Saving Money for Seniors
Found 27 Articles.
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New Savings from Brokers
Opportunities are increasing for cheap investors. Only a couple of years ago I reported that the discount and mutual fund brokers were raising fees and increasing minimum investment amounts. The brokers didn’t want small investors, frugal investors, or long-term investors. Since then, the stock market has rebounded and trading volume is up. In addition, a […]
How Pension Payouts Are Affected By Interest Rates
The prospect of rising interest rates this year could affect retirement payouts. If your retirement plan offers a choice between an annuity and a lump sum and you were planning to retire in the next year or two, pay attention now. Lump sum payouts increase as interest rates fall and decrease as rates rise. The […]
A Few Ways to Save Money
There are two ways to save money. One way is to cut nickels and dimes off each purchase. The other way, which we’ll look at in this visit, is to save a lot of money on a few big dollar expenses. Let’s see how you might be able to save big dollars on a few […]
How Much to Save and Invest for Retirement
Americans are confident they will have comfortable retirements. Seventy percent of Americans age 25 and older told the Retirement Confidence Survey for 2004 they are confident of achieving a comfortable retirement. Yet only 58% were actively saving for retirement, and only 42% ever tried to calculate the amount of money they will need in retirement. […]
Little-Known Money-Saving Deals
Official figures say inflation is under control, but some of your regular expenses are rising steeply. You can beat many of these cost increases. You also can maximize savings on other expenses by doing some smart comparison shopping. Auto insurance. There is a revolution taking place in automobile insurance, sparked by Progressive Insurance. Instead of […]
The Rising Cost of Retirement
The standard retirement planning advice is to plan on spending 65% to 85% of your pre-retirement income each year of retirement. Unfortunately, that is a fallacy. Following that advice could diminish your retirement. Proof is in the latest Retirement Replacement Ratio Study, sponsored by Aon, a financial services company, and conducted by professors at Georgia […]
The Medicare Overhaul: An Update
We’re getting more details about the most significant parts of the Medicare prescription drug law that was enacted in late 2003. The two key provisions are Health Savings Accounts (HSAs) and prescription discount cards. The new Health Savings Accounts (HSAs) for people under age 65 were reviewed in detail in January. Recall that the accounts […]
Do It Yourself or Not? How to Decide
Many Americans, especially homeowners, face this constant dilemma: Should we do it ourselves or contract it out? Today, this is a headline-grabbing issue for many businesses. They even must decide if work should be contracted locally or to some lower-wage country around the globe. Yet, before it reached the desks of top executives, almost every […]
