Paying off a mortgage can bring a number of financial benefits. For example, it can help you reduce your monthly expenses. With no more mortgage payments to make, you may have more money available to invest or spend on things you enjoy like travel. Or maybe you just like the idea of being more financially […]
Food is one of the largest expenses for Americans every month, and grocery prices have significantly increased in recent months. The price increases are primarily due to inflation. What is Inflation and What Are it’s Causes? Inflation is an increase in the general price level of goods and services in an economy over a period […]
Dividend-paying stocks can be a great way to build a sustainable income stream in retirement. Dividend yields can provide a steady, predictable income source that can be used to pay for living expenses in retirement. As with any investment, it is important to do your research and consider the risks in order to determine if […]
A new year is always a good time to establish (or re-establish) healthy habits. If you’re a senior, this would be a great time to take a close look at your financial habits and possibly make some adjustments to how you spend and save – especially in light of an economy in recession. As we […]
Life insurance is a type of insurance that pays out a sum of money to a designated beneficiary upon the death of the insured person. The purpose of life insurance is to provide financial security and protection for the loved ones of the insured person, in the event that the insured person dies and is […]
A life insurance medical exam is an important step you will need to take in order to secure coverage. The life insurance medical exam typically involves a blood and urine sample, a height/weight measurement, as well as questions about your health history and lifestyle choices such as smoking or drinking. Depending on the life insurance […]
Retirement should be a time of relaxation, reflection checking off items on your bucket list and just enjoying life in general. But with the current economic uncertainty, celebrating one’s golden years is not as straightforward as it used to be. As a result, more and more retirees are having to confront the realities of a […]
Many Baby boomers are entering a new phase of life – retirement. This often means transitioning to a smaller home in order to free up funds and reduce spending, which can be intimidating yet incredibly rewarding. What is Downsizing? Downsizing is the process of reducing a person or organization’s living or working space in order […]
Last week we published an article titled Interest Rate Hikes: What Retired And Soon to be Retired People Need to Know. In that article, we discussed interest rates, inflation and recession. Today we’re going to offer up some ideas on how you can save a little money during a recession. What is a Recession? A […]
If you’re a baby boomer searching for European destinations you can visit on a budget, you’ve come to the right place. Europe is full of amazing destinations, from ancient cities to world-class beaches, offering excellent travel options for retirees on a budget. My wife and I love to travel. We just returned from a 4 […]
