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...]
Investment Do’s and Don’ts to Maximize Your Retirement
As retirement grows closer and Baby Boomers begin making long-term financial plans, investment opportunities become prominent in financial discussions. With people living longer in retirement, it’s important to make investment decisions that will benefit their nest egg rather than taking from it. In order to make responsible investment decisions, there are some important do’s … [Read more...]
Do You Have a Retirement Spending Plan that Works for You?
Part of having an active “retirement spending plan” means you need the income to support it. That can mean a lot of different things depending on how you define retirement. Traditionally, retirement has meant that you work up to a point, cross a hard line in the sand, and stop working. Today’s retirees are much less likely to take this approach. Many Boomers are opting … [Read more...]
