GI Jane Finances

October 24, 2010

Not retiring broke

Filed under: Uncategorized — Tags: , , , , , — gijanefinances @ 7:57 pm

Interesting story on 65 year olds and older filing for bankruptcy:

Retired and broke: why retirees are filing for bankruptcy

 My parents are approaching 66 next year with no pensions.  They love their credit cards, especially for vacations.  Their balances are usually about $5-10k.  Both took withdrawals out to pay off their auto loans and credit cards against my wishes.  They were quickly acquainted with huge taxes since their earnings exceeded $100,000.

 I need to research a good fee-only financial planner.  Yesterday, my mother brought up buying an annuity to supplement their Social Security.  I do not know enough to properly advise them.  I do need to try and link them up with a planner so they can stop making rookie mistakes.

GI Jane

Advertisements

26 Comments »

  1. Oh gosh. My parents are approaching retirement too, but luckily 5 years ago they were put on a strict financial diet implemented by us kids..now they will retire modestly.

    Comment by FB @ FabulouslyBroke.com — October 25, 2010 @ 12:48 am

  2. Here is a new peppy 1-minute video giving people advice on the responsible use of debit, ATM and credit cards.

    “Card Tricks Revealed: How Not To Burn Money”

    Comment by Jeff — October 25, 2010 @ 1:09 am

  3. Cool FB! My parents usually live simply apart from the 2-3 cruises a year they love to go on!

    Comment by gijanefinances — October 25, 2010 @ 12:53 pm

  4. Thank you for another great article. Where else could anyone get that kind of information in such a perfect way of writing? I have a presentation next week, and I am on the look for such information.

    Comment by Suchmaschine — October 27, 2010 @ 2:28 pm

    • Thanks much!

      Comment by gijanefinances — October 27, 2010 @ 3:47 pm

  5. Wow! Thank you! I always wanted to write in my site something like that. Can I take part of your
    post to my blog?

    Comment by Lovegra — November 2, 2010 @ 3:28 am

    • Sure, you are welcome! Thanks for visiting.

      Comment by gijanefinances — November 2, 2010 @ 6:38 am

  6. Hi there, I found your blog via Google while searching for first aid for a heart attack and your post
    looks very interesting for me.

    Comment by Potenzmittel bestellen — November 2, 2010 @ 4:31 am

    • Hello! Welcome!

      Comment by gijanefinances — November 2, 2010 @ 6:39 am

  7. This weblog is superior it has got the entire points i sought after to speak about, it has fulfilled my wisdom, i just appreciated this weblog and that i wish to subscribe so can you please inform while your blog gets up to date and what?s the procedure to subscribe in details.

    Comment by pc games — November 2, 2010 @ 6:14 pm

    • Thanks…the subscribe link is on the right side of the blog. I hope it is working…

      Comment by gijanefinances — November 2, 2010 @ 9:58 pm

  8. Greetings, this is a genuinely absorbing web blog and I have cherished studying many of the content and posts contained on the web site, keep up the outstanding work and desire to read a good deal more stimulating articles in the future.

    Comment by pc spiele neuheiten — November 2, 2010 @ 7:16 pm

    • Thank you for reading my blog! Please continue to come back.

      Comment by gijanefinances — November 2, 2010 @ 9:50 pm

  9. Hi, I can’t understand how to add your site in my rss reader. Can you Help me, please

    Comment by fahrrad stadler — November 3, 2010 @ 8:26 pm

    • Yes, go to feedburner.com

      Comment by gijanefinances — November 3, 2010 @ 9:32 pm

  10. Wow!! I love what you are doing! I need to relook at screen toaster! Informative and interesting post!!!keep it up..

    Comment by cialis fuer die frau — November 3, 2010 @ 8:55 pm

    • Thank, glad you enjoyed it.

      Comment by gijanefinances — November 3, 2010 @ 9:31 pm

  11. I will definately post a link to this website on my page. I’m sure my readers will find this article really useful.

    Comment by black down comforters — November 10, 2010 @ 7:43 pm

    • Awesome!

      Comment by gijanefinances — November 10, 2010 @ 8:54 pm

  12. Every time I find out a really great post I do a few things: 1.Share it with all the (blank) close friends .2.save it in all of the favorite social sharing web sites.(blank).Make sure to return to the blog site where I read the post. After reading this post I am seriously concidering doing all 3! ))))

    Comment by NoOne — November 14, 2010 @ 5:01 pm

    • Cool! Thanks for reading.

      Comment by gijanefinances — November 14, 2010 @ 7:44 pm

  13. Give thanks to you for this kind of a useful webpage. Where else could one get this sort of advice created in such a fantastic way? I have a presentation that I am presently working on, and I have been on the look out for such info.Eyeshadow palette

    Comment by Eyeshadow Palette — November 14, 2010 @ 8:25 pm

  14. I usually don’t post in Blogs but your blog forced me to, amazing work.. beautiful …

    Comment by Branchenverzeichnis — November 15, 2010 @ 1:14 am

  15. I keep listening to the news speak about getting free online grant applications so I have been looking around for the best site to get one. Thank you for your help!

    Comment by abnehmtabletten — November 15, 2010 @ 3:35 am

  16. Simply discovered your web page through google and I consider this can be a disgrace that you are not ranked upper due to the fact that that is a fantastic post. To switch this I determined to avoid wasting your web site to my RSS reader and I will try to point out you in one of my posts since you actually deserv extra readers when publishing content material of this quality.

    Comment by studentenkredit — November 20, 2010 @ 8:10 pm

  17. Of course, what a great site and informative posts, I will add backlink – bookmark this site? Regards,
    Reader.

    Comment by Branchenverzeichnis — November 20, 2010 @ 8:37 pm


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: