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Room At The Inn: How Baby Boomers Over 60 Are Forging New Careers As Airbnb Hosts

Baby boomers in their 50s and 60s are finding their newest gig in a surprising place. They’re supplementing their income by hosting visitors in their own home using services like Airbnb. For some, it’s all about the money. Earning extra income by renting a spare room can make the difference between keeping their home or […]

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Social Security Set For 2% Increase

Do you receive Social Security benefits? If so, your check will rise 2 percent in 2018, the biggest cost of living adjustment (COLA) in years (you may remember that 2017’s raise was a skimpy 0.3% and 2016’s was zero). For the typical Social Security recipient, that translates into a $27 per month raise. But before you […]

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Retire at 40 Capital Group

Extreme Early Retirement: What It Takes To Say Goodbye To Work At Age 40

It’s called “extreme early retirement.” It’s one of the terms used when people want to retire as early as age 40. Mind you, we’re not talking about folks who want to retire to a tiki hut on the beach and keep their living costs below $5,000 per year. We’re talking about affluent people who want […]

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Not Ready For Retirement? Don’t Blame It On The Kids

Haven’t put aside as much as you would like for retirement? Don’t blame it on the kids. “While having children leads to a moderate increase in the likelihood of being at risk (for retirement), the influence of children is considerably smaller than other factors,” says the Center for Retirement Research at Boston College (CRR). It’s true […]

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Quote Of The Week: States Can’t Afford The Retiree Health Benefits They’ve Promised

“U.S. states as a group have promised hundreds of billions more in retiree health benefits than they have saved up. The shortfall amounts to at least $645 billion, according to a new report from the nonprofit Pew Charitable Trusts based on 2015 data. That is in addition to the $1.1 trillion that states need to pay […]

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HGTV stars Drew and Jonathan Scott Show How to Redecorate That Empty Nest

When my kids went off to college, I reveled in having my home back to myself again. One of the first things I did was repaint and redecorate the kids’ rooms to make up for years of wear and tear. Of course, like many other kids, mine boomeranged back home again, but we all still […]

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Later-Life Wage Benefits: How Much Can You Gain By Working Longer?

Does it pay to keep working later in your career? New research shows it does, especially for women. Here’s why. Filling in the zeroes Your Social Security benefits are calculated using your top 35 years of earnings. Nearly half of women had zeroes in some of those years, meaning they took time off and left […]

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Do You Know Your Senior Living Options?

Over the past year, we’ve had quite a few clients move into senior housing communities. We’ve also worked with more than a few baby boomer clients as they help with research to pick out the right community for their parents. There is a broad range of housing options out there, from independent living and assisted living, […]

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Women: This Is What Your Future Health Care Will Cost

Women, wondering how much you need to set aside to cover your health care costs in retirement? The amount you’ll need is a cool $156,000. That’s the amount a healthy 65-year old woman will need to save to have a 90 percent chance of covering her total health costs in retirement (note: this amount EXCLUDES […]

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Grandma Gets A Job

Older American women are working more than ever, says Quartz, a digital business-oriented news outlet. Chalk it up to Baby Boomers who haven’t saved enough and are afraid of running out of money. By 2024, there will be twice as many women over 55 in the labor force as women aged 16-24. There are lots […]

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