“Bored Boomers” Are Beginning to Ask, “Is Today’s Retirement Model Irrelevant?”

The so-called modern view of retirement is pretty straightforward. You start your work life with a series of jobs in your late teens and early twenties. Eventually you settle into your “life’s work” and follow that journey for four decades or so, saving money along the way. Sometime in your late sixties, certainly by age…

Financial planning can help you build a nest egg.

Will Your Nest Egg Last? 40 Percent of Retirees Say They are Spending Money Faster than They Expected

If we’ve said it once here on the AgingOptions blog, we’ve said it a thousand times: having a good retirement plan isn’t the same as having a good financial plan. So as we share this just-published article from the financial website Motley Fool, we feel we should alert you ahead of time that the article,…

Live it Up for Less: Five Ways to Cut Spending and Still Enjoy a Quality Retirement

Ah, retirement! It’s just one fancy meal and exotic trip after another, right? Well…maybe for a tiny handful of the uber wealthy. For the rest of us, living in retirement means learning to compromise, improvise and economize, since there’s usually a limited amount of resources to spend on things that are purely fun. Live it…

Transamerica Survey Says Over One-Third of Seniors Report Declining Financial Health in Retirement

If retirement is on your horizon, you’ve probably been spending a lot of time wondering how well your finances will hold up once you cut the ties to full-time work. For many retirees, the financial transition to retirement turns out fine. However, that’s not always the case, according to this recent article from Motley Fool.…

Wall Street Journal Report: Boomers are Entering Retirement Less Prepared than Their Parents

For most of modern American history, it has been axiomatic that each generation would enter old age in better financial shape than their parents. Not anymore. Today’s retiring baby boomers are re-writing history, and not in a good way. The Least-Prepared Retirees in Decades “Americans are reaching retirement age in worse financial shape than the…

Retirement Risks Can Be Eliminated

Instead of a “Food Diet” in the New Year, Consider a “Financial Diet” to Boost Retirement Security, Says Kiplinger

The New Year is here, and every year it seems the top New Year’s resolution involves going on a diet. But just as many doctors recommend a “food diet,” some financial planners say people getting ready for retirement need to go on a financial diet, trimming wasteful spending in order to get themselves better prepared…

If You’re Over 70 ½, there’s a Critical Tax Deadline Looming Just Days Away – and Missing It Will Cost You Plenty

Most people with retirement savings in a tax-deferred account – typically a 401(k) or 403(b) account – know that sooner or later the IRS is going to want their tax money. That’s why the rules governing these accounts allow savers to deposit tax-deferred funds only up to a certain age, after which withdrawals have to…

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

A new study by the Society of Actuaries has shed light on a subject that should be of concern to retirees, according to this recently-published Money magazine article. While many retirees manage their day-to-day budgeting fairly well, a significant percentage are completely unprepared for financial emergencies, and when an unplanned expense comes along, they are…