FinancesNovember 13, 2014
Getting Your Share: Financial Divorce "Smarts"
Even if you are not quite ready to get divorced, or know someone who might be, you need to be informed and Financially Smart. Deciding to Divorce is a complex process. Deciding how easy or difficult the process will be depends on you and how your spouse responds. The better prepared you are emotionally and financially, will dictate how smooth or turbulent the divorce obstacle course will be. Depending on the make-up of your marriage, there are some legal, emotional and financial Divorce “Smarts” with which you should be equipped. Consult with an attorney and a mediator, or an attorney who is also a mediator. It's a good idea, especially if you have children or assets. Choose the right person for you. Someone who represents who you are and your divorce style. If you don’t have easy access to the family funds, start putting some money aside so you can afford to pay an upfront retainer, which is often required.Read more...
November 3, 2014
Some aging Baby Boomers will upsize, not downsize, if they move at all, poll finds
We’ve been warned that the multi-level homes with the sprawling lawns in the driving-dependent suburbs that are popular with baby boomers may not work so well for them as they age. Harvard University’s Joint Center for Housing Studies and the AARP told us so in a report released last month, which concluded that today’s homes generally lack the features that these aging boomers will need — such as extra-wide hallways and easy-to-reach light switches and door knobs.Read the full article
October 28, 2014
8 Things You Didn't Know About Saving for Retirement
You save diligently for retirement, and you’re eager to contribute even more. But sometimes the rules for IRAs, 401(k)s and other tax-advantaged retirement-savings plans can hold you back. You may hit an annual contribution limit, or your income may be too high to allow you to contribute to a particular type of account.Read the full article
October 15, 2014
Getting Your Share: Starting a Business
Starting a business takes a lot of planning. Preparing and managing your business is key. You will also have important financial and legal decisions to make along the way. I suggest the following:Read more...
October 15, 2014
Three Ways to Reduce the Retirement Health-Care Burden
MADDY DYCHTWALD: When I was a little girl, my grandmother used to smile, pat my hand gently and tell me, “If you’ve got your health, you’ve got everything.” As it turns out, my grandmother instinctively understood more than I could have imagined. According to a recent Age Wave/Merrill Lynch study titled “Health and Retirement: Planning for the Great Unknown,” Americans told us that, overwhelmingly, the No.1 key to a happy retirement is, in fact, good health. At the same time, they told us that their biggest financial worry in retirement is health-care expenses. Surprisingly, health and health-care expenses worry retirees even more than outliving their money. And for good reasons. First, both life expectancy and health-care costs in retirement are on the rise. Average life expectancy at 65 is nearly 20 more years, while health-care expenses for retirees have gone up at double the rate of inflation over the past decade. And the fact is we are more responsible for footing those health-care bills than ever before. Twenty-five years ago, two-thirds of large companies offered health benefits to retirees. Now, just one-third of those companies do.Read the full article