Cosigning a loan.

Should you ever cosign on a loan for a family member or friend? The short answer, of course, is no. But life isn’t always black and white.

Credit score image

Once you hit retirement, your house is probably paid off and you likely have enough savings that you don’t need to borrow money. So, your credit score no longer matters, right? Wrong.

But that is what a lot of older adults think. In fact, a 2016 TransUnion survey showed that nearly half of Baby Boomers believe their credit score matters less after age 70.

Group of tourists being led by a tour guide.

At the top of most retirees’ wish lists is to travel. But the cost of plane tickets, hotel rooms, restaurant meals, and sightseeing really adds up fast. Fortunately, if you’re willing to think outside the box a little, you’ll find many ways to travel for very cheap—possibly even for free! Here are four cool ways to see the world for next to nothing.

Desk with tax return documents and a calculator

It’s that time of year again—tax returns are due this month. If you’ve had any big life changes in the last year, take special care at tax time to make sure you don’t miss any deductions that you may be eligible for.

finance blogs on the computer

Whether you read them on your computer or tablet or in good old-fashioned hard copy, newspapers and magazines are still great places to get news and read about topics that interest you. But the Internet has created a whole new frontier for people to publish and share information. 

Stock image of a businessman holding a heart-shaped symbol.

Increasingly, investors have decided they want to put their money into companies that are aligned with their values. But figuring out which socially responsible stocks to invest in can be tricky.

Money changing hands.

You’ve worked hard to save for retirement. So it’s important to be aware of certain life events or habits that could cause you to go broke, despite careful planning during your working years. Here are four common things that are detrimental to finances in retirement and advice from professionals on how to avoid them.

The problem: Your house is too expensive. 

Whether they need extra income, want to pursue a passion, or simply want to stay engaged in their professional field, an increasing number of people are continuing to work in some capacity after they retire from full-time careers. Fortunately, there are many part-time jobs for older adults who want to do work they enjoy and still have time to travel and spend time with family.

Elder financial abuse.

You probably know to look out for things like identity theft and scams like con artists soliciting money over email. But, there’s another threat you need to be aware of. It’s called elder financial abuse—and it’s often perpetrated by people you trust, such as caregivers, friends, or even family members.