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Angela Mahany was completely in the dark about how complicated her late husband’s finances had become. Dick Mahany, in a loving effort years ago to make sure she would be set financially when he died, had borrowed money from a whole life insurance policy that had built up a cash balance to buy a term…
People’s attachment much weaker, retirement more prevalent, and many jobs lack benefits. We just finished a paper on how older workers use “nontraditional” jobs – that is, jobs without health and retirement benefits. In the process of answering that question, we found that only 26 percent of older workers were employed steadily in traditional jobs…
