By Kerry Hannon, Next Avenue Job hunting these days is not for the meek, especially for those in their 50s or 60s. It’s challenging both in terms of time and emotional energy. But Steve Dalton, author of the new book “The Job Closer: Time-Saving Techniques for Acing Resumes, Negotiations, and More,” has some smart advice, which
Retirement
Bitcoin, Dogecoin, GameStop GME , and AMC are several on a list of those that for many have sparked dreams of early retirement and riches beyond their wildest dreams. Every day you miss out on these momentary “opportunities”, it feels like you fall another year behind your goals. The Fear of Missing Out (FOMO) can
The backdrop Twelve million adults over age 65 live alone. That is 27% of the population–the highest rate in the world. The majority are women. By age 75, the rate of women living alone rises to 44%. With the mobility in today’s society, many family members live far away. Among boomer women, 19.4% never gave birth, so there are
Sometimes our political leaders have to hear the obvious. In mid-May, members of the United States Congressional Joint Economic Committee (which was constructed to be bipartisan in 1946) heard testimony about why Black people have less wealth than white people. Chair Rep. Don Beyer (D-VA) introduced the hearing saying, “Much of the racial wealth divide
More than half of Americans need to take action quickly if they’re going to reach their retirement savings goals, according to the most recent Retirement Preparedness Measure (RPM) calculated by Fidelity. The average RPM is 74, but 41% of Americans have an RPM of 65 or lower, placing them in the “poor” category when it
Looming over the nation’s workers and their families is the dread of being busted in retirement. The pandemic calamity of 2020 has hastened old-age poverty dread because those without work place retirement coverage lost one more year of savings, were left out of the stock market boom, and are one more step towards leaving or
How can Congress and the Administration get working teenagers to save by opening a Child IRA? This is a question that no one is asking. It is, however, the best question that everyone should be asking. You’ve probably seen many reports about the lack of retirement savings. Currently, there’s a debate regarding whether this is
Nobody minds market volatility when it’s in the upward direction. But this week, we got plenty of the type of volatility that we don’t like so much as investors, the kind that inspires headlines with words like “plunge” and that end with exclamation points. It presents an opportunity, therefore, to remind ourselves of one of
When you are walking through the supermarket, you’re likely to see an array of financial magazines recommending that you wait until 70 to collect Social Security. You may infer from the articles that your full benefit grows by 8% annually until you reach age 70. In other words, the longer you wait to file, the
By Richard Eisenberg, Next Avenue Editor Remember the line “There’s an app for that!” Steve Jobs used to say? Well, that doesn’t seem to be the case when it comes to personal finance advisory apps for people over 50, especially for low- and moderate-income older adults. That’s my takeaway from the recent report by the nonprofit