Planning is a long street!

A Bed of Roses or a Briar Patch? Your Future Depends on Avoiding These Five Retirement Mistakes, Says Kiplinger

Here at AgingOptions we run across retirement-related articles all the time that are about financial planning and little else. As Rajiv Nagaich has said repeatedly, a retirement plan and a financial plan are simply not the same. Having plenty of money is no guarantee of retirement satisfaction – on the contrary, unless you plan carefully…

New Study Finds Closer Alignment Between Intentions and Reality When It Comes to Working in Retirement

Here at AgingOptions we’ve reported several times (most recently in recognition of Labor Day 2019) about the disconnect between intentions and reality as people facing retirement think about work. Many surveys have shown that men and women are generally too optimistic about their ability to keep working in retirement, or about their hopes to phase…

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,…

Labor Day Weekend Report: If Working Past Retirement Age is Part of Your Financial Strategy, You May Have to Think Again

It’s Labor Day Weekend – so what better time to focus on work, which is clearly one of the most important topics of all for aging boomers? Back when our parents retired, the pattern was fairly predictable: dad, the chief breadwinner in those days, hit the magical age of 65 and retired on a company…

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…