Financial Recovery in Later Life

Financial Recovery in Later Life: Increase Your Resilience

Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension,

It is more difficult to recover from financial setbacks as one gets older. There is less time available to invest for retirement, recover money lost in the stock market, or receive “payback” from investments in human capital (e.g., job training or a college degree). Therefore, it is wise to consider ways to cope with traumatic life events, in case something goes awry and to …

Creating a Retirement “Paycheck”


Creating a Retirement Paycheck

Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension,

As baby boomers (i.e. people born between 1946 and 1964) continue to reach retirement age, increasing attention is being paid in the financial services industry to the concept of creating a “retirement paycheck.” What exactly is a “retirement paycheck?” It is income received on a regular basis after someone stops working. A “retirement paycheck” makes it easy to pay monthly bills, which provides financial security and peace of …

Catch-Up Retirement Planning Strategies for Late Savers

Catch-Up Retirement Planning Strategies for Late Savers

Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension,

There are several types of late savers who are trying to make up for lost time and accumulate an adequate nest egg for retirement. Are you one of them? Below are three common later saver profiles:

• Procrastinators with little or no past and current savings. This could be for any number of reasons including high monthly living expenses, overextended credit, poor spending habits, lack …

Retirement Estimator for Farm Families

Whether you are thinking of retiring gradually or about taking the big step all at once, you may wonder whether you can afford to retire. The Retirement estimator for farm families can help guide through that decision making process.

This tool evaluates your financial readiness for retirement.



farm family



Goto: Retirement Estimator

Content Developed By: Sharon DeVaney, Janet Bechman, and George Patrick.
Web Development by Agriculture Information Systems, Purdue University.
Purdue University is an equal access/equal opportunity institution.…

Financial Security: Retirement Planning

retired couple

Planning for retirement is a challenge for everyone. Again, the earlier you begin, the longer you will have to accumulate funds and capitalize on compound interest. A plan designed to meet specific retirement goals may be separate from or part of the investment building block.

Some people have given a great deal of thought to retirement, but others have not. Less than half (42%) of working Americans have made a retirement savings calculation, according to the 2006 Retirement Confidence Survey, …