The biggest bull market ever — yet disaster looms for millions of retirees

The coming ‘tsunami of poverty’ for retirees — and what to do about it – Marketwatch doesn’t mention that never-popular strategy of reducing your spending!  Not so easy to separate wants and needs, especially when cash flow and discretionary income is reduced.

Source: The biggest bull market ever — yet disaster looms for millions of retirees – MarketWatch

How Far Will $1 Million Go in Your Retirement, State by State?

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.

Source: How Far Will $1 Million Go in Your Retirement, State by State?

Are You Intruding If You Monitor Your Aging Parent’s Finances?

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.

Source: Are You Intruding If You Monitor Your Aging Parent’s Finances?