If you’re over 50, you need exercise to stay fit-no disputing that. But what are you doing to keep your brain lean and mean? The concept of brain fitness has caught fire lately, with much of the attention focused on a new breed of software programs and games that claim to help older people maintain [...] [read full article…]
Boomers will see their retirement savings eroded by the skyrocketing cost of health care, according to new research by the Center for Retirement Research at Boston College. When Medicare premiums, co-payments and other expenses are considered, the average individual will need to set aside $102,000 for retirement health expenses; for couples, the number rises to [...] [read full article…]
My recent columns on retiree health care and the timing of taking Social Security benefits prompted a number of questions from readers worried about insurance options for the pre-Medicare crowd, and the mechanics of Social Security. I went back to the experts on both of these topics to get the answers. Q: You wrote that [...] [read full article…]
Money can’t buy me love, wrote Lennon and McCartney. But loving couples could be doing a better job managing their money. So concludes a new study of couples’ financial management styles-and how they can get the best retirement planning outcomes. Released on Valentine’s Day, the study from Hartford Financial Services Group and the MIT AgeLab [...] [read full article…]
Research by Ariel Mutual Funds and Charles Schwab shows a sizable gap in participation by African-Americans in wealth-building for retirement. Ariel President Mellody Hobson writes this week at Huffington Post about what she calls a “looming retirement crisis” in the African-American community: After struggling so long to join the middle class and fulfill the American [...] [read full article…]
