The statistics show that many more older men are married than older women. Although there is the fact of womens vs. mens longevity, but Paula Span for the New York Times felt this could not be the only reason. What she found was that women, both widowed and divorced were better able to navigate the single life. With already supportive groups of friends, events, book clubs and volunteer jobs, women’s networks helped them blossom. Read more about her fascinating and somewhat familiar findings here, The Gray Gender Gap: Older Women Are Likelier to Go It Alone.
Category: Retirement
Long Term Care, Worth It Or Not?
Long term care insurance is quickly losing its shine. In the 1990s these policies were sold in large numbers and seen as the best way to preserve your style of living as you aged. Since that time, premium rate increases due to high claim volumes and low lapse rates have made the plans much less affordable. Darla Mercado for CNBC examines when these policies may be right for you and what other ways you can plan for unexpected care needs in Less is more: The dilemma over long term care insurance.
Grandparents Help With College
As college expenses continue to increase, grandparents are beginning to step-in and offer assistance to their grandchildren. John F. Wasik, for the New York Times offers sound advice for those wishing to help with their grandchildren’s college expenses. The Best Way to Help a Grandchild With College. There are many aspects to be considered in order to maximize your monetary support of a student, such as when the money is applied or whose name appears on the account. Read the full article to learn more about the amazing gift of higher-education that you can share with your grandchildren.
Are You Paying Your Broker’s Retirement?
No one appreciates a hidden fee, but do you know exactly where your invested money is going and the amount of fees you are paying your broker? President Obama is currently pushing for new rules in the finance industry that would help put investors interests first. Of course, even the financiers need to make a living and have money for retirement, but just how skewed is their take versus your returns? Might be a good question to ask next time you’re in their office.
The Real Costs Of Managing Your Retirement
Say What You Will, Grandchildren Are A Blessing
According to a recent study from American University, women are prone to quit working and help with childcare when their children have babies. This is a trend that began to grow in 2008 and has increased since. The author appears to think this trend has a negative effect on the financial outlook for these families when the women retire “early.” But what about the health and happiness benefits of grandchildren or the fact that a few less years in a high stress job might add to your lifespan? Possibly we should all take a breath and remember that money isn’t everything.