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Managing Money in Retirement

No matter how much you have saved, managing money in retirement is critically important. Let’s talk about how to make your Social Security and pension money last longer.

Lost the Love of Your Life? What Financial Advice for Women Over 60 Can You Share?
7 months ago

Lost the Love of Your Life? What Financial Advice for Women Over 60 Can You Share?

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. Read More

Colonel Sanders Started KFC at Age 65. What’s Stopping You from Starting a Business?
7 months ago

Colonel Sanders Started KFC at Age 65. What’s Stopping You from Starting a Business?

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. Read More

How to Save Money the Fun Way… By Taking the Retirement Spending Challenge!
7 months ago

How to Save Money the Fun Way… By Taking the Retirement Spending Challenge!

Have you ever thought, “I’ve got to get my spending under control?”

That’s just what I was thinking on a Saturday morning while going over bills. Somehow I’m always surprised at how all those little purchases add up. I’m 60. You’d think I would have figured this out by now. Read More

Financially, Millennials Have More in Common with Their Grandparents Than Us!
7 months ago

Financially, Millennials Have More in Common with Their Grandparents Than Us!

Our attitudes toward the important things in life – relationships, money, and careers – are shaped by the experiences we have in our youth. The Millennial generation – our kids, in other words – are demonstrating this in their attitudes toward saving, investing and real estate.

Check out this interesting article in The Motley Fool on the financial habits of Boomers versus those of their children. It gives us a whole new take on the term “sandwich generation.” Read More

The Millionaire Grandma: 7 Limiting Beliefs that Hold Us Back Financially After 60
8 months ago

The Millionaire Grandma: 7 Limiting Beliefs that Hold Us Back Financially After 60

What does it take to be a millionaire grandma? If you said, “having a million dollars in the bank,” you’re only half right. In fact, many women who reach this financial milestone won’t be able to live the lifestyle that most of us associate with being a millionaire… but, that’s a topic for another article! Read More

Why Strong Negotiating Skills Are Essential in Retirement
8 months ago

Why Strong Negotiating Skills Are Essential in Retirement

As we start to reach retirement age, many of us are facing a harsh reality. We simply didn’t save enough for retirement.

Some of us planned to continue working into our 70s, only to be pushed out by the very companies we dedicated ourselves to for decades. Others miscalculated how much money we needed to retire comfortably. Still others lost a significant percentage of our savings in the Great Recession. Read More

Financial Advice for Widows: What to Do Before You Remarry
8 months ago

Financial Advice for Widows: What to Do Before You Remarry

I’m part of a fast-growing demographic group – women baby boomers who enter a new phase of life after the death of our husbands. It’s true that the average age a wife becomes a widow in the United States is 59.4 and 70% of all married baby boomer wives will experience widowhood. Read More

Are Your Conversations About Money Making You Unhappy?
8 months ago

Are Your Conversations About Money Making You Unhappy?

Lately I have become acutely sensitive to the amount of time we spend talking about money in our everyday life. Read More

What’s the Truth About Reverse Mortgages? We Want to Hear from You!
8 months ago

What’s the Truth About Reverse Mortgages? We Want to Hear from You!

A quick Google search shows just how polarized our opinions about reverse mortgages are. If you start to type in “Reverse Mortgages,” you will be greeted with the following auto-completion options: Read More

How I Turned a $150 Legal Advice Lemon Into $10,000 of Lemonade
8 months ago

How I Turned a $150 Legal Advice Lemon Into $10,000 of Lemonade

At a local meeting on health care financing, a lawyer neighbor of mine, “Sam,” offered a free half-hour consultation on estate planning at the large law firm on whose staff he serves.

Being hopelessly naïve, and forgetting the rule “there is no such thing as a free lunch,” I signed up, also thinking I’d be doing him a favor as he’d get a little credit from his colleagues for having gotten an enrollee. Read More