(This article is an updated version of a 2018 Next Avenue story.) Here are two safe forecasts, the kind you can count on. First, the U.S. economy will sink into a recession. Second, no one knows when the recession will arrive. Taken altogether, these t… Continue reading
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
“Holy Mackerel,” my dad would have said, when the Dow plunged 767 points Monday, August 5. That stunning fall felt like the mad whoosh down the Kingda Ka roller coaster at Six Flags Great Adventure in New Jersey, the fastest in North America. Monday wa… Continue reading
Our ability to avoid outliving our money is, in large part, due to our expenses in retirement. Turns out, a new study reveals, we’re pretty lousy at predicting how much we’ll actually spend on housing and health care when we retire. And another study s… Continue reading
In May, 2019, Joan and Steve Reid, both 67, retired and moved from the affluent New York City suburb of Pearl River, N.Y., to the oceanfront community of Vero Beach, Fla. Their aim: retiring on a shoestring. It’s a goal many new retirees share, but one… Continue reading
Dire jeremiads about America’s looming retirement crisis are so common that it seems retirementcrisis is one word. The doom-and-gloom narrative goes something like this: Spendthrift Americans aren’t saving enough, so their living standards will plunge … 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
If you’re passionate about helping children, there are many opportunities to do it in retirement. Spending time around young people can also make you feel younger and purpose-driven. Take a look at how the three people below are getting creative and cr… Continue reading
Women in their 50s who are at the most financial risk in retirement are those who are married and in two-income households. That’s the surprising news from a recent report on women and retirement from Prudential Financial. The finding is based on rese… Continue reading
It’s no secret that many boomers are struggling to save for retirement. The standard advice from financial experts is to keep working as long as possible and drastically cut back on your lifestyle. We think there’s an overlooked solution worth conside… Continue reading