Over the past several decades, baby boomers and their parents have amassed a considerable amount of wealth. That wealth is now beginning to pass to Generation X and millennials. According to a new report, about 1.2 million individuals, each with…
Americans want to live longer, healthier lives, but here’s the problem: while we’re living more years overall, many of those extra years are spent dealing with long-term illness and physical decline. One scientifically backed way to improve overall health and…
Benjamin Franklin was many things: a Founding Father, writer, scientist, inventor, diplomat, printer, publisher, businessman, and political theorist. Yet one of his more impressive legacies — Franklin the philanthropist — is often overlooked. The man who gave us bifocals, the…
Many people create revocable living trusts as part of their estate plan to manage their accounts and property smoothly, avoid the court process known as probate, and make life easier for their loved ones. While the grantor (the person who…
The recent disappearance of Nancy Guthrie from her home in Catalina Foothills, Arizona, has highlighted the difficult balancing act many families face: older adults’ strong desire to remain in their own homes and their adult children’s equally strong desire to…
Though many Americans have adequate retirement savings, many others plan to work longer – or feel they cannot stop working – simply to afford retirement. However, about 40 percent of workers will have to quit their jobs earlier than expected…
The superrich call them “trust reveals” — meticulously planned events where the next generation learns who inherits the ski lodge … or the money needed to buy and board horses. According to a recent article in the Wall Street Journal,…
As of the 2025 tax year, many older Americans may realize a new tax benefit thanks to a provision in the One Big Beautiful Bill Act. The law, signed in July 2025, created a new annual tax deduction of up…
The estate tax gets many headlines and was a focal point in recent negotiations over President Trump’s One Big Beautiful Bill Act (OBBBA). But if you plan to leave property to a grandchild, there’s another tax you should know about…
According to U.S. Census Bureau estimates, the number of Americans age 65 and older will increase to 82 million seniors by 2050. As the population of older adults in the United States rises, so will the need for long-term care.…