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!
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.
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.
My trembling left hand held a cup of green tea as my right dipped into a box of Kleenex. I had long ago stopped wearing eye makeup (too expensive!) but if I had been wearing mascara, it would have been all over my cheeks by now.
Many people have a specific cause that pulls the strings of their heart. But can you make money while investing in such a cause? Join us in conversation with financial expert Pam Krueger who has the answers those questions. Enjoy the show!
We recently celebrated my dad’s 85th birthday, and my mom will turn 80 in January. They live in their own home and are managing their day-to-day activities and financial affairs with admirable fervor and zest.
It’s not difficult to see why reverse mortgages for seniors have become so popular of late.
For starters, most of us are approaching retirement with less money in the bank than we hoped for. This is partially due to the Great Recession eating into our savings, although, if we are honest with ourselves, we probably share part of the blame for not putting more away when we could.
More than almost any other phase in our lives, our 60s are a time of transitions. At Sixty and Me, we like to focus on the emotional aspects of life after 60 – reinvention, making friends as an adult and overcoming your fears.
I’ve been thinking about retirement a lot lately. Like many women in our community, I don’t see myself slowing down any time soon. This year, I turn 70, so, I reached retirement age quite a while ago. But, as a freelance consultant and the founder of Sixty and Me, it feels like I am working harder than ever.