AARP’s Life@50+ = Bargain of a Lifetime!

Hands down, the best $25 I’ve ever spent: AARP’s Life@50+ National Event. That’s the price of admission for the entire three day event ($35 for non-members), and you easily get 10 times that amount in return value in the form of world class entertainment, cutting edge information, and schwag … lots and lots of schwag. This past week, Life@50+ 2012 was held in New Orleans, and on Saturday – the last day of the event – I woke up with a …

Jean Chatzky’s 12 Essential Money Rules

“Rules. A life without rules is exhausting and emotionally fraught.” That’s how Jean Chatzky opened her hour long session on financial security and retirement at Life@50+ today. She admitted that rules don’t seem fun – and the audience agreed. But soon she brought the crowd around to the virtues of boundaries, planning and delayed gratification. “Once you start planning, and get the numbers down on the page, things may not be as bad as you think they are,” said Chatzky, …

Boomers Spending Less on Leisure, More on Education, Mortgage Interest, Adult Kids

These days, keeping up with the Joneses is more likely to involve night classes than a new sofa. A study on boomer spending habits found middle-aged adults today spend less on leisure and frills than previous generations but more on education, adult children and mortgage debt.

Medicare Patients Spend Thousands Out of Pocket at End of Life

Using data from a national longitudinal survey, Mt. Sinai professor Amy Kelley looked at out-of-pocket medical costs near the end of life and uncovered some sobering statistics. A whopping 43 percent of Medicare patients end up spending more than the total value of their assets, excluding real estate, on end-of-life care, while 25 percent spent all their assets including including any money from home or property.

Convince Your Kids to Save in a Language They Understand: Beer

Over at LifeTuner, we were pretty proud of our infographic that depicted the power of compounding interest, but we may have just been outdone. The folks over at RothIRA.com have put together a great graphic that shows how saving small early can lead to big gains by converting dollars into a more attractive retirement goal: a giant tower of beer. The savings rate is a little on the small side ($1/day), so throw in a tidbit about being able to …

Why Retiring Abroad Could Save You Money

In a previous blog post, I wrote about one of the key perks of living in Latin America – affordability. I wrote that you can live quite comfortably in Latin America on your Social Security benefits, despite the fact that those benefits have only risen 3.6 percent in the last three years. For a retiree in 2012, the average Social Security benefit is $1,230. One of my favorite treats, I mentioned, is that in Ecuador, I can afford to hire …