Managing Money in Retirement

For the last few years, it felt like someone was always talking about Roth conversions. Whether it was finance shows on TV, newsletters, or seminars, this message was a constant: “Convert now while tax rates are low. Time is running out!” This was likely motivated by the Tax Cuts…

My aging parents are both over 80. They live in their own home and are managing their day-to-day activities and financial affairs with admirable fervor and zest. I see them every few months, and we talk regularly on the phone. They acknowledge…

Being a family caregiver doesn’t only impact you physically, mentally, and emotionally – it can also hurt you financially. It is not uncommon for family caregivers to utilize their financial resources to care for their loved ones…

In a previous blog, I shared a three-question financial literacy assessment that is used widely in the United States and in many other countries as well. It was developed over 20 years ago by two college professors, Lusardi and Mitchell. The questions cover the concepts of compound interest…

When women tell me they’re “not good with money,” they don’t say it lightly. They say it with the weight of decades behind it, stories of financial ups and downs, cultural messages about what women “should” be like, and shame that has quietly taken root over time….

Seniors planning to use ACA (Affordable Care Act) marketplace health insurance in 2026 need to prepare for likely large increases in costs. Of course, nothing is set in stone just yet, but it’s wise to have a few things in mind. In a previous article we explained how seven provisions…

What thought immediately comes to your mind when you read this question? Maybe it’s – “Are you kidding, I don’t have a clue!” Maybe it’s – “My plan may need some tweaks, but I am confident I’ll be fine.” Perhaps you are one of those people who believe in living day to day…

Women in their 60s are increasingly questioning if it makes sense to continue working. For a variety of reasons, including an increased focus on what’s most important in life, work is sliding down the list of priorities. With the help from stock…

Most of us know what it feels like to regret a purchase. Maybe you’ve bought something you didn’t need, given too much to a loved one, or carried debt longer than you expected. But there’s a heavier burden that lingers long after the money is gone: money shame…

I just read two interesting articles about spending habits. One focused on boomers and the other discussed the differences in spending habits of boomers, Gen X, Millennials, and Gen Z. The latter article was based on data from Bank of America…