Long Term Care Insurance: Key Policy Provisions

Mrs. GoTo and I received our long term care insurance policies last week.  The policy was part of a large portfolio of documents that the agent delivered to me.  I immediately opened up the policy document to review what I consider to be the key provisions.  I thought I would share these with you to give you something to think about when considering purchasing long term care insurance for yourself: Read more

Baby Boomer Week in Review – Pre-Inaugural Edition

Mrs. GoTo and I are the lake this weekend, enjoying some solitude.  I plan on writing more tomorrow about what it is like to spend cold winter days at a lake house so check back if you are interested in that subject.

I read or at least scan 50-100 personal finance and baby boomer blogs and websites each day.  When I find something for boomers that gets my attention, I share it here hoping that you will like it as well. Read more

Use a Credit Card to Boost Retirement Savings

Mr. GoTo is not a fan of credit cards in general for two reasons.  First, way too many consumers abuse their cards and get themselves over their head in debt.  Second, card issuers have not treated consumers well, either in not adequately explaining the costs and risks associated with the card or in not cooperating with card holders who get themselves in trouble. Read more

My Two Step Plan for Guaranteed 50% Investment Returns

No, my last name is not Madoff and this is not a Ponzi scheme or infomercial.  Mr. GoTo just wants to point out – in very simple terms – that for many baby boomers there are still some options out there for getting a great return on money invested for retirement.  Here is my “two step” plan (not to be confused with those goofy “three step plan” commercials that are all over the airways): Read more

Free Online TV and Movie Watching for Baby Boomers

Although this post talks about watching television, it is really about saving money for retirement. Read more

House Rich but Nest Egg Poor? Use Your Home Equity

In the last two years, many American consumers have personally experienced being house rich but cash poor.  In other words, they occupy (and have title to) a house that may be worth a lot of money, but the mortgage, taxes, insurance, and maintenance costs eat up 50% or more of their income.

The dilemma that some baby boomers have is that they are house rich but nest egg poor. Read more

Financial Reasons for a Baby Boomer to Downsize

The more I think about downsizing, the more I consider reasons why baby boomers in general would use downsizing as a way to reduce spending and better prepare themselves for retirement.

These are the financial reasons I have identified so far that would favor a downsize strategy for baby boomers: Read more

Best Waterfront Living and Property: Lake or Ocean?

Many baby boomers dream of owning waterfront property to use as a vacation homeor as a place to live full or part-time in retirement.  Mrs. GoTo and I purchased a lake house six years ago as a pre-retirement vacation home so we know something about the advantages and disadvantages of living on a lake. Read more

Workplace and Employment Age Discrimination and the Baby Boomer

With the epidemic of layoffs, downsizing, and outright job terminations, age discrimination by employers in the workplace has to be on the minds of all baby boomers.  We know (or will experience) how hard it is for someone over the age of 50 to find a new job after losing a job. Read more

Retire in a Foreign Country – Panama

Many baby boomers are intrigued by the possibility of retiring in a foreign country, either full-time or part-time.  I have to admit that I have thought and read quite a bit about it myself.

Some foreign countries have passed laws and created government policies designed to attract American retirees.  Panama is one of those countries.
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