If you are an American who is getting older — and who isn’t? — you will benefit from several current trends when you reach retirement age.
In addition to worrying about how to cope with the many challenges of aging, we baby boomers are bombarded with the idea that, one way or another, we will be “burdens” to our children—no matter what—in our later years.
Drastic ups and downs in the markets and indices spinning like out-of-control tops have left many of us wondering what we should do about our finances. If your own situation has you worried, the most important thing you can do right now is to hone your financial literacy skills. Here are some steps to take that should help you now and in the long run.
Knowledgeable women are empowered women. Develop strategies to grow your financial wealth and the result should be financial comfort, now and in retirement.
“This proposal is a stealth attack on the economic security of older women,” said Joan Entmacher, vice president for family economic security at the National Women’s Law Center.
“We do big things,” President Obama said. Here’s hoping we do more of them in 2011.
We need budget reform, yes. But when the chair of the president's budget commission talked about Social Security's "tits," he tipped us off to a far deeper problem.