3 Vexing Money Matters for Retirees
Reverse mortgages, credit snafus, and financial scams are especially troublesome for the retired, says contributor John Wasik.
Every day, little money annoyances creep up on us. Perhaps it's a mystery charge on a credit card statement. Or late fees and other obnoxious charges that we were unaware of (or had forgotten about). Most of those little things can be fixed fairly easily.
But as you get older, financial matters--and therefore, financial complications--get more complex. The top complaints that regulators receive from retirees concern credit products and billing practices. Anything to do with borrowing money can get complicated, too, particularly when it comes to the terms of credit agreements.