Family and Relationships News, Information and Guidance

Divorce After 50? Why You Need a Retirement Financial Advisor as Well as a Lawyer

Divorce after 50 brings a unique set of challenges.  What might have been a clear path through retirement can become a complicated matter when older couples go their separate ways. With as many as 1 in 4 over-50 marriages ending in divorce, it is an important topic to consider. Retirement was once considered a relatively…

Family Caregiver? 5 Tips for Keeping Your Own Retirement Plans on Track

The costs of being a caregiver can be overwhelming.  There is the extreme emotional turmoil but there are also serious financial concerns — from money spent out of pocket and from time spent caregiving instead of earning income. As many as 30% of caregivers spend more than $10,000 per year on a loved one and…

The Best Investments for Children and Grandchildren: Consider a 529 Plan instead of Retirement Plan Withdrawals

Many grandparents and parents strive to help their children pay for college. But there are smart — and not-so-smart — ways to assist them. The gratification of being a grandparent stems from the ability to help shape another generation, according to an AARP survey of grandparents’ insights and spending habits. Part of this gratification comes…

The Sandwich Generation Issues: 3 Ways to Alleviate the Stress

Many are familiar with the nicknames given to different generations, from the Greatest Generation to the Baby Boomers and Gen Xers. But a growing number of people are now getting acquainted with what’s being called the “Sandwich Generation”—the cohort of Americans who have dependent children along with elderly parents. Members of the Sandwich Generation are…

Want to Pay for Your Grandchildren’s Education? Here’s How to Make it Happen

Nearly three-quarters of grandparents think it’s important to help their grandchildren pay for college, according to new research from Fidelity Investments, but the ability to financially contribute to college education requires planning ahead. Many grandparents value college education and believe it’s an important component for providing young people with the best opportunity to succeed, indicates…

Can You Loan Money to Family Without Regret?

How to Mix Family and Money Successfully The Wall Street Journal, October 14, 2013 Everyone knows that mixing finances and family will, in most cases, end up seeming like a bad idea.  Ironically, it seems that whenever someone needs money and the bank cannot help them, family members are who they will turn to first. …

Texas Tech Partners with NewRetirement.com

New partnership provides Texas Tech students real-world experience. Written by Callie Jones Texas Tech University’s Personal Financial Planning (PFP) department, housed in the College of Human Sciences, has partnered with NewRetirement.com for a unique opportunity that allows PFP students to answer retirement-related questions asked by users of the site. Students do not give advice pertaining to…

What to Do When Your Siblings Are Taking Advantage

“When it comes to caring for your aging parents, do you ever feel like your siblings are putting too much of the responsibility on your shoulders? Whether it’s day-to-day care tasks or paying the bills, if the division of labor is making you angry, it’s time to take action. Find out what the experts advise.”…

The New (Old) face of American Homes?

Since the end of World War Two, the single family, suburban home has been the centerpiece of the American Dream, but as we all so easily forget, the time since the end of World War Two has been anomalous in more ways than one.  The suburbanization of America and the development of the single family…

The Best Senior Dating Sites Online –Dating Networks Grow in Popularity for Boomers and Other Retirement Age Americans

While we at NewRetirement are mostly focused on the financial aspects of growing older, a successful retirement generally means overall fulfillment and dating is an increasingly popular activity among older Americans. With extra leisure time, it is no wonder that seniors – many of whom have lost or divorced spouses – are looking to spend…

Shack Up and Save? – There are Financial Advantages and Disadvantages to Marriage Later in Life

More and more couples over the ages of 60 are favoring cohabitation over marriage.  The decision is usually financially driven. According to the U.S. Census Bureau, the number of 60 plus unmarried partner households grew 14 percent over the last three years. Social Security is probably the biggest financial issue for deciding to live together…