Author- Sandra Cleveland
You may have read that women are far more likely to face poverty in retirement than their male counterparts—but you may not realize just how big the disparity is. In fact, women are 80% more likely to fall into poverty toward the end of their lives, compared to men, according to a 2016 study by the National Institute on Retirement Security.
Many seniors who are looking for ways to improve their finances in retirement want to learn more about reverse mortgages. These are not a typical part of our clients’ financial plans; however, we were asked about these recently by a young client who was concerned about her grandparents, whose assets had dwindled down to a primary residence.
Many couples, especially in two-income families, keep at least some of their earnings separate. This can make it challenging to reach a place where both spouses have a complete grasp of their monthly income and expenses. If this is true for you, then as you are approaching retirement is a critical time to sit down with your spouse and make sure you both have a thorough understanding
One of the hardest things for financial planners to help people accomplish is correcting financial decisions that weren't sufficiently thought through at the outset. In failing to ask the right questions before making a decision, people frequently cheat themselves out of the ability to have more money and a more comfortable lifestyle in the future. And they sometimes place thems
When a spouse passes away, the remaining spouse often feels a natural insecurity about being the sole signer on the bank accounts. They want someone to be able to pay their bills and handle their banking in the event of a hospital stay or illness that renders them incapable of handling their affairs themselves for a time.
This blog provides advice from a client, recently retired from the healthcare industry, who has firsthand experience in being a patient advocate and caregiver for his wife.
Dan and Carol, not their real names, recently retired to a quaint southern town that is a haven for youthful and active retirees by providing a wide range of athletic and cultural opportunities.
Losing a spouse is probably the most dreaded moment in life. Grieving is hard enough, and it is even more difficult if you are overwhelmed by of all the “business” that must be managed in the aftermath. It’s best to be prepared when it happens, so if you are fortunate enough to have your spouse with you still, Tags: