When to hire a financial planner? According to the Employee Benefits Research Institute’s 2022 retirement poll, one in every three working persons and retirees now works with a professional financial planner. Almost half of those without a planner intends to hire one in the future. A life event, such as marriage or divorce, is frequentlyContinue reading “When to Hire a Financial Planner”
Tag Archives: money management
Back to School Budgeting Guide
It’s Back-to-school season! The shopping season is in full swing from early July through late September. Back-to-school shopping can be hard on a budget. Use this back-to-school budgeting guide to plan out your spending. School Supplies Before you go out and buy school supplies, take stock of what you already have in drawers or onContinue reading “Back to School Budgeting Guide”
Gray Divorce: 10 Mistakes to Avoid
Ten Common Divorce Mistakes to Avoid The financial fall-out of divorcing after 50 can pull the plug on your retirement dreams: legal fees, therapist bills and single-handedly shouldering bills you once shared can drain your savings. With a gray divorce, avoid these 10 mistakes and protect your financial future: Failing to create an inventory ofContinue reading “Gray Divorce: 10 Mistakes to Avoid”
Gray Divorce: Double-Standards
Growing old isn’t easy, and here’s more proof. Except for people over 50, divorce rates in the United States are declining. Twenty years ago, only one out of every ten divorced spouses was 50 or older; today, one out of every four is. According to Jay Lebow, a Northwestern University’s Family Institute psychologist, “If late-lifeContinue reading “Gray Divorce: Double-Standards”
Financial Literacy: Empowering Your Clients
Financial education and money management go hand in hand. Protect yourself and your clients by empowering them with financial literacy. April is Financial Literacy Month, and in recognition, the National Council on Aging published an article that highlights eight tips for older adults to protect themselves from money scams. Millions of older adults fall preyContinue reading “Financial Literacy: Empowering Your Clients”
Older Adults Favor HECM for Purchase
Older adults favor the Hecm for purchase to achieve their retirement goals. Many agree the style of living, ease of maintenance, and closeness to family are fundamental standards for older adults who prefer a Home Equity Conversion Mortgage for Purchase Loan(HECM). Christina Harmes, in San Diego, affirmed she has clients looking to upsize, downsize, andContinue reading “Older Adults Favor HECM for Purchase”
OK Boomers
Ok, Boomers, we need to talk. The majority of advertising and news coverage are increasingly ignoring the Baby Boomers. It is easy to find news about the Millennials-but it seems Baby Boomers are not nearly as fashionable to talk about—except for ridicule by Gen X’ers. Born between 1946 and 1964, boomers have dominated every economicContinue reading “OK Boomers”
Enough is Enough!
Enough is Enough! Tuesday, August 20, 2019, was a huge day in the Business Section of the Los Angeles Times. No, the United Nations did not declare world peace nor a new universal declaration of human rights. However, it was still monumental.David Lazarus wrote that day about the broken premise of the “trickle-down theory,” whichContinue reading “Enough is Enough!”
Spotting Tech Support Scams
Spotting tech support scams are crucial for older adults. Scammers exploit your fears about viruses and other threats, but they don’t want to protect your computer. Instead, they want to sell you useless services, steal your credit card number, or install malware on your computer. How do you know if you’re being scammed? Here areContinue reading “Spotting Tech Support Scams”
Impostors Level Up Their Scams
Care of NRMLA OnlineA new article from AARP highlights how impostors level up their scams and have been phoning people. They pose as Social Security officers and flaunting false badge numbers to defraud victims. The head of the Social Security Administration’s Office of Inspector General warns, “Don’t believe anyone who calls you unsolicited from aContinue reading “Impostors Level Up Their Scams”