Managing Money

The convention wisdom is that starting your own business as an older adult is next to impossible. If you ask the average person why it is hard to start a business after 50, they will give you a litany of reasons, most of which will be based on tired aging stereotypes. Here are a few examples: Read More

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

As we reach our 60s, many of us are looking for creative ways to make money in retirement. Some of us are looking to earn some extra cash for luxuries, like travel and entertainment. Others are focused simply on surviving in a low interest rate environment in which it feels like we are paying the bank to hold our money. Read More

By the time you reach your 60s, you’ve almost certainly made your share of financial mistakes. Even if you are one of the lucky few who managed to save consistently for retirement, you probably look back on your life and wish that someone had taught you more about money as a kid. I know I do! Read More

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…

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

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

Are reverse mortgages simply a way for greedy lenders to take the homes of unsuspecting seniors? Or are they a legitimate tool that can help people our age to stay in their homes, while having a better quality of life in retirement? These are the questions that ran through my head as I watched the new American Advisors Group (AAG) commercial, featuring Tom Selleck. Read More

It’s interesting to note how governments are universally at pains to promote the employment of the over 50’s. They aim to keep them working as long as possible. Is this to prevent governments having to pay pensions? Or are they beginning to understand that people over 50, are no longer old?

It’s no secret that baby boomers are one of the most powerful consumer groups in the world. As a result, marketers are constantly looking for ways to sell to us. Right about now, I can probably hear you saying, “Who cares?” As Seth Godin’s book says, “All Marketers Are Liars.” Why should we care if they know how to market to us? Read More