Retirement Living

Of course, just about anyone can get a credit card if they have a good credit rating and are not carrying too much overall debt. Even on a fixed income retirees can qualify for a credit card, but there are some considerations unique to retirees that may not apply to the younger set. People who are living on a fixed income have to carefully consider their options, because they don’t have the advantage of increasing their income by working more hours or applying for a better paying job. Cards For Retirees Choose a credit card which fits into your current …

Can Retirees Get A Credit Card? Read More »

Many baby boomers find that their aging parents need health care assistance. Luckily, there are options to help parents grow old gracefully, either in their own home or in a facility, and several ways that you can finance the cost of their care. Healthy seniors who can look after themselves generally are eligible to enter a continuing-care retirement community that allows them to buy or rent an apartment and ensures lifetime nursing care when necessary. Another option is private long-term care insurance, which can help cover nursing home costs or the cost of an in-home aide. Maintaining Their Own Home …

Caring for Your Aging Parents Read More »

If you are part of the baby boomer generation you need to be aware of the top common health issues to watch out for. Many health issues that affect this generation are preventable and getting a health physical each year to check for early signs of common diseases should be a priority. Here is a look at some of the most common health issues you will want to be tested for. High Blood Pressure High blood pressure is something to watch out for. While anyone at any age can be affected by high blood pressure, as we age we are …

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Continued training is a major part of many professions. Doctors, attorneys, accountants, pharmacists, financial professionals, engineers, and many other careers have professional organizations or legally mandated oversight bodies to ensure that folks are hip on new development and skills. You’d hope your doctor knows the most advanced procedures or at least outmoded procedures that shouldn’t be performed. So why doesn’t this logic crossover into driving? Just as, industry standards can change necessitating updates for industry people, standards on the road can change necessitating drivers to learn the new do’s and don’ts. Below are the top 3 reasons that even if you’re …

Cruisin’ Over 55: Driving Etiquette for Older Folks Read More »

Mutual funds are a common option for diversifying portfolios. They offer low investment minimums and the option for professional management of funds. More than half of the households in the US own funds, making them one of the most popular options for investors. Mutual funds do have their limits and can be costly in overhead, which lessens the returns so investors looking for other options for their monies may want to consider ETFs. ETFs, or exchange traded fund, were started in the early 90’s and are becoming a popular resource for both Wall Street investors and the average investor. ETFs …

ETFs VS Mutual Funds-Choosing The Best Investment for Retirement Read More »

One of the things that few of us factor into our retirement planning is inflation. We estimate possible returns, and try to decide how much to side aside each month. However, with inflation a reality (and some think that it will get worse in coming years), and with talk about “chained CPI” floating around, it’s important to consider the effect that inflation could have on your retirement down the road. What is Inflation? The most basic definition of inflation is a rise in prices. Over time, prices rise. This is inflation. Alternatively, inflation is also considered the erosion of the …

Don’t Let Inflation Ruin Your Retirement Read More »

How’s your pension plan doing? Many people know they have a pension plan, but they’re not quite sure how it works, how stable it is, or exactly how their money is invested. The details are often hazy. Pension plans are also called “defined benefit” plans because they provide a predetermined, continuous income for retirement. This fixed payout is generally determined by factors such as your exit salary and your seniority or longevity at work. Government pension plans commonly require employer contributions, though union and private pension plans may not. If you do not have a pension plan: It may be …

Do You Know Where Your Pension Plan Is? Read More »

The thought of saving millions of dollars for your retirement is a daunting one, and one which not many of us would be able to achieve all on our own. Luckily there are employer programs which will contribute towards your retirement funds, as well as match your own contributions to the fund, plus you can utilize the equity you’ve worked so hard to build in your home, or through other assets. So do you really need to retire as a millionaire to sustain your lifestyle through your golden years? To determine how much you need to save for your retirement …

Do You Really Need a Million Dollars to Retire? Read More »