“Grey Divorce”: a Rising Divorce Rate among Seniors Brings Devastating Financial and Emotional Consequences

First, let’s consider the good news. Things are looking up on the marriage front, according to multiple researchers. The divorce rate among adults in the 25-39 year old age group went down between 1990 and 2015, dropping more than 20 percent. Among adults in their 40s, the divorce rate is up slightly, but overall is…

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Troubling Study Reveals Seniors are at High Risk of Opioid Addiction

The story has been all over the news in recent months, with headline after headline declaring that America is in the midst of a severe epidemic of addiction to painkillers. “From wonder drug to abuse epidemic,” says CNN. “The worst drug crisis in American history,” says PBS’s Frontline. According to the U.S. Department of Health…

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Thinking About the Ideal Setting for Retirement? Follow These Steps

One of the most important retirement decisions – and sometimes one of the most overlooked – is the decision about where you’ll want to live as you age. Based on thousands of conversations with clients, radio listeners and seminar guests, we would observe that all too many seniors go into retirement assuming they’ll be able…

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WSJ: Reverse Mortgages Becoming “More Appealing” to Younger Retirees

When the Wall Street Journal talks, people tend to listen, and that certainly applies to a subject as frequently misunderstood as reverse mortgages. A year or so ago this article appeared in the pages of this authoritative financial paper, and we have to imagine that it caused a few skeptics to sit up and take…

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Heirs Wonder: “When My Parents Die in Debt, Am I On the Hook?”

The statistics are sobering: more and more seniors are entering retirement burdened with debt.  As a result, many of these aging Americans are literally dying broke, with little of their financial lives remaining but unpaid bills. That means a growing number of adult children are suddenly becoming heirs to an estate ladened with debt, and…

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