Wildfires, earthquakes, tornadoes, hurricanes and blizzards are just some of the major natural disasters that wreak havoc on communities and homes. In addition to potentially severe damage, natural disasters also remind us to make sure that the necessary precautions are in place in case disaster strikes in our own communities. The Federal Emergency Management Agency’s (FEMA) encourages disaster...

Are you delaying retirement because you are in need of extra income? If so, you are not alone. A Gallup Poll shows that 35% of working adults plan to continue working past retirement age out of necessity. Forbes writer, Edward Siedle, writes, “With the average 401(k) balance for 65 year olds estimated at $25,000 by independent experts – $100,000 if you believe the retirement planning industry...

As Congress looks for ways to trim down the nation’s deficit, many American households—especially older ones—are also tightening their belts as they prepare for retirement. The economic downturn has left middle class seniors with their own deficit in the form of a loss of security, says an AARP report based on December 2011 research regarding how seniors are dealing with new economic realities...

In light of the worst economic downturn in decades and rising costs of health care, older Americans today are carrying more debt than ever on credit cards—even more so than their younger counterparts. In 2012, the typical 50-plus household carried an average credit card balance of $8,200, according to a recent AARP report. That compares with an average balance of $6,258 for those households under...

The Great Recession affected Americans across the age spectrum, but older Americans especially have been dealt a tough hand as they have less time to recover from the economic downturn and are being forced to delay retirement. “Boomers have had a rough ride over the past several years.  The recession and its aftermath have left many without jobs, having exhausted their savings, and with homes...