Managing Money in Retirement

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

Do you suffer from financial shame? I ask this question because financial shame is far more common than most of us would like to admit. I was shocked – and I think you will be too – when I read the article, The Secret Shame of Middle Class Americans. Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them…

Did you know that several Social Security rules are about to change? If not, you’re not alone! There’s a great deal of confusion about who is affected and what will happen.

True, the upcoming deadline affects a small percentage of people. That said, many of us are concerned they we lose benefits if we don’t take action. Let’s clarify the situation. Read More

Shopping is a necessary part of life and, by the time we turn 60, we are pretty good at it. We know what we like, what make us happy and, for the most part, we know where to go to get it! Read More

Even if we care less about “things” after turning 60, we still get the impulse to go shopping occasionally. If this sounds familiar, you’ll love Groupon!

Maybe it’s for a new dress or pair of shoes in preparation for a stylish night out on the town. Or maybe it’s treating friends to a fancy dinner so you can all catch up and swap life stories. Or maybe it’s for a day all to yourself relaxing and getting pampered at a spa.

The problem is that you want to stay frugal, too, since you have bills to pay and necessities to budget for. And it can be hard to find a business that has a deal going on right now, or at least wait until a shop nearby holds a sale. This is where the organizing and searching power of the Internet comes in handy. Read More

People reaching retirement age today are under huge financial pressure. Since, on average, we will live longer than any previous generation, our savings will need to last decades. In addition, many of us find ourselves in the position of looking after our aging parents, while living on a pension. Read More

Many women reaching their 60s today are not prepared financially for retirement. After years of hard work, building our careers and supporting our families, the idea of “retirement” seems a distant dream. Read More

One of the best ways to make your retirement savings last longer is to save money on everyday expenses. But what if you could save even more money… by getting things for free? Whether you’re a hardcore coupon collector, a natural bargain hunter, or just looking to save some extra money, here are a few ideas for things you can get for free:

As many people have found out the hard way, life after retirement is tough. For starters, most of us haven’t saved as much as we once hoped that we would.

In addition, many of us are struggling to find meaning with our family circumstances changing. Fortunately, there are several simple steps that you can take to spend less, while doing more, after retirement. Read More