What millennials can teach boomers about retirement saving


“They don’t make movies like they used to!” I remember my dad criticizing me for spending my time and money going to see movies when I was younger that he felt were inferior to those he grew up with. For him, “Jaws” couldn’t stand up to “Gone With the Wind,” and Clint Eastwood couldn’t hold [Read More…]

5 safety tips for seniors with smartphones


It’s not a good thing when the first thing you encounter in the morning is your teenager’s excitement about the coming of the iPhone 6 — while also recognizing that this new device comes with a $600 price tag. Well actually, the only thing more disconcerting than that is when your retired Mom or Dad [Read More…]

Paying for college athletes’ retirement is next


It’s down to the Final Four. You know, that time of year when college athletes realize how much money they make for their university and they begin to wonder who’s getting the better end of the deal — them or the university? In 2012, CBS and Turner Sports paid over $870 million for that year’s [Read More…]

Don’t be that grumpy retiree people avoid


Years ago, I lived next door to an older man who would spend his days sitting on his front porch complaining about life and yelling at the kids who would go by his Main Street house. He was not a pleasant fellow and I seldom saw him do anything besides sit on his porch and [Read More…]

Easier to talk religion or politics than money


Wells Fargo has just come out with a new survey about the health of American adults. The good news is that most Americans feel that they’re in good or great shape physically (this may ease some concerns about health care costs), but the bad news is that less than half feel the same about being [Read More…]

Financial advisers often overlook wife’s future needs


In my last article called “Do Financial Advisers Hate Your Wife?” I explained a discussion I had with Dan McGrath, one of the authors of “What You Don’t Know About Retirement Will Hurt You!.” Dan’s point was that the traditional approach of financial planning for retirement and beyond is flawed given many of the realities [Read More…]

Do financial advisers really hate your wife?


While at Merrill Lynch, Sally Krawchuk, pointed out to financial advisers at the firm that they needed to ensure that discussions with clients meant not just ones with the husbands, but the wives as well. After all, she pointed that when male clients died, the firm loses about 50% of those assets when the wife [Read More…]

5 biggest regrets by retirees


Retirement is a wonderful time for most retirees. During the Thanksgiving holiday, a family member was discussing her travel and vacation plans for her coming year and showing pictures of work that she had done to her home. She lamented that now that she was retired, she could do what she enjoys and make the [Read More…]

The Talk: Having purpose in retirement


A recent study by Fidelity found that ” sixty-five percent of adult children and parents agree that discussing retirement readiness is an important topic, but 72 percent disagree on the level of detail that has been covered to date; and only 11 percent of children believe the conversations were very detailed .” One thing I’ve learned in my work [Read More…]

5 critical health questions to ask parents


Having “the talk” with your parents about retirement and aging usually finds people primarily focusing on the financial aspects such as wills, estates, and financial considerations for care in one’s later years. If you’ve gotten through that part of “the talk” congratulations! However, “the talk” has a number of parts to it and what is [Read More…]