Debt was something members of The Greatest Generation, those people born in the 1900s to the mid-1920s, avoided. Living through the hardships of the Great Depression and World War II made these folks frugal, and hardworking. They learned to live without and threw nothing away...
For a large number of baby boomers who are approaching 65 the amount of money they have for retirement is looking bleak. This is according to a 2016 retirement security report from the Government Accountability Office (GOA). In fact, among households age 55 and older, about...
If you are a homeowner who is 62 years or older, you may qualify for a reverse mortgage. This enables you to convert part of the equity in your home into cash. Older adults open reverse mortgages for a number of reasons. Some people use...
Having a conversation with your parents about their financial situation can be an awkward and even a taboo topic. After all, like religion and politics, our culture teaches us from a young age not to discuss someone else's money. However, when it comes to finances,...