Managing Money in Retirement

Getting older brings many changes, including how we see things. When I was younger, I always felt a thrill when I had a new sofa – or perhaps some garden furniture – arriving. Now I think to myself, Would I rather buy something new (which may well outlive me…

When economic anxiety spikes, most people turn to the same recycled list of financial tips: build an emergency fund, live below your means, pay off debt. These aren’t bad ideas. They’re just the wrong tools for the moment you’re in. By the time a recession hits…

I am positive that you or someone you know has experienced a scam. No matter which technique was used, the resulting behavior is known as an “amygdala hijack.” The brain’s fear and threat response center, the amygdala, was triggered by criminals to elicit strong…

Does this sound like you? I like my life right where I am. I know there is a lot going on in the world. I keep abreast of it but can’t do much about it all. Inflation has sky-rocketed prices. So I’ve adjusted my spending. Geopolitical and market headlines…

Purchasing an immediate annuity is a straightforward way to turn a lump sum into a steady, guaranteed income stream that lasts for the remainder of your life. Many retirees use the savings accumulated during their working years to buy an immediate annuity because it provides…

In the United States, since the late 1990s, financial experts and educators identified a significant gap in financial knowledge among young people. An effort began to designate a special day of the year to educate youth about essential money management skills…

For many women over 60, monthly expenses aren’t just rent, electricity, and the phone bill. They might include a grandchild’s daycare, helping an adult child through a rough patch, supporting a family member’s health care and/or pet care (because let’s be…

One common misconception about savings I hear bandied around a lot is that you have to have a LOT of it to have a safe, secure future. This belief often leads to financial paralysis, where people either feel overwhelmed and don’t start saving at all, or they stash money…

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…

Jokingly, we have all heard, and then chuckled, the phrase, “Why do today what you can put off until tomorrow?” We call that procrastination. Wikipedia’s definition of procrastination is the act of unnecessarily postponing something despite knowing that there…