According to a recent Prudential study, women are less confident about their retirement finances than their male counterparts. The study also highlighted the difference in level of confidence between women younger than 35 and those of the baby-boomer generation. It is believed that this confidence gap may reflect a gap of knowledge and experience.
An article from CBS Money Watch details the following tips women can take to boost their confidence about being prepared for the future.
1. Go for retirement benefits
2. Contribute to spousal IRA
3. Inventory your retirement benefits
4. Monitor and manage investments
Read the full article on CBSNews.com.
As seniors near retirement, many are choosing the increasingly popular living arrangement of home sharing to meet a variety of needs that come with old age.
What is home sharing? Home sharing is when a homeowner offers living accommodations to a home sharer in exchange for rent and/or household assistance.
Why are so many choosing home sharing? The homeowner gets money to help pay for rent, utilities, or other expenses while the home sharer is provided with affordable housing. Other benefits to home sharing for both parties include companionship, a sense of security, and mutual support.
There are many regional agencies that can help match homeowners with home sharers based on location, physical needs, and similar interests.
You can find more information about home sharing at:http://nationalsharedhousing.org/
PBGC Director Josh Gotbaum penned a letter to the editor of the Washington Examiner where he addressed retirement security and the desire of many Americans to keep both their jobs and their pensions.
Read the full letter to the editor.