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From MarketWatch:
Vacations, cars and roof repairs: You may be surprised by how much you spend in retirement: Emergencies aren’t the only unexpected expenses in retirement. Even the fun stuff can add up.
Alone and unable to care for themselves: This is the plight of millions of older Americans, study says: Long-term care planning is becoming a necessity as people age.
I’m 71 and can’t decide if I should pay off my mortgage or get a joint annuity that’s cheaper — what should I do?: Annuities can make sense, so long as people are very clear on the stipulations.
Also on MarketWatch:
‘I didn’t see how this could happen to my family — until now’: My brother drained $200,000 from my mother’s savings. How can I stop him?’
Dump your bonds, this new research says
Older workers are ‘neutral’ to company profits or productivity — and that’s a good thing
We have $3 million in real estate, which brings in $70,000 a year. Could I make the same income investing in stocks and bonds?
Are you taking an RMD? 10 smart things you can use it for right now.
My ex and I went through a terrible divorce five years ago, but didn’t settle our kids’ college expenses. How do I make him pay his share?
More in retirement news:
Retirement Without a Net: The Plight of America’s Aging Farmworkers (The New York Times)
Why pandemic early retirement became a permanent choice for many (USA Today)
Kevin McCarthy to retire from Congress at end of the year after historic ouster as House speaker (CBS News)
Retirement Account Moves to Make Before December 31 (Kiplinger)
Research and Insight:
Bonds’ Role in Retirement Plans Questioned by New Research (Bloomberg)
Millennials more retirement ready than boomers, study finds (InvestmentNews)
Higher income and longer working years are linked to better mobility (National Institutes of Health)
New York City Retirement Systems Part I Experience Study Report (New York City Comptroller)
Should You Take Social Security at Age 62, 65, 67, or 70? A Broad-Based Study Offers a Clear Answer (The Motley Fool)
COVID’s undue financial toll on older Blacks, Hispanics (Center for Retirement Research at Boston College)
To share with your family, friends and clients:
Is giving stock to kids a good idea? There might be a better way to teach them about money.
My father has dementia and ‘forgave’ my brother’s $200,000 house loan. The nursing-home notary said he was of sound mind. What can we do?
Just in time for Thanksgiving: Cutting calories by just 12% can slow aging and make you healthier
Quality of life for older LGBTQ+ New Yorkers to be improved under new commission
Want some family fun? Try new games with a generational twist.
Could the pension plan be making a comeback?
