Losing a job is never easy, but when it happens later in life, the challenges can feel even more daunting. Many people in their fifties are juggling significant financial responsibilities, such as mortgages, supporting children through college, or assisting aging relatives. When people are laid off, it can be difficult to find a new job […]
Late-Career Job Losses Are Affecting Retirement in America Read More »
We wanted to bring to your attention the recent increase in social media scams designed to entice you into fraudulent financial activities. We have probably all received the very real-looking – but fraudulent – emails that seem to come from PayPal, Amazon, Best Buy, and McAfee, which ask for us to contact them or to
The majority of Americans interviewed said their biggest fear was not death, but running out of money in retirement. This is the conclusion of a recent study by Allianz Life, which discovered that people approaching or already in retirement are deeply concerned about economic uncertainty. According to the survey, 64% of participants are more afraid
Many Americans Are More Afraid of Running Out of Money in Retirement Than Death Read More »
Nearing retirement can be a stressful time as we shift from working to provide an income, to needing our money to work at providing that dependable income. Many people underestimate the financial stress of this major shift and seek ways to lessen it. We may have some suggestions to do that. In addition to products
The 2025 Annual Retirement Study from the Allianz Center for the Future of Retirement revealed that nearly two-thirds of Americans worry more about running out of money than about death. Many factors and economic pressures contribute to this fear of running out of money. Most cited either high inflation, social security not providing as much
Which are you more worried about? Read More »
According to a new Gallup survey, which interviewed 1,018 adults across America, the average reported retirement age has increased from age 57, where it was in 1991, to age 66. This trend of working longer and retiring later was attributed to an increased full retirement age for Social Security, a longer average life expectancy, and
Working Longer, Retiring Later Read More »
As people age, they often share similar goals. They want to remain in their own homes for as long as possible, to maintain independence, and to rely on family and friends for assistance only when absolutely necessary. The concept of remaining in one’s own home throughout the aging process is known as aging in place.
Should You Move When You Retire or “Age in Place?” Read More »
While there is no way of predicting how things will play out in the financial markets in the coming months, allowing yourself to become distracted and unsettled by volatility will likely lead to rash decisions that can disrupt your well thought out long-term plans. Instead, stay focused on what you can control. This means sticking
We all want to eventually retire, and a dream for many would be to retire rich. Choosing when is the best time to retire is one of life’s big decisions, and one that requires thought before taking the plunge. While financial markets should never be the main driver behind this decision, they inevitably can have
When is the Best Time? Read More »
Although the age to claim Medicare is 65, many senior benefits and discounts begin much earlier. When you turn 50, you can join AARP or AMAC and start taking advantage of senior discounts right away. Other discounts have minimum age requirements, which vary by employer or location and can range from 50 to 65 years.
Senior Discounts in 2025 Read More »