Discussion in our previous post mentioned individuals age 55 and older and savings tips and strategy for that age group.  The empty nesters in this age group have challenges to saving for retirement.
The urge to spend more after the children leave home is one of the challenges, Vacations, luxury items, renovating or redecorating the home are some of the ways money is used vs saving.
Should you splurge or invest more in the 401K or IRA?  This is a very subjective question.
We have only One Life T...
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Planning and saving for retirement is important at any age.  The economy today has made a dramatic impact on plans for all because we are experiencing the effects of the downturn of the housing market and unemployment on a large scale.
Investing in a 401K or others means or retirement savings such as an IRA is very different for an individual 55 or older vs someone 25 or younger.  The risk in investing is very different, therefore careful planning for someone 55 or older is necessary to help w...
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Credit lenders began to change terms and approach to extending credit to consumers when the country became involved in the economic woes that are prevalent now ie; unemployment, foreclosures, consumer spending down, and credit ratings.
Recently, the lenders are taking a second look at borrowers, especially in the area of credit scores and re-evaluating some borrowers as an approach to increase their profits in the area of credit cards.  The lenders have experienced a dramatic decrease in the a...

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Making a will is a task that is low on the priority list for some but one of the important decision making tools that will effect your family significantly.
Recent experience with a family member that passed intestate was a learnng experience for me.
Interesting...There are some things that a will won't do.
If you have a retirement plan, an investment account, or life insurance, you probably had to  choose a beneficiary somewhere along the way. Every account of yours that already has a beneficia...
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