Choosing A Financial Advisor Choosing A Financial Advisor Tips and Advice Wednesday, March 11, 2020 0 It is important to be meticulous when choosing a financial advisor. Here are seven guidelines and tips to consider including pay structure, title, and licensing of the person you hire as your... Read more
The Job Hunt For Older Workers The Job Hunt For Older Workers Experience Counts Wednesday, February 26, 2020 0 Older workers who lose their jobs often find it tougher than their younger cohorts to get back into comparable jobs. They often find themselves long term unemployed or stitching together multiple... Read more
Are There More Grey Divorces? Are There More Grey Divorces? Facts, Figures and Reasons Wednesday, February 26, 2020 0 As our population is aging, the Gray Divorce is on the rise. Having a 'midlife crisis' is a 'thing' that we often hear about, but what exactly is a midlife crisis, and does it even exist? Read more
Senior Personal Injury Issues - Part 2 Senior Personal Injury Issues - Part 2 With Ven Johnson Wednesday, February 26, 2020 0 Henry Gornbein and Ven Johnson continue their discussion on personal injury issues. Ven discusses nursing home issues vs. hospital issues and how they relate to medical malpractice. Ven then talks... Read more
Laurie Blume / Wednesday, March 11, 2020 / Categories: Financial, Money Management Key Financial Tips - Don’t Panic! Remain Calm in Turbulent Times Here are a few financial tips for those of us who are Gracefully Greying adapted from the Financial Manager and AARP Magazine: Do not panic. Panic is the enemy. Diversification is your safety net. Make sure that your money is spread among different types of investments, such as U.S. stocks, foreign stocks, bonds and publicly traded real estate trusts. Investing in mutual funds is safer than buying individual stocks and bonds. It is hard to plan for economic calamity. Think twice before paying off your mortgage if it uses up a lot of cash. Do not panic and sell too early. This is how most people get hurt by market downturns. Panic is your biggest enemy. Do not be overconfident either. There are always down turns in the market. The four most dangerous words when the markets have been strong for a long time: “This time it’s different.” Another good read is Suze Orman's article 10 Steps to our Ultimate 'Retirement, published in AARP. Another important read is published by U.S. News & World Report, What the Coronavirus Means for Your Retirement Finances. Print 31817 Tags: Financial Financial Planning Related articles A Tale of Two Losses: Your Memory & Your Money Can't Pay Your Taxes? The Perils of Caregiving: Protecting Finances Choosing A Financial Advisor Daily Money Management Reverse Mortgages for Seniors The Cost of Long-Term Care Saving for the 3 Stages of Retirement Seniors and Reverse Mortgages Don't Panic!