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…

Virtually Home for the Holidays

It’s a great luxury in life to be in close proximity to our closest friends and family.  Unfortunately it seems that in this day and age people move around more than in the past and it’s getting harder and harder for people to  see their loved ones.  This time of year it’s especially important to…

Holiday Helper

The holidays can be a joyous occasion for many people, but for some, young and old, it can be a very lonely season.  It’s difficult to be in an empty home when many others are gathering with their friends and family.  So what’s a good way to not only give back this holiday season but…

Social Media Use Growing for Adults

Are you social media savvy? A new report shows that half of all American adults are on social networks such as Facebook or Twitter.  And use among baby boomers is continuing to grow.  In fact, 32 percent of boomers say they use social networking sites every day.  That’s 20 percent more than a just a…

Are Your Kids Destroying Your Retirement?

Think that providing financial support for your kid ends when they turn 18?  Think again!  In an new survey conducted by the National Endowment for Financial Education (NEFE), it was found that 59% of boomer parents have given their adult children financial assistance.  This includes help with big expenses like housing and insurance costs, down…

Dealing With Aging Parents

There comes a time in every child’s life when their parents begin to age and somewhat of a role reversal begins to take place.  As parents get older, tasks like managing finances may become a little too difficult or overwhelming.  So as a child, what do you do?  Helping your parents with their finances may…

A Few Precious Hours

The New York Times, December 9th, 2010 Five years ago, a wintertime fall left Leena’s father, then in his early 60s, a quadriplegic. Members of a tightknit Indian-American family, Leena and her brother returned to the family’s Chicago-area home and for two years helped their mother care for their father. After the children returned to…

As Populations Age, a Chance for Younger Nations

The New York Times, October 20th, 2010 YOU MAY KNOW that the world’s population is aging — that the number of older people is expanding faster than the number of young — but you probably don’t realize how fast this is happening. Right now, the world is evenly divided between those under 28 and those…

Survey Shows Pivotal Role of Grandparents in 21st Century Families

Yahoo News, September 9th, 2010 American grandparents see their grandchildren a surprising 81 times a year on average – nearly seven times per month – according to a recent national survey sponsored by Denny’s. The survey, conducted by Kelton Research among 1,000 adults 18 and older, also found that 63 percent of adult Americans would…

The Un-Divorced

The New York Times, July 30th, 2010 JOHN FROST and his wife had been unhappily married for much of their 25 years together when his company relocated him in 2000. So when he moved from Virginia to Knoxville, Tenn., he left her behind. At first, it wasn’t clear what would happen next. Would she follow…

A Graying Population, a Graying Work Force

The New York Times, April 24th, 2010 One recent morning Antonia Antonaccio, a home care aide, got a call to help an elderly couple whose regular aide could not make it. The regular aide, who is 68 years old, had thrown out her back. Ms. Antonaccio said she empathized. Sometimes her legs hurt from going…

Deciding on Care for Elderly Parents in Declining Health

The New York Times, March 12th, 2010 TWO years ago my father, then 83, became very ill. Until then, he had been living alone in a pleasant one-bedroom apartment on the Hudson River, an hour’s drive from my home in Brooklyn. After a couple of months in the hospital it became clear that my dad,…

Why Old People Should Love Immigrants

The New York Times, March 3rd, 2010 Earlier today Casey B. Mulligan wrote about how the entry of more women into the work force has helped sustain the solvency of Social Security, which has been otherwise stressed by the size of the retiring baby boom generation and longer life expectancies. The decisions by many more…

Words for Seniors Facing Loss

The New York Times, February 10th, 2010 My father is a relentlessly upbeat guy. “Up and around!” he reports when I call. “Keeping busy!” He tells me about his volunteer work, his card game winnings, the (seated) yoga class he enrolled in at the library. His favorite refrain is, “I can’t complain.” (And yes, yes,…

The Case for Being Your Mom’s Banker

The Wall Street Journal, February 6th, 2010 A reverse mortgage is an appealing way to extract cash from your house—but it comes with baggage. Reverse mortgages, which homeowners who are at least 62 years old can use to tap their home equity, have become more popular in recent years. The homeowner takes out a new…