Like any tough topic for families, listening without being judgmental is a big part of a success. It is also important to remember that your parents have worked hard to earn their retirement. Respect that. Discussing retirement and estate planning…
Not having an estate plan in place, makes seniors vulnerable to financial elder abuse. Are you among the 60% of Americans 60 years old and older who don’t have estate planning documents in place, or the 40% who understand how…
Your golden years might be three decades long, so planning your retirement and income has to match up with a longer and more active lifestyle. Today’s retirement could last two or three decades, as people stay healthier and live longer,…
A radio personality in her own right, Kerri Kasem and her siblings were kept away from their famous father at the end of his life. That experience led them to fight for change, and to create a law that has…
Parents of special needs children must plan carefully for their children’s lives, after the parents are gone. If there is an inheritance in the future, means-tested benefits could be lost, unless proper planning takes place. Parents who have devoted their…
Decisions about annuities need to take into consideration the possibility that you or your spouse may need long-term care. Some annuities may be helpful, but others could make you ineligible for Medicaid. Proceed with caution. If a financial advisor is…
If you’ve been asked to serve as an executor of an estate, it will be important for you to understand your responsibilities. It is both an honor to be asked to carry out your family member or friend’s final wishes,…
Having a college or advanced degree provides advantages in the workplace and a big boost, when it comes to retirement finances as well. A prosperous retirement doesn’t always follow a prosperous work life, but let’s face it, it doesn’t hurt!…
As much as people want a set formula or equation, there is no one single answer. The key: look at the bigger retirement picture and be fully informed before making a decision. There’s a refreshingly realistic approach in Kiplinger’s recent…
Your attempts to discuss estate planning with your aging parents failed and now both parents have passed away. There’s a big mess to sort out. What should you do now? The first thing you’ll need to do is launch an…