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Your spouse, children, aging parents, and friends can all have a profound impact on your overall financial wellness in both good and bad ways.
From inheritances (what you might get and what you might leave behind), funding college, boomerang kids (adult children who return home or otherwise need financial assistance), and figuring out how to care for parents who need medical assistance to simply planning retirement with your spouse, there is a lot of value and problems that friends and family can pose.
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…
More and more couples over the ages of 60 are favoring cohabitation over marriage. In fact, cohabitation among people over the age of 60 more than quadrupled between 2000 and 2020. What is Driving the Trend Toward Cohabitation? There are quite a few factors driving the trend toward cohabitation for people over 50 or 60.…
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