A growing number of families are supporting both adult children and aging parents. As if there weren’t enough variables to consider when planning for retirement, throw this into the mix: Fifty-two percent of parents over age 45 expect to financially support their adult children, and 35 percent expect to do the same for grandchildren, according [...] [...more]
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 [...] [...more]
The economic recovery is not helping Americans shake a bad case of the retirement blues. Workers and current retirees are less confident than ever in their ability to live comfortably in the post-employment world, according to the 2013 Retirement Confidence Survey published today by the nonprofit, nonpartisan Employee Benefits Research Institute. But the survey also [...] [...more]
We’ve all heard the scary numbers: experts say retirees need to set aside hundreds of thousands of dollars for health care in retirement: $200,000, $300,000 or more. Billions and billions, as the late astronomer Carl Sagan would have said. But the forecasts are just average figures. It is harder to get a handle on your [...] [...more]
It is time to stop blaming the victim when it comes to women and retirement planning. An endless stream of studies and surveys all show women are less prepared for retirement than men. The typical story line: “Women aren’t interested in managing money, and they’re not good at it. They’re more interested in other things [...] [...more]
