AADMM was recently featured in an article about retirement, published in The New York Times, titled “Going Solo: How to Plan for Retirement When You’re on Your Own.”
The article discusses the important role that a daily money manager can play in helping solo agers with their finances during retirement.
Here is a snippet:
Daunted by the challenges of putting a plan in place? Consider tapping into the broad network of professionals who can help solo agers identify options for support or fill needed roles themselves.
Take everyday money management. Four in 10 solo agers worry they’ll need help with their finances, AARP reports. You can get a hand via a bill-paying service like SilverBills or work with a daily money manager who, in addition to paying bills, can handle routine tasks like balancing your checkbook and organizing tax information.
It’s also a good idea to meet with a financial adviser to help figure out what services and living arrangements you can afford and what steps you can take to ensure that your financial resources last your lifetime. That’s true for all older people but especially important for solo agers, who tend to have lower incomes and less in savings than partnered households.
Click here to read the article in its entirety: https://www.nytimes.com/2024/09/21/business/retirement-single-alone-plan.html
