The baby boomer age wave often is characterized as a demographic and societal challenge, but it’s also a huge entrepreneurial business opportunity. The aging of the population is creating market demand for new products and services at an unprecedented pace. I spoke recently about age wave opportunities with Dick Stroud, co-author with Kim Walker of [...] [read full article…]
If you’re strapped for cash or have a poor credit rating, the offer would sound tempting: upfront cash in return for your future pension payments. But it’s a debt trap, according to a recent expose by The New York Times — a “pension advance” loan charging sky-high interest rates. A Times analysis of these deals [...] [read full article…]
PBS Frontline is shocked – shocked! – to find that investors hold retirement accounts that cost too much and eat into long-term returns, even though financial experts have been hammering away on these issues for years The public affairs show turned its investigative eye to the financial services industry this week with The Retirement Gamble. [...] [read full article…]
Mark Schottland’s 401(k) took a beating in the market crash of 2008, and its value plunged 35 percent, to $65,000. But rather than go into a mattress fund, the Nashville resident decided to invest in himself. Schottland used what was left of his nest egg at the end of that year to buy the Nashville [...] [read full article…]
When Barbara and Mark Gomperts became empty nesters a few years ago, they found themselves using just a fraction of the 3,000-square-foot, five-bedroom house where they had raised their children in Vienna, Virginia. They bought a townhouse in nearby Burke that was a third the size of the house they sold. “We just didn’t need [...] [read full article…]
