As it is now, most people providing financial advice are not always required to do what’s best for you and your financial future.
“Are Americans still anxious about their financial future even after eight years of a growing economy? Their hesitation to spend on certain “extras” such as going out to eat, visiting Disney World or buying a club membership suggests lingering unease.” Personally, I agree that some of us have become more conservative with our spending.
Are you considering a second-act business when you leave your career job? Look no further than your own age group for customers.
This is a “must read” – Sobering data on usage, cost, insurance products, and the toll on unpaid caregivers. Author Christine Benz is Morningstar’s director of personal finance, a very credible source.
A million dollars—it has a nice ring to it. But as Dr. Evil learned after spending 30 years cryogenically preserved, it may not be enough—for many people, certainly not enough to comfortably retire on, depending on where and how long they live.
For those of us living in California, not great news! Some solutions are to continue working longer, watch your spending, or relocate to a state with a lower cost of living.
Good advice – don’t wait for a crisis…if there are warning signs of cognitive decline, now is the time to provide or seek support.
No matter how accomplished and experienced your aging parent may be, he or she is still susceptible to cognitive decline with age. Monitoring your aging loved one’s finances can prevent losses, protect your inheritance and keep elders from becoming overwhelmed with management responsibilities.
Sorry, I don’t offer cleaning or taxi services, but I can help you with your paperwork and your bookkeeping!
Yes, you can buy happiness, especially if the money saves you time.
Prince Charming has left the building ladies…those fairy tales we grew up with convincing us that we’d be taken care of by men were fiction! Many of us are on our own. We can improve our financial and investing skills at any age – life is for learning!
Only 18 percent of older women can pass a retirement literacy quiz, but that doesn’t necessarily indicate that women aren’t financially savvy.
Daily Money Management can include troubleshooting for these and other financial related matters. Please consider asking for help (or advising a friend or relative to ask for help) if needed.
An analysis of consumer complaints filed by people 62 and older shows that many seniors are struggling with debt, reverse mortgages and other aspects of their finances.
More on the “f” word – frugal!
Wounds from the Great Recession haven’t fully healed, making it much harder to get ready financially