The use of beneficiary designations is one issue that is not well understood and can lead to much confusion.
Most people think it is a simple matter of naming a person to receive certain assets by will or trust or naming them as a beneficiary of a retirement plan. I only wish it were that simple!
I wasn’t old enough to rent a car, but in my early 20s a major brokerage firm recruited me to become a stockbroker. I was excited until I figured out that I’d just committed to a career of telemarketing.
Have you applied for Social Security benefits only to find that you will get less than you expected? Many government workers are shocked to learn they will get a lower payment when they retire.
With their many twists and turns, the thought of trying to figure out Social Security policies can make your head spin. Myths abound about Social Security. Unfortunately, many people believe them.
Sadly, these myths can cost you big time.
The thought of retirement can be scary. Not only are you consciously leaving behind the routine consistency you’ve had for upwards of 30 years, but you also lose some financial stability.
Saying goodbye to your income can be daunting and emotional. However, there are a few good ways to make your savings last longer in retirement. I would like to share my top six tips.
What are your biggest regrets? If you’re in your 60s, you may have regrets about your relationships. Or, perhaps you think that your choice of career was a mistake.
Well, talking with the other women in our community, I can promise you one thing – by the time you reach your 70s, one regret will drown out all others. I’m talking, of course, about how much you saved for retirement.
What do you think is the worst mistake that you can make at your retirement party? Having one too many glasses of champagne? Nope. Telling blue t-shirt Bob from accounting what you really thought of him all these years? Not even close! Having talked with hundreds of women in the Sixty and Me community, I can tell you that the worst mistake you can make at your retirement party is to tell people you are retiring.
If you have been following Sixty and Me for a while, you know that we always try to focus on the positive aspects of aging. This is because so many of the things that people consider “challenges” about getting older are actually “opportunities.”
At the same time, there is no denying that some aspects of getting older are simply horrible. For example, nothing can quite prepare you for losing the love of your life. Even if your husband is sick for a long time, it’s hard to imagine life without him… until you are forced to.
At the age of 65, Colonel Harland Sanders was facing a crisis. Like many older adults today, he was looking at an uncertain future. His restaurant had failed and he was left only with his savings and the prospect of a $105 monthly Social Security check.