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Posted: September 30, 2004
Navigating the Financial Black Hole of Old Age
Living Longer and Digging a Deep Hole of Debt
Editor?s Note: Seniors and caregivers face enormous financial stress and sometimes even ruin. Understanding the issues and taking steps to protect assets can make all the difference while ?Navigating the Financial Black Hole of Old Age.? This first article in a series examines how we got to this point.
Seniors often joke that the retirement years are known as the ?golden years? because it takes a whole lot of gold to get through those latter years of life.
But for many seniors and their caregivers, those words are no laughing matter. Instead, they portray a tough reality for those who watch their retirement dreams collapse under the burden of fixed incomes, rising expenses and mounting debt.
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© 2004 Pederson Publishing, Inc. All Rights Reserved.
Commercial use, redistribution or other forms of reuse of this information is strictly prohibited without the prior written permission of Pederson Publishing.
Commercial use, redistribution or other forms of reuse of this information is strictly prohibited without the prior written permission of Pederson Publishing.
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