Monitoring our 401(k) and other retirement accounts can be a stressful endeavor when the markets are unstable. While the 2008 recession did a number on people’s savings, it’s unclear what the long-term effects of economic impacts from the coronavirus threat will be. The Dow Jones Industrial Average went from around 29,000 to 18,000 in March, […]
For many, an unfortunate by-product of the holiday season is that sobering moment in mid-January when you open the credit card statement. It oftentimes reflects generous spending in December. Now, the question is: what’s the best way to get that debt paid off and out of the way? Here are five tips on paying-off that […]
“He sounded just like you, Chris.” Those words came from my embarrassed grandfather, as he finished relaying the story of how he was scammed out of $3,000 by someone over the phone several years ago. He and my grandmother were in their seventies at the time, living on their own with no cognitive issues. They […]
By Patricia Wuest Saving for retirement can be challenging and confusing, but if you develop a strategy that’s tailored to your needs and wants — even after retiring — you can ensure a financially secure retirement. After all, you want to spend this time of your life doing what you want, so it’s important to […]
How do you know whether you can afford to move into a senior living community? For some senior adults, the decision can be complicated. You have to balance the rising costs of staying home against the monthly fees in the senior living community. But for many senior adults, the positive benefits of living in a […]
Have you’ve heard the term “robo-adviser,” but don’t know what one is? This financial-planning tool first popped up among a few little-known start-ups, but today, many financial-planning companies, including Vanguard, Fidelity and Schwab, are using them. Basically, it’s computerized advice about your financial investments. A robo-adviser is a digital tool — not a real person […]
Do you have less than $10,000 in savings (not including your house or pension)? If so, you are not alone. The Employee Benefit Research Institute reports that 28 percent of Americans aged 55 and older have less than that saved. Don’t stress, though. There are ways to add to your nest egg and, in the […]
You only have to google “senior citizen scams” to find a list of fraudulent tricks dishonest scammers use to get money from older adults. It’s illegal, but these types of people are constantly coming up with new ways to take your hard-earned cash. These types of frauds can happen by phone, mail, in person, or […]