When Baby Boomers started their working lives, retirement pensions were more common. However, starting in the 1970s, the IRA and 401(k) revolution kicked off the transition away from defined benefit plans (pensions) to defined contribution plans like 401(k)s…

Author Lois Wyse spoke for a lot of grandparents when she quipped, “If I had known how wonderful it would be to have grandchildren, I’d have had them first.” Parents who otherwise might not be able to assist their adult children financially are often very willing…

Owning a home is a significant milestone on the path to achieving the American Dream. Yet many in the post-Baby Boom generations despair that it’s beyond their grasp. A CNN poll reported that 90% of renters under 45 say they’d like to be homeowners but can’t afford it…

Many parents help their children with education costs. Virtually, all parents pay for any K-12 costs. However, when it comes to post-secondary education, support depends not only on parental ability to pay but also on each family’s philosophy on how much cost older…

Financial independence is coming later to the adult children of the Baby Boom generation. A Pew Research Center study showed that in 1980, 32% of young adults were financially independent by age 22, compared to only 24% in 2018. Other trends bear this out…

Many of us have heard the instruction to “Put on your own oxygen mask first before attempting to help others around you” on an airline flight. The same idea makes sense when it comes to helping adult children financially. As noted in a previous article, the Baby…

In my first Sixty & Me blog about helping adult children financially, I noted that today, adult children of the Baby Boom generation live in a different financial reality. In this blog, I’ll cover specific issues, such as housing, student loan debt, and other challenges they face in their…

Most parents of adult children assumed (or hoped) their offspring would be independent at some point after age 18. Yet, many parents today continue to support their children financially. Parents from the Baby Boom generation (1946-1963) most often fall…

These days, many travelers handle all their arrangements via online resources. So, it’s no surprise that the travel agency industry has been forced to drastically change how it operates. For example, a traditional source of agency revenue was commissions…

Life is naturally full of risks, and this is particularly true for travelers 50 and older. In this fifth installment of my Sixty & Me blog series on travel, I’ll cover three major types of risks older adults face when traveling and how to manage them…