Swelling numbers of Americans these days are working in retirement, taking part-time jobs and launching businesses. And retirees are increasingly staying in their homes rather than moving to retirement communities. They’re also, however, breaking the m… Continue reading
Several months ago, a friend and I were discussing a mutual acquaintance from college. The woman had divorced her husband after 15 years of marriage and he was arrested for securities fraud shortly after. He subsequently went to prison. Our classmate c… Continue reading
(For this analysis of the first national debates with Democrats running for president in 2020, the public media websites of Next Avenue and Rewire joined forces. Next Avenue’s audience is older Americans and Rewire’s is younger Americans. So, as editor… Continue reading
When my oldest daughter graduated from college, I was amazed to discover that she had never taken an economics or finance class. Her education helped her secure a prestigious job doing medical research, yet she had no clue how to budget, do her taxes, … Continue reading
I handled all the household finances and bills throughout my 32-year-marriage to my husband, Dale. But when he suddenly died of a massive heart attack at 57 last year, I was so traumatized by the loss, I couldn’t think clearly about managing his life i… Continue reading
Boomer and Gen X parents sometimes fret about all they’re still doing to provide financial support to their grown children. But how do the millennial and Gen Z kids feel about getting that support? Merrill Lynch and the research firm Age Wave just aske… Continue reading
(The following excerpt is from Retirement Game-Changers: Strategies for a Healthy, Financially Secure, and Fulfilling Long Life, by Steve Vernon. Published by Rest-of-Life Communications. Copyright © 2018. All rights reserved. The book is available at … Continue reading
The reverse mortgage market has been in a state of flux ever since the U.S. government in 2017 reduced the amount borrowers age 62 and older can draw from their home equity for its Home Equity Conversion Mortgage (HECM) and raised that loan’s premiums…. Continue reading
You’re probably well aware that your credit score can have a big influence on your financial well-being, determining whether you’ll qualify for a loan or credit card and the interest rate you’ll pay. Now, two new types of credit scores — UltraFICO from… Continue reading
After they retired, every November, my parents drove from Cleveland to St. Petersburg, Fla., a 1,100-mile trip down I-71 and I-75, popular corridors for wintering snowbirds heading south. Once, early in the morning, they pulled into a fast-food restaur… Continue reading