planning for retirement

Is Everything Possible in Panama?

Posted on 06/4/2013 by | General News | Comments

TravelBy Juan Zamorano of The Associated Press With its miles of beaches, lush rainforests and welcoming colonial towns, Panama — like much of Latin America — has become a hot spot for American retirees. They come for the scenery, the weather and, perhaps more important, the low cost of living. “We were looking for a simple, cheap life,” said Linda McKee, 61, of Bonita Springs, Fla., while enjoying a glass of wine with her husband, Eric Carlson, on the porch …

Study: Boomers Give Up Savings to Help Parents, Kids

Posted on 05/8/2012 by | Aging, Home & Family Expert | Comments

CaregivingBaby boomers are selfless? Apparently many are, according to a new study by Ameriprise Financial. The financial group’s recent study, Money Across Generations, polls three generations: affluent baby boomers (with $100,000 or more in investable assets) along with both the parents and the children (over age 18) of baby boomers. New findings from the study indicate that baby boomers are holding off on major purchases and instead of channeling those savings into retirement accounts to support their Gen X and …