How many places will you call home in retirement? That’s the intriguing title of an article I just read by Joseph Coughlin, PhD, director of the MIT AgeLab. Coughlin came up with five, a number that really jumped out at me. Here’s how he breaks it down: Move #1: Downsizing from the home where you raised a family to a…
By now you have heard—probably not for the first time—about the staggering percentage of adults age 50 and older who haven’t saved enough (or anything at all) for retirement. For most of those non-savers, that means that they’ll be working well past 65, just to make ends meet. If you’re part of a couple, you at least have the possibility…
Scams are supposed to be something that happen to other people. Right? We read about them, know people who know people who have been scammed, and heartily disapprove. Then scamming calls us at home. On Wednesday, my wife was in a traffic accident. The airbag deployed. She is fine, although a bit bruised and sore. It wasn’t her fault. The…
One of the best things Boomer parents can do for their 20-something children—other than letting them live at home until they’re established enough to launch—is to encourage them to think long and hard about the kind of life they want when they’re 50. This might be a challenge for young adults whose concept of the future is measured in weeks…
I keep thinking about a recent article in the New York Times about the problems seniors are having finding (or keeping) affordable housing. The problem is especially acute for those on fixed incomes in cities like New York, San Francisco and Boston, where housing costs are stratospheric. Even people who’ve held professional jobs for their entire careers, who have saved…
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