It's not unusual for a worker to lose track of a pension benefit. Perhaps you left an employer long ago and forgot that you left behind a pension. Or maybe you worked for a company that changed owners or went belly up many years ago, and you figured the pension went with it.
While reverse mortgages can provide significant cash during retirement, they may not be the best choice for everyone. If you are thinking about a reverse mortgage, discuss your options with a neutral financial adviser. Always know all the details before making any financial decision.
In the 21st century, many seniors are not retiring from something. Instead, retirement is an opportunity for reinventing, reimagining and reconnecting to one's self, family, friends and community.
Retirees can now live so long -- and stretch their money so far -- that with the right strategies they can look forward to two or three more fun and productive phases of life after traditional retirement.
Developing a plan for the sale or transfer of the business is only part of the challenge for baby boomers who own businesses. Many owners may also need to adjust their business models in order to be able to sell or transfer ownership at all.
So let's say you've got the basics down. You've decided you're a moderately aggressive investor looking for growth, and you've researched and chosen a couple of initial investments. Are you ready to buy? Not quite.
At the tender age of 90, retired psychologist Ken Barringer has penned his very first book -- because he wanted to share everything he's learned during his almost two decades of retirement.
Learning how not to fall is important, but learning not to fear failure is equally important. Men and women over 60 need help building new careers, starting new businesses and finding new relationships. We need encouragement to pursue our passions, to reinvent ourselves.
Boomers are sending a signal to the new economy: we aren't 'moving over' to cede our careers to younger generations. Retirement at 65 is either unaffordable or irrelevant to a generation that either must keep working to survive, and/or wants to keep working to serve a meaningful and purposeful life.
Senior homeowners looking to shop the HECM reverse mortgage market for the best price, meaning the lowest interest rate and origination fee, have a major problem. Unlike the standard mortgage market where price data are available from many sources (including third party multi-lender sites), in the reverse mortgage market prices are hard to find.
Even in retirement, turkeys may be turkeys just to get what they want.
Millennials are facing more student loans than ever before. Interest rates are high. Loan principals are even higher. Even those with good jobs are struggling to pay their monthly minimums.This is bad for a lot of reasons, one of which is that people in their 20s are not investing nearly as much as they should.
Starting a new life after divorce introduces many financial challenges. Retirement may seem far away, but it should stay at the top of the list.
In our digital age, intergenerational training teams utilize older workers teaching the nuances of their craft and younger people showing how to use new tools, including social media.
Each morning I wake to a symphony of songbirds and roosters. Somehow, my wife, Nancy, usually sleeps through this, but for me it's the start of another relaxed day in retirement -- in Thailand.
I recently had the opportunity to spend some time with Jason Dorsey, chief strategy officer for The Center of Generational Kinetics. Known as the Gen Y Guy, Jason is an acclaimed keynote speaker, generational researcher and best-selling author.