Managing Money

There’s a particular kind of anxiety that can settle in later in life: quiet, persistent, and difficult to explain. It often sounds like this: I should be further along by now. Maybe you feel it when a friend talks about her investments over lunch. Or when someone mentions paying off their mortgage. Or when you hear about someone retiring early, downsizing comfortably…

After 32 years as an ICU nurse, Sharon faces a critical decision about early retirement and healthcare coverage. Sharon has been an ICU and step-down nurse for 32 years at a regional hospital in Raleigh, North Carolina. She’s 60, makes $78,000 a year, and she is tired. Like, genuinely running-on-fumes tired…

The Pensions and Lifetime Savings Association (PLSA) estimates that a “comfortable” retirement in the United Kingdom now costs £45,400 (US$60,000) a year for a single person and £62,700 (US$83,000) for a couple. For many people approaching retirement, those figures are sobering…

For many women, saying “no” to a financial request doesn’t feel like making a money decision. It feels like making a relationship decision. That’s part of what makes financial boundaries so difficult, especially with family. It’s rarely just about the money. It’s about love, loyalty, guilt, and the quiet fear…

For many, summer is when families come together. We check the more obvious things: flights, medications, hotel reservations, and maybe passports if it’s an international trip. But families often overlook another kind of preparedness. If something unplanned happens while traveling…

I am resurrecting a sign and a theme that I came upon vacationing in rural Wisconsin several years ago that is still timely to this day. My husband and I drove by a “Man Sale, ½ Price” sign one June day and out of curiosity turned around to follow the sign and see what it was about. I guessed right, it was a tool sale. And just like many sales, the last day is discounted…

A woman once told me something that has stayed with me ever since. She said: “I know I’m okay on paper. I just don’t always feel okay.” At first, I thought she was describing a financial problem. But she wasn’t. She had retirement savings. She owned her home. She had Social Security income and no major debt. By most measures, she was financially secure…

My friend Carol was 68 when her husband Jim died of a sudden heart attack. Jim had paid every bill, managed every investment, and met with their financial advisor solo for decades. Within a week, Carol realized she didn’t even know their advisor’s name. She couldn’t get into their online…

Have you started a small business, side income, or personal project after 60? What skills from your life could help someone else today? If you wanted to earn extra money now, what would be the easiest first step for you? Many people over 60 would like to earn extra…

A woman once shared something with me that I suspect many retirees have thought but rarely say out loud. She leaned in and whispered: “What if I run out?” At first glance, her concern didn’t seem unusual. Many people worry about money in retirement. But as we talked, a different picture emerged. She had no debt. She owned her home…