Boomers with the assets and support to retire comfortably represent a smaller and smaller segment of the aging population in our country. Hammered by the Great Recession, reduced pension plans, rising healthcare costs, corporate downsizing, as well as by ageism and reduced opportunities for employment, boomers are going to be increasingly squeezed financially.
Self-directed Individual Retirement Account custodians and investment crowdfunding platforms are both proliferating rapidly. There is good reason: these custodians and platforms empower investors with direct control over where their money is invested.
If you thought that the Affordable Care Act, aka Obamacare, completely solved the health insurance problem for the United States, then you will probably be happy with some of the types of reforms that are being crafted to address the retirement crisis.
The term "ageism" is an abstraction. It strains to capture a varied and complex phenomenon. As used here, ageism comprises systematic neglect, segregation, isolation, and bigotry. Like other prejudices, it works by constructing artificial barriers.
Looking on the bright side may help improve your social life, health and career. Unfortunately, your optimism may also hide risks to your finances.
We all hope to retire someday -- the freedom to do more of what we want to do and less of what we have to do. But that kind of freedom comes with a price, right? Won't you need millions in assets and a six-figure annual income? Nope. You'll probably need a lot less in assets and income than you think.
Just because boomers are getting older doesn't mean they are leaving the scene. They are not going to be the generation that retires quietly to old age ghettos (aka 'retirement communities'). In fact, savvy businesses are recognizing that boomers are a force to be reckoned with.
Life expectancy in the United States has increased in the last century by nearly 30 years and continues to grow each year. One of the consequences of this transformation is that older workers are available to remain in the workforce longer.
How do we decide what percentage of our income to earmark for retirement? Undoubtedly we think about the bills we have to pay and the medical expenses we might incur. This is a solid start -- but how many of us are thinking about the lifestyle we hope to have and the unpredictable realities that we may face during our retirement?
March Madness is upon us, and while college basketball fans across the country are busy trying to avoid any bracket busters, this is the time to focus on your tax bracket as well.
For years, financial wolves have been cloaked in trusted adviser clothing - masking their real status as self-interested brokers who don't have your best interest in mind.
Are you rich? Pause for a moment and really consider the question. Does it make you feel uncomfortable to consider yourself rich? No matter how much money we have, most of us avoid classifying ourselves as rich.
Financial Planning is not a one-time set it and forget it event, it's a process that must be reviewed for changes over time and adjusted.
If you've been abroad for any length of time, you automatically become an information resource for later arrivals. And you end up saying the same things over and over and over.
We consider ourselves extremely lucky that we are both interested in managing our finances without an expensive adviser and wonder why so many people whether single or attached don't. With many couples it is usually one who is trying to get his or her spouse interested, or the differences are similar to ours, one is overly aggressive and the other is overly conservative.
The question is, if Americans are so diligent at doing their research, crunching the numbers and making decisions for their tourney brackets, why don't they put in that kind of effort for retirement planning? After all, the stakes are much higher.