One of the reasons that people get married is so that they have someone to spend their golden years with. Seeing as life doesn’t always grant us the fairytale ending that we desire, a first attempt at marriage could end in divorce. Divorce at any stage of your life can cause a great deal of emotional and mental distress. However, there is always hope after divorce, as an … [Read more...]
5 Tips for Baby Boomers to Improve Financial Literacy
Most Baby Boomers are now at the point that they're headed into their retirement years. If that's you, you may want to work on your financial literacy and investment planning strategy to achieve your desired goals. According to a recent report from FinancialFinesse, Baby Boomers are in the strongest position financially compared to other age groups. Despite this … [Read more...]
How To Deal With Emergency Medical Expenses When You’re Older
You really can’t tell when you or a family member is going to get sick. All you can do is prepare for it as much as you can, especially financially. Having an emergency fund, after all, never hurts. Getting a health insurance plan is great as well...but what about those medical emergencies that you weren’t prepared for? What about those expenses that are not covered by your … [Read more...]
What I Regret About Divorce Now That I’m Retired
I was having lunch today with two friends. I asked them what, if anything, they would like to know more about in the area of personal finance. One of the women was quick to answer, “I would have gotten divorced sooner if I’d realized how much it cost me in my retirement plan, my investments, and my home equity. You should caution women to consider the greater … [Read more...]
What Seniors Need to Consider When Choosing Credit Cards
I interviewed Matt Schultz with Compare Cards who gave me insight into the ins and outs of choosing credit cards for Baby Boomers. As we get older, we may want to reassess the cards we have and make changes to give us better benefits. His tips were enlightening to me and I hope they will be for you. Have you changed cards lately? Baby Boomers are the age group most … [Read more...]