Found 73 Articles.
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Many people enter retirement with sufficient assets, but they run out of money during retirement. A major cause of the shortfall is providing too much help to the children and grandchildren, becoming the Bank of Mom & Dad. This article discusses the problem and gives some ways to avoid falling into this trap. Two-thirds of […]
People tend to become more risk averse as they get older. This paper points out that when the average age of a society increases, the entire society becomes more risk averse. That can affect a number of factors, such as stock market returns, interest rates, foreign policy, and more. The empirical results indicate that willingness […]
Retirement is changing, and it’s harder for people to attain the retirement they want. This Bloomberg story discusses recent data. One set of data says that Americans are retiring earlier, while the other data set says that life expectancy has stopped increasing. Americans are dying younger, on average. At the same time that Americans’ life […]
I’ve mentioned this before, but this new paper makes it worth mentioning again. The biggest risk to your retirement isn’t inflation, low investment returns, geopolitical chaos, and other risks people talk about. For most people, the biggest risk is cognitive decline that leads to less-than-optimal decisions. Everyone’s decisionmaking ability declines with age. I’m not talking […]
This article argues that people shouldn’t be focused on increasing “life span” but on increasing “health span.” The health span is the period of time a person lives without the chronic conditions and diseases generally associated with aging. Research with masters, or senior, athletes finds that they age at a slower rate than others. The […]
Many people flounder in retirement, because there aren’t enough resources to help them develop successful retirements. There now is a class available called Aging Mastery available through the National Council on Aging. Read here for more details. Watts met classmates who have turned into real friends. She also learned about an important aspect of managing […]
A new survey found that 15 year olds all over the world don’t know much about money and finance. Most teenagesr are financially illiterate and aren’t prepared to manage their own money when they start to earn some. Students at the lowest level of financial literacy “cannot even recognize the value of a simple budget […]
Most people shortchange one of the most important issues in their retirement plans. The result can be a wildly inaccurate plan. A goal of every retirement plan is to ensure your income and cash flow last at least the rest of your life. To meet that goal, you need a reasonable estimate of your life […]