“Pause laws” give financial institutions and advisers the right to delay executing a transaction they think is suspicious.
It is possible to request the Social Security Administration to use your current income levels if you experienced a life-changing event that causes your income to drop substantially.
An investor can buy a put option to protect against downside risk of a stock or stock market index investment declining in value.
The Senior Citizens League’s “2015 Survey of Senior Costs” showed a dramatic drop in inflation over the past year, due mostly to falling oil prices.
When you’re a senior, the talk is more likely to mean letting your family know your concerns and wishes for end-of-life care.
The Fed is done with QE, but the European Central Bank’s foray into this economic experiment is just getting started.
Assisted living is expensive, and there are alternatives to it like personal home care that may be less expensive. The point is that seniors need a long-term care plan.
For 6 in 10 (59 percent) employed retirees, the primary reasons they work are nonfinancial, including to stay mentally alert (18 percent), to remain physically active (15 percent) or to have a sense of purpose (14 percent).
Investors have gotten their heads turned by the tax-free income aspect of municipal bonds, but the decision on whether to own munis is more complex than just the tax status.
The problem with self-insurance is that you don’t know when you’ll need the coverage. It’s not just for seniors; many people aren’t saving enough for retirement now.