The Illinois Supreme Court is the latest to confirm that retirement security is an essential part of our social fabric, and one that merits constitutional protection. When people work hard and spend their entire professional lives paying into a system that guarantees them financial security in retirement, we can't pull back on that promise.
No one will hold you accountable for saving for retirement. It's something you have to do on your own. Getting out of debt may take years, but saving for retirement will take decades.
The old-age dependency ratio we rely on has a big, glaring weakness: It assumes that at age 65 everyone will become an 'old-age dependent' -- meaning retire and leave the workforce. And the reality is, that isn't the case now and certainly won't be true in the future.
Seniors who, during their work years, accumulate a nest egg that they then use to maintain their lifestyle during retirement risk running out of money if they live too long. Seniors who own homes, however, have a valuable option: They can use a reverse mortgage to reduce the risk of outliving their money.
This is the season in many people change jobs or retire. Some of those changes are governed by the academic calendar, some by the change in seasons, and some by tradition.
If you're like many baby boomers, you possess an unfailing optimism about the future, while also waxing nostalgic about the past.
If my dad or mom calls me after 11 p.m., my first thought is not emergency, but that one of them just found either Bob Dylan or Neil Young on TV. We Daleys are a proud Dylan-and-Young-loving people.
Based on measures of economics, health care and quality of life, a new WalletHub study says that Illinois is one of the worst states in the country for military retirees to live.
Renegotiating isn't easy. But the heart of the gospel is this: everyone gets to grow and change. Discerning the will of God isn't about doing whatever you want or making the other person do whatever you want. Discernment disrupts our best-laid plans.
Over our years of living abroad, we've talked to more than a few people who have a secret fear. It's a fear shared by people just beginning to think about retiring or working abroad and by folks who have already made the move. The secret fear is this ... what if I fail?
Elders around the world may be our best hope for solving the "super wicked" problem of climate change. Short-term thinking created our current climate predicament.
For many people, one of the biggest adjustments in retired life is learning how to manage their money without the regular income sources they've grown accustomed to in their working years.
Taxpayers need to understand their specific situation and seek advice from there advisors to craft the right plan. There is work involved, but it may ultimately reduce your liability which increases the amount of money you retain and utilize.
I am a grandmother. I don't just admit it, I am proud of it. My first grandchild was born when I was fifty five, which is relatively young for American professional women, but I had four children by age 30. I also run an investment firm.
I envy my mother's frankness. I still have to listen politely to people I dislike; I rarely get the option of walking away. If my son told his math teacher she was misguided, he'd get hauled to the principal's office.
It turns out that recent graduates are not the only ones being hammered by large amounts of student loan debt. More seniors than ever before are heading into retirement still paying off their student loan debt.