The coming ‘tsunami of poverty’ for retirees — and what to do about it – Marketwatch doesn’t mention that never-popular strategy of reducing your spending! Not so easy to separate wants and needs, especially when cash flow and discretionary income is reduced.
Here’s how to help an elderly loved one who can no longer manage money or finances.
Banks are mandated reporters. Some of the statistics in this piece are sobering. Family members need to stay involved and be observant.
It was late October when the call came in to the Pima County Sheriff’s Department. The staff at the Green Valley branch of Washington Federal bank needed help. An elderly…
The transition into retirement can be scary, and retirees are more cautious than they appear. “Not being the worker anymore might be more of a call to action to manage money better…”
This is an informative article, and an often neglected project among seniors. (It isn’t my intention to promote TDAmeritrade.)
Learn why estate plans aren’t just for the wealthy, and what you can do to protect yourself and your loved ones.
As it is now, most people providing financial advice are not always required to do what’s best for you and your financial future.
Are you considering a second-act business when you leave your career job? Look no further than your own age group for customers.
This is a “must read” – Sobering data on usage, cost, insurance products, and the toll on unpaid caregivers. Author Christine Benz is Morningstar’s director of personal finance, a very credible source.
A million dollars—it has a nice ring to it. But as Dr. Evil learned after spending 30 years cryogenically preserved, it may not be enough—for many people, certainly not enough to comfortably retire on, depending on where and how long they live.
For those of us living in California, not great news! Some solutions are to continue working longer, watch your spending, or relocate to a state with a lower cost of living.
Good advice – don’t wait for a crisis…if there are warning signs of cognitive decline, now is the time to provide or seek support.
No matter how accomplished and experienced your aging parent may be, he or she is still susceptible to cognitive decline with age. Monitoring your aging loved one’s finances can prevent losses, protect your inheritance and keep elders from becoming overwhelmed with management responsibilities.