It makes sense for a credit card company to base a card holder’s financial responsibility on their ability to make payments in a timely fashion. By keeping up with payments, credit card holders were once certain to keep a good, stable credit score. With the struggling economy, however, credit...
Experts often caution retirees against overlooking the cost of health care when planning for their golden years. A recent study suggests that concern is about to become even greater.
According to the 2015 Retirement Health Care Cost Data Report, a healthy couple retiring at age 65 this year can expect...
With the baby boom generation approaching retirement, more people than ever are concerned that they will be unable to retire comfortably at age 65. A Retirement Confidence Survey (RCS), conducted by the Employee Benefits Research Institute (EBRI), reflected American workers’ dwindling hopes to retire and maintain their current standard...
If it wasn’t already clear that scammers are heartless, it becomes abundantly clear for victims of the “the grandparent scam.”
This scam usually starts with a phone call and a persuasive voice claiming to be the victim’s grandchild. In some elaborate cases, the caller will impersonate the grandchild’s attorney, allowing...
Those of us preparing for retirement may find our heads spinning with the deluge of advice received from friends, family, co-workers, and financial planners. And with millions of Baby Boomers approaching retirement age, it is important to sort through this advice and develop a solid plan to move forward. ...
November marks Long Term Care Awareness Month. Long term care insurance helps individuals cover the expenses of extended hospital stays or moving into assisted living.
With that in mind, Retirement Media Inc. identified the Top 10 Little-Known Facts About Long Term Care Insurance:
Most people associate long-term care insurance exclusively with...
A recent study conducted by Wells Fargo illustrates just how nervous—and unprepared—the everyday American is for retirement.
In the Wells Fargo Middle Class Retirement Survey, some 22 percent of middle-class Americans indicated that they would prefer to ‘die early’ over living well into retirement without the means to preserve their...
Social Security benefits are a considerable portion of any retiree’s budget. That’s why this week’s news from The Center for Retirement Research at Boston College was disconcerting—if not unexpected.
A study entitled Social Security’s Financial Outlook: The 2014 Update in Perspective was released in an August newsletter by Alicia Munnell,...
The rule of thumb holds that Americans need to maintain 70% of their pre-retirement income after they stop working. If that’s true, then the retirement crisis is even worse than we thought—and it’s worst in the Northeast, the most populous area in the country.
A recent study from Interest.com found...
