If you adopt a marathon approach to money, it can allow you to take a more holistic look at your overall financial picture to see how decisions that you make in your 20s and 30s can impact your 40s, 50s and beyond.
Losing the ability to earn income can be pretty scary. Think about it. You've worked for decades receiving a check every two weeks, and all of a sudden it isn't there anymore! When you retire you'll have to make several shifts.
The allure of starting a business is strong. That's part of the American dream for many, especially those in their 50s and older who are looking to leave their lifelong jobs in the corporate world or retire from a small-to-midsize company. The reality is that 27 percent of start up businesses fail within the first year and are at continued risk after that first year.
In retirement, you may encounter expanding healthcare needs or even experience a life-changing disability. When trying to cover these health costs, you may realize that health insurance and Medicare fall short when it comes to providing ongoing, long-term care.
Job loyalty. It seems like a concept that is slipping quietly into the night. But perhaps the biggest contributor to job loyalty's demise is the death of the private-sector pension. It's a lesson that should give policymakers pause in the heated debate over public pension benefits.
The most important thing to remember is that flexibility means savings. If you can move your travel dates, departure times, and itinerary -- even just a little -- far more fares will be available to you, including those better suited to your budget.
The way you've handled your investments over the past 30 years is not how you should handle them for the next 30.
Rather than thinking of 75 as the time to die, let us continue to re-imagine 21st century life where 75 is a robust time of engagement and work. Perhaps for many even just the start of yet another phase of life.
Moving overseas can be the right move for a lot of us, especially those of retirement age or those with portable careers or even for families with children. If you want your kids to become true citizens of the world, there's no better way to give them some top-notch educational and cultural opportunities than by immersing them in a foreign culture.
Children and grandchildren, friends, people to see, places to go, things to do. I have NOT given up.
By 50, you may already feel like you've got it figured out. You make a good salary, you've reached many of your life goals and your kids are on their way to independence. But there are still a lot of money truths left to learn, especially as you're approaching your retirement years.
As we head into late October, we're about to "fall" into open enrollment season - when employees get a first look at what benefits they'll be offered next year and potentially have the opportunity to change their current coverage selections.
You shouldn't make any decision, particularly a financial one, without seeing the big picture. If an inheritance is in your future, it's best to know it's coming and be able to prepare for it. This might involve some awkward conversations, but it's worth knowing what might be left for you.
Financial advisors, money managers and other financial services professionals can uniformly attest to the gap that exists between what individual investors expect to live on in retirement and what they are likely to have, based on what they've accumulated to date.
Medicare recently upgraded its coverage of outpatient mental health services to help beneficiaries with depression and other needs. Here's how it works.
David wanted to spend our vacation somewhere that could provide fantastic saltwater fishing, and he hit the bull's-eye with Pedasí, Panama. Located on the Azuero Peninsula, Pedasí sits on what is known as the "tuna coast," though a more apt nickname might be "anglers' paradise."