Retirement

It’s not necessarily hard to find a location with 3,000+ hours of annual sunshine, but not all are created equal. Make the most of a sunny climate in these eight top destinations, chosen not just for the number of days per year they revel in rays but also for their fascinating histories, diverse cultural offerings,

If you were born in 1951, did you receive a required minimum distribution between January 1, 2023 and July 31, 2023? If you don’t want that RMD, you can undo it by redepositing the funds into the retirement plan if you act by September 30. Why am I directing this information to those born in

With constantly changing regulations, a market that seems to be continuously in flux, and inflation driving costs up across the board, it can be hard to know when and if you should start investing your money. So how do you know when you should start? When you’re able to. The most basic answer to this

You probably have a chunk of savings in Treasurys. Here’s how to size up conventional bonds, the inflation-protected ones and other ways to guard against a weak dollar. By William Baldwin, Senior Contributor The Federal Reserve will quickly get the inflation rate down to 2%. Do you believe that? If you do, then the usual

Americans abroad are at a disadvantage when it comes to taxes because, unlike the majority of developed nations, the United States operates a citizenship-based taxation system instead of a residence-based one. This means that, no matter where you move, so long as you maintain your U.S. citizenship, you will have to file an annual tax

Recently, I was surprised, pleased, and sobered that a few online calculators estimated I could live to age 100. I’m currently age 70, so that would mean I’d be retired for 30 years! While it was nice to think I still had 30 years to live, it was also a wake-up call that I should

Digital nomads are a new generation of workers who aren’t tied to any specific location. And while the common image of a digital nomad is a laptop-toting 20-something swinging in a hammock on a sun-soaked beach, the reality is that a digital nomad can be from any generation at all, Baby Boomers included. You also

If you have an aging loved one in your life, you might see what we’re seeing in so many families here at AgingParents.com—elders refuse to accept anything new. It can be an assistive device, help at home, replacing what’s broken, or anything. It might be addressing an obvious hearing loss. Mom or Pop keeps saying

$40,000—That’s how much the typical Generation X household has saved for retirement. This number should set off alarm bells for anyone concerned about retirement security because that level of savings at retirement would provide only $100-150 a month in retirement income. As the first generation to enter the workforce after the move away from pensions

There are many articles written on the best and worst ways to claim your Social Security benefits. Should you claim early? Should you claim later? Should you keep working? All good questions; and for full disclosure, I have written many of those articles. But a particularly important question that should be addressed at the very

There was a voicemail waiting for me on Monday morning from Robert, a former client. “Diane, I’m in a panic. My wife is in the hospital, having hip replacement surgery. Some hospital person gave me a form to sign about observation care. I don’t know what it means or whether it will have any impact

I recently spent an afternoon estimating how long I might live, using a few life expectancy calculators. It was this actuary’s idea of fun! It was also very enlightening and sobering, even for someone who works researches and writes about longevity topics. It reinforced the conclusion that I should be planning for a long retirement,

Financial foolishness is everywhere and easy to spot, but one of my favorite pastimes is finding financial wisdom where you might not expect it, especially in the arts and music. In past posts, I’ve explored the profound financial insight of Bob Marley, Mumford and Sons, Jason Isbell, and the Avett Brothers. Today we examine the

Scammers will find a way to trick older people with the most underhanded schemes. Most older folks receive Social Security and it is an important income source for many retirees. When someone calls them and tells them that there is “legal activity” or that someone is using their Social Security number illegally, it creates alarm.

Living with memory loss and other cognitive limitations is hard. But when you can’t remember or can’t process information well enough to make important decisions, and you have no one by your side to support you, life can be extra tough. Researchers at the University of California San Francisco ((UCSF) estimate that about 4.3 million

Those paying close attention to Social Security will recall the latest trustees’ report detailing how the Social Security trust fund could run short of money as early as 2034 unless Congress acts to shore up the system’s finances. The report also noted that “lawmakers have many options for changes that would reduce or eliminate the

The epitome of the American dream is to be a family-oriented entrepreneur who has created a successful business. Your company is not only a source of pride, but also the basis for your wealth in retirement and a legacy to leave your family. There is often a wrinkle in this dream that occurs when you

This is the hottest summer ever, news reports tell us. We stay inside, we use air conditioning, we hydrate well. But some aging parents who live alone or with only part time help at home are at particular risk. It’s not just that older people can’t regulate their body temperature as well as younger people.

How in the world could you ever justify spending $500 or more on a pair of sneakers? That’s how I interpreted the question posed by the Wall Street fugitive, Khe Hy, when I saw this tweet: Knowing Khe’s penchant for nuance, his question likely wasn’t as direct as my initial translation, but that’s how it

If you want to become financially independent, you’ve got to know what it means to be financially independent. It’s not that difficult to get your arms around. A straightforward operational definition does the trick. “You will know if you are financially independent if you have eliminated your debt, have a financial reserve that can sustain