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 …
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 …
As baby boomers age, estate planning starts to become an issue. You start to really ponder about life after you are not there. Part of that process is making sure your estate is in order. Whether its passing on effectively to your heirs or donating to you favorite charitable cause. Seniors today have to contend …
Charitable Giving May Be Hazardous To Your Health Care 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 …
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 …
Cruisin’ Over 55: Driving Etiquette for Older Folks Read More »
Many people go through their earlier years in life without giving much thought to retirement and what their future might hold. But not having a financial retirement plan in place during your later years can lead to great uncertainty in your ability to live comfortably once you leave the workplace. The Insured Retirement Institute found …
Eight Tips to Start Retirement Planning in Your Later Years 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, …
ETFs VS Mutual Funds-Choosing The Best Investment for Retirement Read More »
Did 2008 make you a nervous investor? The financial fallout left many investors squeamish about the stock market and many have abandoned from investing all together. Are you one of them? Inconsistent investment can sabotage your retirement savings efforts. There’s a way to avoid that problem: a strategy called Dollar Cost Averaging (DCA). By investing equal dollar …
Dollar Cost Average Your Way to a Successful 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 …
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 …