Financial Basics For Baby Boomers
Apr 10, 2013 — How should boomers plan to pay for school when, on average, students graduate from college in the U.S. with $25,000 in debt? Ron Lieber, who writes about personal finance for The New York Times, tells Morning Edition's David Greene about planning strategies and pitfalls to avoid.
Apr 2, 2013 — When it comes to collecting Social Security benefits, there is no magic age. Today's boomers can begin collecting full benefits at 66, tap in early at 62 or delay benefits until 70. Mary Beth Franklin of Investment News says the importance of making a smart decision on timing "can't be underestimated."
Mar 27, 2013 — For most Americans, the math for a comfortable retirement may never add up. According to recent census figures, Americans ages 55 to 65 had about $45,000 in savings and assets, not including their homes. Morning Edition's Renee Montagne talks to three experts about retiring with little savings.
Mar 20, 2013 — Older Americans and younger boomers may find themselves bombarded with ads for annuities. Annuities are a $200-billion-a-year business for life insurance companies and financial institutions. Kiplinger's Kimberly Lankford explains some of the choices and red flags facing potential investors.
Mar 12, 2013 — A Seattle widow's one-stop estate planning advice blog was inspired by her own paperwork frustrations after her husband's death. Chanel Reynolds offers a checklist of documents to prepare, a will template and a list of details to write down, like passwords to online accounts.
Mar 5, 2013 — The generation that came of age in the 1960s is beginning to retire. Born after World War II, they grew up in an era of rising living standards, but the Great Recession destroyed any sense of financial security. Now they face challenges, including putting their kids through college and caring for their parents.