Baby Boomers like Marta and Octavian Dragos are finding themselves in a common predicament: feeling trapped in large homes once filled with family. As empty nesters over 70, the Dragos represent many in their generation struggling with the decision to downsize. Despite wanting to simplify their lives, financial and logistical hurdles make selling and moving harder so Baby Boomers are choosing to stay in their homes. High capital gains [...]
What is the Ideal Retirement Age? As we step into 2024, it's essential to reevaluate our perspectives on retirement, especially considering the increase in average life expectancy. When Social Security was established in 1935, the retirement age was set at 65, a time when fewer people lived long enough to reach it. Today, with life expectancy in the U.S. at 76, the question of the ideal retirement age has [...]
Meet Sheila Callahan, a 63-year-old teacher who's embarking on a new chapter of life - a vibrant retirement. While she's excited, she knows that planning for retirement goes beyond finances. Research shows that memory decline can accelerate after retiring, regardless of financial stability. However, there are ways to keep your cognitive function sharp as you age. Sheila's summers are filled with sailing, gardening, and pickleball. But she's aware that [...]
Older adults have a lifetime of experience they can utilize after retirement. Therefore, it's no wonder many people reach retirement age, and decide to start their own business. Some may start up a business due to the desire to be one's own boss. Others may just want to follow a long-held passion. Some may do it for the extra income as well. Regardless, older adults choose to start businesses for [...]
Denise Clark and her siblings were nearing retirement age themselves when their mother requested they subsidize her living expenses. Not to mention the non-essentials she was asking for. A new car loan and generous birthday gifts for extended family members were just a few. Clark recalls when her mother realized she was going to run out of money, she requested several hundred dollars per month from each child to maintain [...]
