Retirement
Traveling on a Fixed Income
Oh, the places you’ll go! Renowned author Dr. Seuss wrote a children’s book in 1990 that has become a popular graduation gift for young adults. Part of its message:1 “You’re off to Great Places! Today is your day! Your mountain is waiting. So … get on your way!” Perhaps for some people, the time to…
Read MoreWomen’s Issues and Retirement
In 2017, women organized and made headway toward real change, making it a hallmark year for women’s issues. The year started with the Women’s March in January and ended with the #MeToo movement spreading across the globe.1 In addition, record numbers of women considered running for public office.2 The thing is, many of the factors…
Read MoreHow Changes in Spending Impacts Retirement
Online shopping has become the norm in the Western part of the world. Experts say mature economies adopted e-commerce quickly because of its strong infrastructure and a trusting financial landscape.1 In other words, consumers could count on receiving goods ordered, vendors knew they would get paid and any conflicts were protected by a reputable credit…
Read MoreThe Impact of Income Inequality
As it turns out, income inequality can be an issue for all society, not just the poor. A new study of high-earning clients of a bank’s wealth management unit tracked the fortunes of male and female young adults to learn how income inequity would impact their lives. The assumptions had both genders starting out in…
Read MoreThe Case for a Rising Equity Glide Path During Retirement
Financial advisors often recommended that retiring investors transition growth assets to more conservative options. This is due to a concept called “sequence of returns.” If the financial markets decline at the beginning of retirement, an investment portfolio could be reduced to the point in which retirement income is greatly affected. To help avoid this negative…
Read MoreExperiences Over Possessions – Live, Love, Laugh and Save Money
Make a list of the top 10 things you want in life that you currently have not achieved. Then make a list of the 10 most expensive things you bought over the last month. How do they align? Could you have cut back on some of your most recent purchases to help achieve one of…
Read MoreImproving Chronic Health of the Elderly
According to one researcher, people age 60 years and older tend to have a lower quality of life — which is ironic, considering we work hard so we can achieve financial independence by that time in our lives. Recent developments in regenerative medicine are designed to help older people live a higher quality of life with less…
Read MoreThe Untapped Potential of Senior Innovations
Aging can be big business for companies that find ways to tap into it. People in the U.S. age 50 and up collectively spend as much as $7.1 trillion a year, and that amount is expected to double by 2020 as more people age. However, there’s still a need for innovations that would help millions…
Read MoreChallenges and Perks of an Aging Population
The nice thing about growing older with such a large generation is there’s plenty of company. Whether in supermarkets, restaurants, fitness centers or recreation venues, it usually isn’t hard to find others nearby in their 60s, 70s, 80s and beyond. In fact, there are now more people over age 60 than under age 15. So, you…
Read MoreNew Year’s Resolutions
This is the time we start thinking about setting New Year’s resolutions for the coming year. However, consider for a moment that this tradition may be a bit shortsighted. Did you know that J.K. Rowling created a detailed outline of all seven Harry Potter books before she began writing? And George Lucas envisioned at least…
Read More