People pondering their retirement years often conjure images of spending more time on a favorite pastime or traveling around the country or the world. Health concerns can intrude on those … Read More→
Alcoholism and Drug Abuse
Researchers say that older Americans suffering from substance abuse often do so not because of retirement alone but because of many circumstances, such as the death of loved ones, that … Read More→
The price tag for informal caregiving of elderly people by friends and relatives in the United States comes to $522 billion a year, according to a new RAND Corporation study. … Read More→
There’s more to managing your money than the shoebox filled with crumpled receipts under your bed. According to Patrice C. Washington, Money Maven of the Steve Harvey Morning Show, organizing paperwork and keeping track of financial and legal documents is imperative to your financial well-being. “It is hard to stay on top of your finances if documents are scattered about,” Washington says. “On top of that, many women don’t know which types of documents they need or even where to start.”
Editor’s Note: As we get older, many of us think about downsizing from a house to a condo, because it’s easier to manage our lives in a simpler place. And we’d like to save as much money on home repairs as possible, because fixed incomes and Medicare don’t cover all essential expenses. Sometimes, though, the decision to buy or lease a condo isn’t as clear-cut as you’d like. Here, from a top expert, are some smart questions to ask yourself before making a move.
By. Scott A. Merritt At least 110 million consumers were affected by the hack involving Target and Neiman Marcus and at least three other retailers. Whether or not millions more will have their identities manipulated and finances ruined within the coming months due to more breaches of security at other stores is anyone’s guess.
By Judy Kirkwood For me, the sixties are more fabulous than the fifties. For one thing, beginning at age 59 1/2, as a sneak preview, you can access your IRA savings – if you have any -- with no penalty other than the regular tax (do it before and you’re hit with an additional 10 percent penalty). At age 62 you can apply to receive early Social Security benefits. At 65, we have Medicare and can perhaps drop our expensive healthcare insurance if we’ve been paying privately – depending on who is elected and what happens in Congress.