Money/Financial

The Outlook Is Bleak For Unemployed Boomers

The Outlook Is Bleak For Unemployed Boomers

In today’s article from Business Insider, author Michelle Hirsch sheds light on new statistics for unemployed Baby Boomers and the facts are dismal. Not only are older workers challenged by

 
 

Clear and Present Danger

Clear and Present Danger

Now isn’t the time for Boomers to be playing Russian Roulette with finances. Retirees depend upon interest income, along with pensions and Social Security. All three are under fire, causing some to take on riskier investments in an attempt to make up the difference between the damage caused by Fed policies pushing short and long rates down to historic lows, while encouraging inflation in food and other basic necessities, thereby constantly nibbling away at inflation adjusted incomes.

Far too many financial advisors and gurus believe today’s low interest rates are virtually guaranteed for some time as this is the Fed’s announced policy. I’ve learned over time that markets actually rule.

 
 

How Couples Can Avoid A Marital Money Meltdown

How Couples Can Avoid A Marital Money Meltdown

Set regular money meetings and then set the mood. Situations change over time and there are many topics to discuss in the area of money so it’s a good idea to get together regularly, for example, quarterly. Pick a day and time when you won’t be interrupted, and when you’re not tired or stressed. Get a sitter for the kids and turn off the phones. Have an agenda for the time allotted, and . . .

 
 

Baby Boomers Collision Course with Reality

Baby Boomers Collision Course with Reality

There’s cause to be Restless. Is having enough money to see you comfortably through retirement years increasingly weighing on your mind?

Assets like homes, condos, 401ks’, IRAs’, stocks, bonds and investment properties, coupled with pensions, healthcare, Social Security and Medicare were once thought to guarantee comfortable Boomer retirements. Unfortunately,

 
 

Medicare Wasting Billions Every Year

Medicare Wasting Billions Every Year

Improper payments – to the wrong person, in the wrong amount, or for the wrong reason — cost Medicare $48 billion last year, or nearly 10 percent of the $516 billion spent on care for seniors, according to federal estimates.