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THANK YOU AARP FOR DOING THIS ARTICLE AND HATS OFF TO THESE PARENTS ??? For hundreds of thousands of retirees, focus on caring for kids ‘is just life’. By Jon Marcus, AARP. Published March...
Today, we are answering your questions from email and social media. We discuss what happens inside a 401(k) or 403(b) if you change your type of contribution, how to know if you have a good CPA, what ...
Estate planning includes appointing a power of attorney for finances. But when POA action is needed, some aging parents resist. Know your options if it happens to you....
Financial advisors who help us manage wealth may not be fully informed about financial elder abuse. They need to know how to spot the red flags. Our checklist can assist....
When I was a young woman, and my parents and grandparents were still alive, I could never figure out what to give them for holidays and special occasions. "Not another sweater," they would say to me. ...
Valentines Day brings up the subject of romance for those who are alone. When aging parents seek companionship online, risks of scams are there. You can help....
Life of the Newly Retired – I may be turning into fodder for the Progressive commercial about your parents. I was “retired” by virtue of a RIF at the beginning of this year, so while...
Parents can now convert their child’s favorite college savings tool into a retirement savings tool. The question many people are asking is “How do you do it?”...
Chronic debilitating pain can make aging parents fall for fake treatments and false promises of relief. Learn from this example of how an aging parent got tricked....
Trying to get financial control over an impaired aging parent's finances can be highly frustrating. Learn what to do as an appointed agent with power of attorney....
Loneliness, social isolation, anxiety and depression are widespread among aging parents. Family can help. Learn steps to take with aging loved ones....
My wife and I manage the finances for her mother/father. They are 92 and in declining health. We're spending about $13,500 / month (minus $5K LTC insurance) on assisted living and memory care. Money, ...
Retired parents who have a child with a disability say the income they and their children receive from Social Security is critical to their survival. Yet, for some, it still falls short of what they n...
There are few things more taboo than talking about money and death. But, if you are a parent approaching retirement, it is imperative to have the aging parent money talk with your adult children. Unfo...
It’s that time of year when online shopping increases as families buy their holiday gifts online. Fake shipping message are a way to steal personal information....
I’m just getting started with retirement at 67, but it’s pretty low key. Working a part time job for fun, something not very taxing and that gets me out of the house. Other than that, it&r...
I spent the first decade of my adult life wandering through the wilderness when it came to personal finance. Then I got a wake up call. We were going to be parents. This sent me down a rabbit hole whe...
You know, prior to having a kid, I never understood parents’ burning desire to get out of the house and have adult conversations. But now that I have one, I totally get it. Your entire day just ...
Tech makes it easy to keep in touch but it may not be good for them — or you...
If you’re a retiree or close to retiring, you probably have a paid-off principal residence, or should be close to having one. However, many retirees—including me—have grown children ...
Stereotypes about aging parents can cause us to assume that they can't make any good decisions. Some impaired elders can still express preferences well and they need to be heard. Families may not alwa...
I have made an informal study of my widowed mother in law (funeral was yesterday - she was 93) and my own parents (dad and mom/ 88 - dad died last October) and compare their retirement years for my ow...
How long we live, and how healthy we are, depends partly on the lottery of birth -- how healthy our parents were and how long they lived. We're winners if we drew the longevity card from our parents, ...
Paying for college is expensive, which is why college financial planning should really begin as soon as each child is born. But, let’s be honest. Sometimes life gets in the way, and, before you ...
Having legal documents in order and planning for the cost of care will help make an already difficult time a little bit easier to handle....
When I was six years old my parents declared bankruptcy. Within a year they were divorced. They met while working at McDonald's as teenagers. He was a cook and she worked the drive-thru. Neither of th...