The Benefits of Living With Your Retirement Bestie

Email not displaying correctly? View it in your browser.

These days, roommates aren’t just for college students or recent grads. Increasingly, older adults are also sharing their homes with people they’re not related to. While financial concerns typically motivate the move, companionship often follows. Today’s featured story profiles four women who bought and renovated a house together in Ontario, Canada. Their neighbors call them the “Golden Girls” of Port Perry, and there’s a lot to love about their story. One of my favorite parts is the proactive approach that the organizer, a widow, took to planning for her older age. Many of us prefer to sidestep the likelihood that we will need help eventually. While this impulse is understandable, the irony is that talking about future infirmity, and planning for it, often leads to better outcomes. “If you recognize it’s going to happen anyhow, then take control,” says Louise Bardswich, 67, the organizer. Learn how she did just that in today’s edition.

Best wishes,

Elizabeth

P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don’t miss the next issue. To listen on podcast platforms or smart speakers, see here. Retire with Money is presented by Athene.

TIMELY RETIREMENT NEWS, INSIGHTS AND ADVICE

These Real-Life ‘Golden Girls’ Moved in Together in Their 60s. Here’s How They Make it Work

"The rule is you never get to say 'that's my yogurt.'"

The Biggest Mistake Parents Make When Paying for College, According to a Financial Planning Expert

This author is "really worried."

A Hospital Charged This Soccer Player $829 for a Knee Brace. It Costs Less Than $250 Online

The price of a brace brought this soccer player to his knees.

READER INSIGHTS

I’m going to give one last plug for this great opportunity for readers in the Mid-Atlantic and Northeast Regions! Do you have a major life event coming up? (*Ahem*, are you nearing retirement?) Stressed about a tough money problem?

If that sounds like you, MONEY wants to help. We’re looking for people who are interested in appearing on camera for a new financial series we’re hosting, where we engage financial coaches to help solve your most daunting money issues.

If you’re interested in learning more, please contact our senior video producer, Mercedes Barba, at mercedes.barba@moneymail.com. Thank you!

RETIREMENT NEWS FROM AROUND THE WEB

Two-Income Couples Are Surprisingly Unprepared for Retirement. Here’s Why

Often, only one of them is actually saving. MARKETWATCH

The New Politics of the Retirement Crisis

Retirement security is emerging as an issue in the 2020 presidential race. THE NEW REPUBLIC

5 Times it Pays to Take a Pay Cut

Salaries peak at about 40 for women and 50 for men, but when does it make sense to actually accept a lower offer? CONSIDERABLE

More Older Women Are Returning to the Workforce--Here's Why

The number of working women over 55 has risen 4% percent over the past year, compared with a 2% percent increase in employment for all women. USA TODAY

ABOUT ELIZABETH

Elizabeth O'Brien is a senior writer at MONEY, covering retirement and health care. You can email her at elizabeth.o'brien@moneymail.com and follow her on Twitter at @elizobrien.

To Unsubscribe
You have received this e-mail because you are subscribed to this newsletter from MONEY.com. Unsubscribe here.

Update Email
Click here to update your email address.

Privacy Policy
Please read our Privacy Policy.

MONEY may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.

For Further Communication
Please email retirewithmoney@moneymail.com

Money Customer Service
3000 University Center Drive
Tampa, FL 33612-6408

Connect with Money