Tag: asset

Best Defense Is A Good Offense

Best Defense Is A Good Offense

I saw an ad in the paper that headlined, “Your income is fixed, so your expenses should be fixed.” It was an ad for a seniors living community as it called itself. My first impression was that these people will be led to financial disaster if they depend upon this idea. A fixed income is …

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Elderly Bankruptcies On The Rise

Elderly Bankruptcies On The Rise

There was an article in the news today about people over 55 filing for backruptcy at an increasing rate. They have gone from 8% of the personal bankruptcies filed to 22%. This age group is hit by a one-two punch of job loss and increasing health care bills. They had a fixed amount of savings …

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