Do you know what older adults fear most? Is it death? Nope. Getting a serious illness? Not even close. According to a survey by the financial company Allianz, baby boomers fear running out of money in retirement more than anything else.
Specifically, they found that 43% of boomers feared outliving their savings. That’s more than the percentage of people who feared cognitive decline and loneliness combined!
As we approach retirement, it’s natural to think about how we are going to support ourselves in the decades ahead. Starting a business is an option, but, most of us don’t know where to start. In addition, we are constantly exposed to images of 20-something entrepreneurs succeeding. If the media is to be believed, older entrepreneurs don’t stand a chance. Or do they?
Aging? Anti-aging? What’s your vocabulary, and what does it say about growing older?
To me, the word aging suggests we’re going in the wrong direction, and anti-aging suggests we’re fighting against it tooth and nail. Neither feels quite right to me.
If you’re like most people, you spent your 50s working hard and dreaming about all the wonderful things you’d have time for once you retired. Maybe you planned to go on a Caribbean cruise, learn to play the cello, or buy a beach house with a view and spend your days with your nose in a book.
Financial intimacy changes as we age, and I want to do it with dignity and grace! In our early years, Mark and I became financially intimate through sharing our financial history.
The days of one spouse taking charge of the family finances are long gone, right? I wish that was the case. Over the years, I’ve edited a number of books aimed at helping women master the basics of personal finance and investing.
A few years ago, I published an article entitled “60 Ways to Make Money in Retirement.” It was massive.
A mortgage can really weigh us down – or can it? As we come close to retirement, what is the best approach to take where our house is concerned? Join us in discussion with financial expert Pam Krueger who has some important tips to share. Enjoy the show!
If you listen to the media, getting ready for life after retirement is all about how much money you can stash away. So, like squirrels, we run around, burying nuts all over the garden, hoping that they will last us through the winter. Then, when we reach retirement (or semi-retirement), we realize that money isn’t everything.
No one wants to work forever. But leaving a job that provides a steady paycheck can be scary. However, if you have money arriving every month from multiple sources, retirement can seem a little less nerve-wracking.