The cost of long-term care went up again in 2017, this time at three times the rate of inflation, according to the Genworth “2017 Cost of Care Survey,” released recently. The annual median cost of long-term-care services increased an average of 4.5 percent from 2016 to 2017...
Within your Means
Critical advice to remember for retirement security: your retirement lifestyle needs to align with your savings level. Many people assume that once they retire, they'll manage to maintain the same lifestyle they did during their working years. But unless you've saved well, you may need to cut corners to make up for the fact that you're living on a fixed income (and, most likely, a lower one at that)....
Playing Catch-Up
At a certain age, you are allowed to boost your yearly retirement account contributions. For example, you can direct an extra $1,000 per year into a Roth or traditional IRA starting in the year you turn 50. Your initial reaction to that may be: “So what? What will an extra $1,000 a year in retirement savings really do for me?”...