“Let’s Get Real” – Your True Cost of Health Care in Retirement May Not be Quite as Frightening as it Seems

Big numbers have a way of getting our attention, especially when those big numbers are intended to scare us. One of the “big numbers” that often scares retirees is the projected cost of medical care: usually it’s presented as a huge lump-sum dollar amount, as in, “The average retired couple will need at least $280,000…

Wish You Could Have a Financial Do-Over? USA Today Article Lists the Top Five Retirement Money Regrets

Do you have any financial regrets as you approach retirement? If we’re honest, every one of us would have to answer “yes.” We look back over debts we incurred, foolish purchases we made, investments that went sideways or money we misspent and we can’t help experiencing a little second-guessing. The good news is that we’re…

Your Actual Mileage May Vary: Government Figures Reveal What the Average Retirement Really Costs

Averages can be misleading things. If you buy a vacation home based on the “average” temperature, you might be surprised by blazing summers and frigid winters. Baseball fans who put too much stock in batting averages are disappointed when the best players strike out twice as often as they get a hit. When it comes…

Retirement Fears are Running Rampant, says Forbes – but the Cure Could be as Simple as a Solid Plan

What are you afraid of? Are there things that keep you awake nights or cause your knees to tremble just thinking about them? If you search online for most people’s Top Ten Fears, you’ll find a predictable list: public speaking, flying, snakes, heights, spiders, going to the dentist, and so on. But based on a…

Living Well While Spending Less: Five Ways to Lower the Cost of Retirement

Are you going to spend less after you retire, or will you spend more? That may seem like an odd question: conventional wisdom suggests that retirement living is almost always cheaper than pre-retirement living.  But many people find their experience defies conventional wisdom, and that suggests to us that it’s essential for most retirees to…

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Helping Your Kids Financially May Be a Good Idea – but Not at the Expense of Your Own Retirement Security

Being a generous parent is usually a good thing. After all, most of us want to help out our kids as much as we can, especially when they’re first starting out on their own. But this recent article on the Bankrate.com website pointed out a darker side of parental generosity: a significant number of parents…

If the Parents Won’t Initiate the “Retirement Conversation,” Maybe It’s Time for the Kids Turn the Tables

Here at AgingOptions we often say that aging is a family affair – another way of saying that parents need to involve their adult kids in their plans for the future. We’ve seen too many families fall apart because mom and dad never made their wishes clear. Others have faced financial pressure because the parents…

Making Friends in Retirement: The Key to Later-Life Satisfaction is Cultivating a Strong Social Network

If there were one key to a satisfying and happy retirement, what do you suppose it would be? A big bank account? A fancy condo on the beach? Great health insurance? The answer, say the experts, may surprise you: the key to happiness and satisfaction later in life is to have a healthy network of…

Yet Another Industry Report Reveals What We Already Know: Boomers are Seriously Unprepared for Retirement

The articles seem to come out with depressing regularity, revealing the sobering truth: today’s boomer generation is woefully unprepared for retirement. This time here on the AgingOptions blog, we’re bringing two such articles to your attention, both based on data from a new financial industry survey. For those of you “with ears to hear,” we…