Celebrity gossip magazines are my wife’s guilty pleasure.  As a casual observer, I can’t help but notice the number of breakups that seem to grace the covers. The highly publicized Brad Jolina divorce has many taking notice. There are many reasons couples decide to break up and money continues to top the list. What are […] The post Divorce is Expensive appeared first on Wealth Over 50 ..read more

Imagine you’re looking for a destination with great weather for your summer vacation.  Someone recommends visiting Austin, Texas, where our average temperature is 67 degrees. Sounds perfect! Here’s the problem, summers here in Austin are actually over 100° and winters are in the 40°s.  So I guess if you average all the seasons together they […] The post The Greatest Risk for Retirees Today appeared first on Wealth Over 50 ..read more

My wife dresses very well and often gets compliments on her outfits – but she has a secret. She hardly ever pays full price for her name brand designer outfits.  She can tell you the best day to shop at a number of high end stores or websites when they’re Buy-One-Get-One-Free or 30% off sales. […] The post Taxes, an Unexpected Reason Retirees Go Broke appeared first on Wealth Over 50 ..read more

We live in a world where everything is being measured and scored.  People track and score their steps and daily calories burned, my daughters have all their exams scored, my employer tracks and scores my productivity, and now smart watches can scores how well I’m sleeping.  So naturally the scoring trend has reached personal finance.  […] The post The Reason I’ve Decided To Save Less Money appeared first on Wealth Over 50 ..read more

I can remember going through countless fire drills at school or the company building. And most of the time, I found the exercise annoying. I always thought to myself, “I have plans of my own and this is very inconvenient,” – until it wasn’t a drill. Sometimes we get a gut feeling, warnings, or news […] The post Stock Market Anxiety and Fire Drills appeared first on Wealth Over 50 ..read more

I attended Texas A&M University and one of my best friends went to University of Texas. These are the two big rival universities in Texas. He and I entered into a 6 week diet bet where the loser had to write a check to the winner’s university athletic foundation and then place the donor sticker […] The post Unexpected Reason Retirees Go Broke: Spending Drift appeared first on Wealth Over 50 ..read more

It is very common to find retired couples where one spouse (typically the male) takes the financial lead and knows where all the financial pieces of their lives lay, while the other spouse (too often the wife) takes a backseat and really doesn’t know the plan. There are a lot of reasons why some couples […] The post Unexpected Reasons Retirees Go Broke: I Didn’t Know appeared first on Wealth Over 50 ..read more

Many of us may have enjoyed a career with a large employer who helped shoulder the cost of health insurance during our working life, so we’ve really never felt the full pain that comes with cost of healthcare. I’ve seen both professional financial plans, as well as, retiree’s personal spreadsheets where the cost of healthcare […] The post Unexpected Reasons Retirees Go Broke: Healthcare appeared first on Wealth Over 50 ..read more

Money is still a top reason for all divorces. Gray Divorce is the term used to describe the growing phenomenon of older couples getting a divorce. There are a list of reasons why any couple calls it quits, but the financial consequences are the greater for older couples since they have less time to recover […] The post Unexpected Reasons Retirees Go Broke: Divorce appeared first on Wealth Over 50 ..read more

When you attend lifeguard training, they warn that swimming out to a drowning victim is the most dangerous type of rescue and should only be used as a last resort. Why? Because drowning victims can end up drowning you also! The same is true for retirees on a fixed budget who decide to financially help […] The post Will Your Family Cause You to Go Broke In Retirement? appeared first on Wealth Over 50 ..read more