A Stark Contrast in “Peak 65” Baby Boomers’ Retirement Savings Pictures

In 2024, the U.S. attained a momentous milestone as a country. That was the year that we reached what’s been dubbed “Peak 65,” referring to the youngest, largest, and final group of retiring Baby Boomers. Indeed, it may just be the largest influx of retirees in history as more than 4 million Americans will reach [...]

By |2025-03-10T19:36:32-04:00March 10th, 2025|

New Survey Digs Into Top Retirement-Related Worries

Although the inauguration is now in the rearview mirror, there is still much debate about which issues factored into people’s decisions at November’s ballot box. A recent survey of older adults echoes many election exit polls, however, finding that retirees are growing less optimistic about the economy and their personal finances than in prior years. [...]

By |2025-01-20T13:57:06-05:00January 20th, 2025|

Don’t Become a Victim to the Rising Incidence of Elder Fraud

A recently released FBI report (PDF) reveals some startling statistics on elder fraud in the U.S. Financial crimes targeting those age 60 and over reached at least $3.4 billion in reported losses in 2023, up 11% from $3.1 billion in 2022. The number of reported victims was also up 14% in 2023 with 101,068 complaints [...]

By |2024-05-06T18:50:47-04:00May 7th, 2024|

How Retirement Income Affects Senior Living Affordability Calculations

Here at myLifeSite, we typically write about senior living and closely related topics such as retirement lifestyles and aging. However, since our founders have a background in finance, and since finance is a big part of the senior living decision — particularly as it relates to life plan communities (aka continuing care retirement communities, or [...]

By |2024-06-26T00:06:03-04:00April 2nd, 2024|

Should I Pay the CCRC Entry Fee From My IRA?

There are many advantages to choosing a life plan community (also known as a continuing care retirement community or CCRC) including an array of amenities and services to make your retirement carefree, plus access to a full continuum of on-site care services, if needed. If you’re considering a CCRC, you may have questions around managing [...]

By |2023-06-13T12:15:34-04:00June 6th, 2023|
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