It turns out that when it comes to retirement planning, baby boomers may be in worse shape than we thought. A survey from TD Ameritrade shows that a whopping 20 percent of millennials are supporting their parents, including baby boomer parents.
Since millennials don't know how much government support they will have during retirement, they need to start saving now. Here are a few good retirement savings tips: Pay off all debt first to avoid accruing interest and put money into an IRA automatically.
First comes love, then comes marriage, then comes figuring out what the hell to do about Social Security. Retirement planning can be quite complicated for anyone, but the newness of Social Security options for LGBT couples find some of us unprepared.
How do you go from being on top of the world with a multimillion dollar contract to filing for bankruptcy? By spending like it is never going to end. Former football superstars are finding that out the hard way.
The healthiest cities for retirement living are in the Pacific Northwest, Colorado and Minnesota, according to a new list that relegates all but one Sunbelt city below the top 20.
For some, retirement still evokes images of a rocking chair on the porch. Some relaxation is OK, but the rocker isn't the best long-term answer for mind or body. Today's retirees are choosing active lifestyles. Many hold part-time jobs, pursue hobbies, and fulfill long-deferred dreams.
With Americans living longer than ever and retiring at the same age as before -- or often electing to retire at an even younger age -- many people will spend a record number of years living in retirement.
It is likely that a very large share of American households will have little besides Social Security to rely on in old age, and that a significant share of seniors will forgo retirement altogether, taking us closer to the circumstances that reigned before Social Security's passage.
I've noticed a couple of recurring themes for towns and cities that people rate as good retirement choices. We know that for retirement, people love university towns and apparently, people also seem to love farmers markets.
If we had a super power such as 20/20 hindsight, would we have done things differently back in 2001 when we were preparing to leave the pastures of Nebraska for greener ones overseas?
It is not uncommon to be living on a fixed income and a set and restricting budget for many older Americans. But sometimes you may require more cash than is on-hand for one or more reasons. Here are a few examples of where a reverse mortgage might be able to help you.
First in a series. Sure, the hit HBO show Ballers on life after football -- starring none other than a super suave Dwayne 'The Rock' Johnson -- is dripping with sex, sun and swag. But the real story behind the story is about finances and the show gets it right on the money.
While many have looked at a reverse mortgage as a viable retirement vehicle for those who may need an injection of capital, it can also be just as advantageous to those who are well off, too.
It became clear to me that unless you have so little money that you will qualify for Medicaid, or so much money that you can pay the bills out of your own pocket, you should consider buying long-term care insurance.
Having relocated to a bigger house in a smaller community in 2014, I have not found it difficult to find employment. Kudos to local employers for respecting the skillset offered by a job candidate with a lengthy resume. The challenge for me has been finding a place where I fit and feel validated.
Daughter: Mother dear, I can't believe you smashed your car into a fire hydrant. At least you didn't get hurt. Mother: That fire hydrant wasn't there yesterday. Daughter: Oh, Mom, of course it was. I wonder whether you should keep driving. Mother: I'm fine, and I'm not giving up driving.