Finance

ane Young, a Colorado business columnist and certified financial planner, said in a July 2023 column that when seniors begin to think about how they’ll manage their financial assets as they get up in age, they often consider adding an adult child’s name to their bank accounts, their other financial assets, and also possibly to the title on their home. She said this can seem reasonable, especially when the son or daughter is well trusted. But “this can have huge negative ramifications on your finances.” She offered several reasons why.

On the insurance front is another occasionally used funding source known as a life settlement. This option, also sometimes called a senior settlement, involves selling existing life insurance to a third party for cash. This third party is a person or entity other than the company that originally issued the policy. The settlement amount to be gained is typically more than the policy’s cash surrender value but less than the death benefit

Colorado’s State Treasurer office estimates that more than 40% of the state’s private-sector workforce does not have access to a retirement savings plan at work. That equates to nearly 940,000

Particularly with the combined effects of a multi-year pandemic and historically high inflation, media coverage of economic news has focused an increasing level of attention on the plight of older

A July 2022 study conducted by the Center for Retirement Research of Boston College concludes that in general, “retirees do not have an accurate understanding of their true retirement risks,”

You’ve worked hard all your life, and retirement is just around the corner. You hope you’ve scrimped and saved enough so you can take trips to see the grandkids and