Kelly Park

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Think you'll live until age 95? You'd better save $100,000 extra for retirement

Healthcare expenses increase exponentially as you get older.<p>Did you know that once you've reached age 65, you have better than even odds of living until age 80? Your chances of living until 90 aren't that bad, either.<p>In fact, around one in five men and three in 10 women who've reached the age of 65 …

Retirement

Do You Have Too Much Money in Cash?

New data reveals that Americans are keeping a sizeable chunk of their assets in cash -- and losing out on returns as a result.<p>Back in February, we …

Investing

CDs Are Among the Safest Investments for your IRA

A CD IRA is a combination of two things: a certificate of deposit (CD) and an individual retirement account (IRA). Those two things can be used …

Retirement

Poll: What's the biggest threat to your potential inheritance? Family squabbles

Forget taxes. Your relatives are the ones who'll get in the way of your windfall from your rich aunt.<p>A poll by TD Wealth showed that 44 percent of attorneys, trust officers and accountants cited family conflicts as the biggest threat to estate planning.<p>TD Wealth surveyed 109 estate planning …

Retirement

Too Many Retirees Are Making This Surprising Money Mistake

Most retirees aren't sure what to do with their money once they retire.<p>When it comes to retirement planning, most people focus on how much money they …

Retirement

The 50 Best Annuities

By<p>July 21, 2018<p>Frank Burns, a manager at a commercial tire company in Spokane, Wash., has been the target of annuity sales pitches several times, but …

Retirement

The 4% rule for retirement savings desperately needs to be modernized

The longstanding 4% rule was developed in the mid-1990s to answer the question, “How much can I safely withdraw from my retirement savings each year …

Retirement

Social Security Issues Warning About Scams Similar To Those IRS Phone Scams

It may be summer, but the bad guys aren’t taking a vacation. The Acting Inspector General of Social Security, Gale Stallworth Stone, has issued a warning about an ongoing phone scam from thieves pretending to be from the Social Security Administration (SSA).<p>[id=14]<p>As part of the con, scammers try …

Identity Theft

Nearly 1.7 Million Older Americans Will Never Receive a Social Security Benefit -- Here's Why

There are four categories of aged Americans who miss out on America's most important social program.<p>For tens of millions of Americans, Social …

Retirement

These Are The Best U.S. States For Retirees

If you think of retirement as sitting on a beach sipping a cold beer, South Dakota likely doesn't come to mind. So it might be a surprise to learn …

South Dakota

This Woman Found the Perfect Retirement Dream Job. Here's How You Can Too

Enjoy your passions, and make some extra cash.<p>When Leslie Cogswell stopped by Metolius Artisan Tea late last year, she was only looking to buy her …

Retirement

4 Under-the-Radar Countries Where You Can Retire for Cheap

<i>This article originally appeared on Money</i><p>Travel tops the bucket list for many retirees. But what if your wanderlust is of the more permanent …

Retirement

How do Medigap plans work? Here’s a tutorial

<b>Editor’s Note:</b> Journalist Philip Moeller is here to provide the answers you need on aging and retirement. His weekly column, “Ask Phil,” aims to help …

Retirement

A Growing Number of People Are Navigating Retirement Alone. This Woman Is Spearheading a Movement to Change That

Without kin in a position to help, advance planning becomes even more critical.<p>Carol Marak helped her aging parents for a total of six years, …

Retirement

New smartphone targets elderly nonphone users

For a significant portion of Americans over the age of 65, smartphones are just another part of a bewildering modern world, too complicated and too …

The One Question You Should Be Asking In Retirement

Yogi Berra once said, “When you come to a fork in the road, take it.” As a retiree or pre-retiree, you’ve worked diligently and built your life savings. Now’s the time to ask the No.1 question every retiree should be asking:<p>[id=1]<p>What do you want out of retirement?<p>To help you answer this question, …

Retirement

5 Ways to Protect Your Retirement if the Market Tanks

When you’re investing for retirement, your main task is to establish a long-term goal and plot out a portfolio that will get you there. But it’s also …

Retirement

3 Amazing Perks Retirees Can Get at Their Volunteer Jobs

Beyond the satisfaction of giving back.<p>A few years after he retired from his professorship at the UCLA School of Dentistry, Stuart White began …

Los Angeles

How to spot age-related macular degeneration

Fifteen years ago, Lorna Blakeney thought she had a lump of mucus in her eye. “I was sitting reading a book after lunch and suddenly realised there was something in my left eye. I tried to blink and rub it away. I thought a night’s sleep would help. But in the morning, it was still there. I didn’t …

degeneration

Study: An orange a day keeps the bad vision at bay

If you do not want your world to become a blurry smear, you may want to read this. There is one fruit proven to boost your sight and prevent loss of …

Immune System

How Retirees Can Avoid Higher Medicare Premiums

William Reichenstein is Powers Professor at Baylor University and head of research at socialsecuritysolutions.com. Many high-income retirees face higher effective marginal tax rates due to income-based increases in Medicare premiums. Higher earners must now pay up to 80% of the cost of their …

Retirement

7 tips to make retirement savings last

Even if you were smart (or lucky) enough to have a comfortable retirement nest egg, you may still worry that it may not last you through what may be …

Retirement

3 Spending Strategies for Your Retirement

Making your retirement savings last for 20, 30 or more years takes careful budget planning. Where do you start? Here are three options to consider.<p>If …

Retirement

Best and worst states for retirement

While many Americans already have plenty of worries when it comes to retirement – whether it be their personal financial well-being or the uncertainty of Social Security’s future – location sometimes get overlooked when it could be key.<p>According to a new report by Bankrate.com, finding the right …

College Sports

Most Americans Plan to Own Homes in Retirement, but That Might Be a Mistake

Homeownership in retirement certainly has its benefits. It's the unknown costs that come along with it that can throw your finances out of whack.<p>We …

Retirement

3 Great Reasons to Take Social Security Benefits at 62

Don't assume that waiting is better. There are lots of good reasons to aim for as early as you can.<p>Many people grapple with the decision of when to …

Retirement

6 Ways for Seniors to Save Big in Retirement

Frugal Retirement Living Tips for Seniors<p>Updated July 11, 2018<p>Newly retired, and looking for ways to cut your expenses, so you can enjoy your …

Personal Finance

Here Are The 5 Biggest Financial Rip-Offs To Avoid

Ripping a band-aid off a wound that hasn’t completely healed hurts. Ripping duct tape off your unshaven face? Now, <i>that’s</i> painful.<p>But, do you know what hurts even more?<p>Getting ripped off — that’s what.<p>There’s nothing worse than getting ripped off and losing your money on an investment you should …

Investing

What Is a Trust? A Guide to the Types of Trusts and Their Uses

The Business Dictionary defines a trust as a "legal entity created by a party (the trustor) through which a second party (the trustee) holds the …

Retirement

5 Facts About Medicare Every Retiree Should Know

Most seniors come to rely on Medicare. Here's some key information about this important health program.<p>Millions of seniors rely on Medicare to cover …

Retirement