 The takeaway: Nancy’s Schlossberg’s book, Too Young to Be Old, provides research-backed methods for building resilience against common life events occurring in our third act. These events include facing ageism, building a new identity and sense of purpose outside of work, as well as dealing with health challenges and relationship changes–to name a few. … [Read more…]
The takeaway: The perfect setup for outliving your money is not knowing where it goes. This post helps you figure out where the money went and provides a juicy look at what others your age are earning and spending. Don’t outlive your money! $$$ Part 3 in the Don’t Outlive Your Money Series. (Updated 1/18/23) … [Read more…]
The takeaway. Out-of-pocket medical bills could be your biggest expense in retirement. Research suggests that over the life of their retirement, a couple can expect to spend an average of $315,000 on such expenses. Below are seven ways to stop the sting, or at least reduce the pain. $$$ Recently, Mr. Boomer-Money-and-More got into a … [Read more…]
The takeaway. In the wild, you may encounter a band of rogue long-term care sales agents who are more interested in getting the sale than in getting your needs met. They’re in the minority, of course, but they’re out there. Their sales tactics center around three themes that are insulting at best and untrue at … [Read more…]
The takeaway: The three factors affecting your long-term care insurance costs are 1) your life-long premiums, 2) premium rate hikes, and 3) the policy’s elimination period–which even though you’re insured, requires you to pay your own long-term care costs for a certain period of time. How well you prepare, plan, and protect for these factors … [Read more…]