The New Kind of Shacking Up

Having a roommate to reduce expenses is no longer limited to 20-somethings after they’ve left the nest. The recession and high cost of housing is leading many more people, including those over age 50, to live with a non-spouse. The scenarios are numerous. Two single moms with teenage kids. Friends in a Boomer-esque version of the Golden Girls or Kate & Allie, as described in The New Housemates. Multiple generations of one family. Unmarried romantic couples. Or just renting out …

How to Safely Build Your Retirement Income

The Washington Post has a good piece giving folks tools to help them begin to build their retirement income; fewer folks are retiring with pensions and Social Security just doesn’t cut the majority of a person’s living expenses. The piece goes into depth about annuities — how they differ and which may (or may not) be the right fit for you. Here’s a snippet: An immediate annuity is based on a simple concept: You give an insurance company a lump …