As Cognition Slips, Financial Skills Are Often the First to Go

When Helen Clark brought her father-in-law, then 83, to the doctor last year, she knew his mind was slowing, but a mental status exam confirmed it. He knew the year, where he lived and the name of the president. But when the doctor asked him to count backward from 100, subtracting seven from each number […]

Valuing Social Security Benefits As An Asset On The Household Balance Sheet

As a guaranteed income stream that cannot otherwise be liquidated or reinvested, most retirees don’t think of their Social Security benefits as an asset. Nonetheless, its value actually can be calculated, given known payments and reasonable assumptions regarding interest/growth rates and life expectancy. – Kitches Read the full article here.

Losing a job is always terrible. For workers over 50, it’s worse

The unemployment rate among workers over 55 is 4.1 percent, compared with 5.7 percent for the population overall, and labor force participation among older workers has been rising since the early 1990s. That’s arguably a better position to be in than that of a young person whose earnings potential has been forever damaged by starting […]