Retirement or Bust
Baby boomers are facing more
uncertainty than previous
generations
Our Finances
The Over-50 Resource
Photo credit: bradipo
Whether you want to start investing, switch investments, get the most out of
your home or dig your way out of debt, the Web is a wealth of information for
baby boomers.

The
Financial Industry Regulatory Authority offers investment advice, articles and
neat tools such as a broker checker, retirement calculator, and mutual funds
expense analyzer.

Financial education and tools for low- to moderate-income working women can be
found through the
Women’s Institute for a Secure Retirement. The organization
addresses topics that can throw women’s finances into a tailspin, such as divorce,
and includes a section for Spanish speakers.

Get financial
advice and forecasts from Kiplinger magazine and 101 ways to trim
your budget from Yahoo.

Compare mortgage, CD and savings, college loan, IRA, credit card and other
bank
rates to find the best deal. If you own a home, need extra cash and are over age
62, you might want to consider a
reverse mortgage.
Photo credit: Courtney Beth Dohl

Useful Links

How to beat inflation.

See how well
your
salary has kept up with
inflation.

Find out if you have
unclaimed money lying
dormant in an old bank
account.

Check your
credit
reports annually for
free (this is the
authentic “free”
version).

What to do if your
identity is
compromised.

Make your own
will
online.

Move where your
money will go farther.

Spend your
charity
dollars wisely.

Boomers are not faring targets of  and have trouble finding another job with a similar salary and benefits.  Some can’t find layoffs
work at all and have to dip into their 401ks and savings.

Younger boomers who still have kids at home or in college are having
trouble
paying their bills. Many people borrowed against their homes,
only to have the bottom fall out of the housing market. And one serious
illness can spell disaster, employed or not.

Even the wealthy face financial ruin by overspending. These people had
to learn to
budget and change their lifestyle, but now they're happier.
It's amazing how much cash we can find once we learn the definitions of
Need vs. Want.


For some better news on the horizon, see our
Employment & Education section.
Read about one
family's struggle with
Bankruptcy Over 50