I didn’t realize that anyone ever bothered to divide boomers into more specific categories, but that’s just what a May 2009 survey, “Different Age Groups, Different Recessions,” from the Pew Research Center has done. The survey, which asked adults about the impact of the recession on their finances and lifestyles, refers to boomers between 50 [...]
Posts under ‘Retirement planning’
Women and Retirement: The Triple Whammy
When it comes to saving for retirement, women face a triple whammy. For starters, women, on average, live three years longer than men. In fact, most women can expect to be retired for 22 years, versus 19 years for men, according to this report from Hewitt Associates.
Once they’re retired, women tend to face higher [...]
ETFs Explained
As I noted in a post from November, my husband and I are debating whether to go with a new financial planner. One that we recently contacted indicated in his marketing materials that he uses ETFs, or exchange-traded funds, with his clients. While I’ve heard of ETFs, I wasn’t exactly sure just how they worked, [...]
Longevity and Money
I just calculated my life expectancy at www.livingto100.com, and found that I should live to 99. A few months ago, my doctor also told me I’ll likely live into my 90s. She based her assessment on my grandparents’ longevity, which I had indicated on the multi-page medical history form that most doctors have you fill [...]
Finding a Financial Planner
Ever since our previous financial planner changed firms a couple of months ago, I’ve been debating how to proceed.
I could go the DIY route. Suze Orman, in this column, states that most people really don’t need a financial planner. And in fact, I did switch some of our money to a mix of low-cost [...]
Target-Date Funds: Good, Bad or Ugly?
When I was scoping out 529 plans for my kids, I noticed several target-date funds that I could invest in. These funds are designed to make saving for retirement or college easier. You plunk your money into the fund and let it know when you want to use the money. The fund managers will automatically [...]