Finance

Paul Skidmore’s office is shuttered, his job gone, his 18-month job search fruitless and his unemployment benefits exhausted. So at 63, he filed for Social Security benefits, three years earlier than planned.

The days of being able to count on averaging 10 percent annual returns from the stock market are over. So, it is important for retirees to know just how much they can take out of their portfolios every year without drawing them down too fast.

Money managers say take a breath — downturns could offer opportunities to strengthen your retirement savings for the long run.

By David A. L’Ecuyer Many people get confused or simply don’t appreciate the difference between banks and credit unions. Both banks and credit unions offer...

Just because the elder’s decision seems bad, doesn’t make it (the financial proposal) wrong or exploitative.

“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.”

It took guts and good planning to decide to retire in the middle of the deepest recession in decades. Even so, those who did felt flickers of self-doubt when the stock market crumbled around the time they banked their final paychecks.

By Mike Festa, AARP Massachusetts State Director Social Security is your money — you earned it through a lifetime of hard work. And like most...

By Brett Peruzzi, Associate Editor The con artists of times past haven’t gone away; they’ve just gone online. And older adults are increasingly becoming victims...

By Nance Ebert, Contributing Writer REGION - When people think about planning for their eventual demise, the focus is usually on assets. But what about...