Life Without Retirement Savings

This Is What Life Without Retirement Savings Looks Like. Many seniors are stuck with lives of never-ending work—a fate that could befall millions in the coming decades. CORONA, Calif.—Roberta Gordon never thought she’d still be alive at age 76. She definitely didn’t think she’d still be working. But every Saturday, she goes down to the…

When It Comes to Social Security, 70 is the New 65 If you’re reading this story, you’re likely at least 50 years young. Yes, young — and I don’t mean it in the cutesy way that people sometimes talk about aging. I mean it in that living well into your 80s and beyond is no…

Rethinking The Retirement Crisis In order to solve large-scale challenges, it is important to remember that innovation—the creation of new solutions—not only involves technology. It can also come from changes in thinking, in mindset, and applying old ideas and tools anew. Especially when tackling difficult issues like the growing retirement challenges in America today, we…

All My Thoughts On Reverse Mortgages by the banker. I’m not the right age for reverse mortgages but a reader asked me for my help. Some deep-down part of me will always be a mortgage guy, so I decided to learn more about these things. The reader, named Jesse, aged 73, called to relay…

MAKING YOUR MONEY LAST Making your money last in retirement. Live Well Without Running Out of Money in Retirement. These money-generating tactics will help retirement savers enjoy their Golden Years without stressing over cash. As you near retirement, you might look back and think that saving for this next stage of life was the easy…

Baby-chaser index tracks boomers who move to be near grandchildren Where millennials lead, their parents and grandparents may follow Some grandparents are willing to uproot themselves if it means they can be closer to their grandchildren. No need to take that trip to grandma’s house — she may be coming to you. A quarter of…

Retirees and Household Debt Household debt among retired people has increased in recent years, according to data from Next Avenue. Around 60% of 65+ households carried debt in 2016, up markedly from about 42% in 1992. Credit card debt and student loans have increased as well. One of the most stressful debt type for older…

U.S. Govt- How to pay for care. Costs & How to Pay for care – Paying Privately for care – Reverse Mortgages to pay for care. I found this publication by the U.S. Department of Health and Human Services on LongTermCare.gov. To help find your path forward. The Basics Just beginning to think about long-term care? Start here; it’s…

Trying to figure out how you can pay for in home care for a loved one? You are not alone trying to find a way to keep mom or dad at home especially if they have already had a bad nursing home experience. Trying to find a way to pay to keep an elderly parent…

A Housing Crisis for Seniors Last fall, I had to take the car keys away from an elderly relative who lives alone. This intervention should have happened much earlier, but when the day came it was one of the more emotionally wrenching things I’ve ever done. “Don’t take my car away,” he pleaded. “Without my…