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Wednesday, October 23, 2019

Adult children living with parents on rise

Christy Landrigan, of Fort Wayne, belongs to a growing number of adults who have moved back in with their parents. Adult children living at home climbed from 19 percent to 22 percent in Allen County between 2000 and 2010, according to recently released census figures.

Aging boomers strain cities built for the young

By Lauran Neergaard WASHINGTON — America’s cities are beginning to grapple with a fact of life: People are getting old, fast, and they’re doing it in...

Yes, you can still sell your home in a down market

The bright side of selling a home in a down market is you get to seek your own bargain if you’re going to buy after you’re done. Closing a sale, however, can be teeth-grindingly slow if you don’t do everything right — and maybe even if you do.

4 steps for planning retirement health care costs

A new survey by Sun Life Financial found that 92 percent of workers said they don’t know how much their health care will cost in retirement or vastly underestimate the amount.

Boomers retire, shift from saving to spending

The market bottom was just two years ago, so investors are still fearful of steep loses. They’re looking for more ways to guarantee that they can turn their savings into a steady income stream without totally handing over control of their money.

Myths about money in retirement punctured

We haven’t saved enough, too many of us retire without financial security, and we may need to work longer to achieve it — assuming we can hang onto our jobs or find new ones. No wonder that workers and retirees are more pessimistic about their future prospects than they’ve been in years.

2 years after market low, the little guy is back

“It didn’t feel right to be back in until now,” said Richard Dukas, who heads a public relations firm in New York City. “I still don’t want to put all my money in the market, but I believe we’ve come through the worst of it.”

Learn from Groundhog Day: Stop making these 5 money mistakes

Many of us are like Bill Murray’s weatherman in the movie Groundhog Day, when it comes to managing our own money. We’re searching for a way to break through repeating the same financial mistakes and reckless habits.

Baby boomers near 65 with retirements in jeopardy

“The situation is extremely serious because baby boomers have not saved very effectively for retirement and are still retiring too early,” said Olivia Mitchell, director of the Boettner Center for Pensions and Retirement Research at the University of Pennsylvania.

Are you financially prepared to retire?

It’s unusual to feel financially well prepared for retirement. That’s due partly to the poor performance of stocks over the past decade. But mostly it’s due to not socking enough money away.