Kiplinger: Here Are Some Ways Retirees Can Find Common Ground When One Spouse Spends Too Much
Marriage counselors often say that the things that cause the most stress for young marrieds are sex, money, and the in-laws. But as time goes by, and especially when retirement looms, money problems tend to jump into the top spot in the marital strife department. It’s one...
Kaiser Report: Price Tag for Controversial Alzheimer’s Drug Could Hit $56 Billion Per Year – Are There Better Uses for Those Dollars?
The story was all over the news last month as the Food and Drug Administration gave its approval to a controversial new Alzheimer’s drug to be marketed under the brand name Aduhelm. Almost immediately a backlash arose over the fact that the drug doesn’t seem to cause a...
Some Good Budgeting News: After Eliminating These Expenses, Your Spending in Retirement Might Actually be Less Than You Think
Will you spend more in retirement, or less? While some retirees do go a little crazy in the first few years of retirement with travel and other luxuries, once things settle down most people find to their surprise that they’re spending considerably less than before. ...
These Three “Money Traps” Can Catch You by Surprise in Retirement – and Could Even Drain Your Savings
We’ve read an untold number of articles warning retirees about the financial pressures they’ll be facing as they grow older. We’ve read endless alerts about the perils of inflation. We’ve seen dozens of articles explaining how many hundreds of thousands of dollars the...
Kiplinger Report: With Low Interest Rates, Inflation Risk, and Market Volatility, Today’s Retirees are Facing “a Perfect Storm”
Back when many of our parents and grandparents retired, depending on the type of work they did, the odds were good that they retired with a company pension. Research into the history of pensions shows that, in 1950, one-quarter of the private sector workforce had access to...
Kaiser Health News Report: Is a Loved One Having Trouble Managing Their Money? It Could Be an Early Sign of Dementia
There are many signs that make us fear that we’re “starting to slip” in the brainpower department. We walk into a room and forget what we came there for. We see an old friend in the grocery store and can’t recall her name. We forget where we put the car keys or the reading...
Getting Out of Debt is a Worthwhile Goal, Yet Survey Finds Almost Half of Americans Expect to Retire Owing Money
“Getting debt-free” has become a common financial mantra. As the years go by and we age toward eventual retirement, the common wisdom has traditionally suggested that we will pay off more and more debt, then step blissfully into our retirement years financially free and...
The Holidays Offer a Good Chance to Talk with Parents About Finances – but Handle the Subject with Care and Empathy
For many families, the weeks between Thanksgiving and New Year’s Day will be different this year than last. One year ago, millions of families skipped holiday celebrations entirely due to COVID-related fears and travel restrictions. Yet in spite of the persistence and...
Kiplinger: Paying for Long-Term Care from Your 401(k) Could Put You in Danger of a Major Tax Bite
If you’re like most retirees, a significant portion of your retirement savings is in pre-tax accounts such as a 401(k), 403(b) or IRA. And like most retirees you’re probably concerned about how best to cover any future long-term care costs that might arise. According to this...
Article Promises “Seven Steps to Retirement Security” – But, We Ask, is it Really Just About Money?
Are you interested in a more secure retirement? Who wouldn’t be? These days, when so many things are uncertain, retirement security would seem to be a goal anyone can embrace. But after reading this just-published article from the USNews website, we at AgingOptions are...
