It's an unfortunate truth that as we get older, our healthcare expenses generally increase—often, by a drastic amount. Unless you're one of those rare people who live to 100 having never visited a doctor, once you hit retirement age you'll want to make sure you have some money stashed away for that health-related rainy day. […]
As our loved ones age, there are certain eventualities that most of us expect to have to prepare for. We know that our parents’ health may deteriorate. We know that they may end up needing long-term care. And we know that whatever their condition may be, they will go through major life changes like retirement […]
Every financial planner knows that as one ages, financial priorities evolve. Where once the most important thing for a client might have been maximizing stock market returns, now as she’s gotten older, it’s maintaining her quality of life in retirement. For another client, the priority may have been sending his children to college without accruing […]
When it comes to great websites to spend a few minutes—or hours—on, you can’t do better than TED.com. With thousands of TED Talks all free to watch, the site gives you the ability to learn about the future of robotics, how people with autism see the world differently, how body language shapes our destiny, and […]
No one likes to think about moving his or her mom or dad into an assisted living facility, but sometimes, if living at home has become unsafe, it’s the only option. Deciding to move your parent into a facility can be one of the most difficult decisions you’ll ever make - but of course, it’s […]
When you’re living on your retirement savings, any opportunity to reduce unnecessary expenses is welcome. There are lots of ways people go about this. Many sell a house that’s become too big and expensive to maintain, and move into a smaller condo or townhouse. Some people find they no longer need more than one car, […]
Every con artist knows that their victims are more easily manipulated when their emotions are running high. That could mean getting a victim overly excited by promising easy money, or falsely offering a coveted item at an incredibly low price. It could even mean stoking someone’s anger by making them feel they’ve missed out on […]
As our parents age, we find ourselves having to have all kinds of conversations with them on topics we’d rather not discuss. There’s the “How are you financially?” talk, the “What do I do when you die?” talk, and, just as unpleasant, the “I think it’s time to consider moving” talk. For seniors who have […]
Retirement today is a lot different from what it used to be. Now that people are living longer and staying healthier as they age, people who retire at age 65 may be looking at spending the next 30 years of their lives in retirement. And for many, that’s just a bit too much golf and […]
Although life settlements are quickly becoming a more mainstream alternative for both institutional investors and seniors, the majority of seniors who lapse their life insurance policies are not aware that selling their policy on the Secondary Market is an option. According to a recent survey, out of 604 seniors surveyed, 86 percent did not know […]
