Classic Residence by Hyatt is helping older adults and their families better understand why moving to a senior living community continues to be a smart and cost-effective choice—even in this challenging economic environment. The company, which has been agile in its response to the current market by rolling out more flexible pricing and move-in options at all of its communities, is debunking major myths about senior living and educating older adults as to why now is an ideal time to move into a community like Classic Residence by Hyatt.

Over the past 20 years, the 401(k) plan has gradually replaced the traditional pension plan as a primary source of retirement income for many American workers. This trend has shifted the responsibility for accumulating a source of retirement income from the employer to the employee.

As the costs of healthcare and gas rise, older Americans with limited income and resources also find themselves worrying about how they can afford their next meal.

"I have Medicare but I can't afford prescription coverage unless I take my money out of an annuity, which is supposed to cover the house payment when my husband's pension is gone. We also only eat two meals a day to conserve," a retired couple wrote to U.S. Sen. Bernie Sanders (D-VT).

Wealth alone is no guarantee of a secure retirement. It’s time to start thinking about what you’ll need.

Even if you are doing well, plentiful assets and a good income are probably not enough to get rid of your worries about retirement—at least not according to new studies of high net worth investors. Thousands of affluent boomers and Gen Xers studied by Wharton and State Street Global Advisors expressed fears about outlasting their money.

If you are like the vast majority of Americans, most of your retirement income will not come from your financial assets. But that doesn’t mean you can’t live well in retirement – if you recognize that there’s more to retirement planning than what’s in your investment portfolio.

Many health insurance experts share a belief that the majority of Americans would be unprepared if they were faced with a medical crisis that required long-term care.

And although many Americans, especially the aging baby boomer population, acknowledge they or a loved one may need long-term care, most remain unaware of how to prepare themselves. As a result, when a medical catastrophe occurs, many are forced to finance their care or spend down their assets to become eligible for Medicaid.

The 21st century offers new opportunities and compelling reasons for workers to achieve the American dream of financial independence in retirement. Fortunately, making that dream a reality got easier when President George W. Bush signed the Pension Protection Act of 2006 into law. This has enhanced the ability of millions of Americans to build wealth through retirement savings programs.

For many people, "personal budget" sounds like an avoidable phrase. But as gas prices, food costs and energy bills skyrocket, those Americans living paycheck-to-paycheck might find themselves in financial trouble.

Starting or readjusting a budget doesn't have to mean intensive labor or a bare-bones lifestyle. Beginning a budget simply requires paper and a pen.

(ARA) - In the past, it was somewhat common for a person to work the majority of his or her career at the same company, receiving health benefits the entire time. This often extended to retirement, when former employees and their families would continue to receive health insurance before they became eligible for Medicare coverage.

Women are at a much higher risk than men of facing economic uncertainty in retirement and, on average, they'll enter retirement with considerably less savings than men. Women face these unique challenges because they spend fewer years in the workforce, earn less income and have longer life spans than men, according to a report released today entitled, The Female Factor 2008: Why Women are at Greater Financial Risk in Retirement.