Category: Retirement Planning
To grasp the importance of planning for the distribution of your worldly goods, consider all the things that influence what happens to them. An Estate Plan is a form of defense for your estate. But you also need to defend that plan against future influences. A recent Kiplinger’s Personal Finance article, titled “Forces That Affect […]
The law is aimed at protecting people 70 and older who are victims of financial abuse. People convicted of large-scale abuse could be sentenced to more than 40 years in prison. Kansas recently passed a new Elder Abuse Law for victims of financial abuse that are age 70 or older. If offenders are convicted of […]
Federally insured reverse mortgages, issued under the Home Equity Conversion Mortgage program, are a way for homeowners 62 and older to borrow money using their home equity as collateral. Reverse mortgages can be costly, but are (in some cases) the only option for older homeowners without cash and who have mounting health care expenses. A recent […]
There is no question that most of the burden falls on women for the physical and financial impacts of caregiving. As parents live longer, more women are feeling the crunch. Who do you think is depended upon more for taking care of elderly parents — men or women? A recent article in Forbes stated that […]
Instead of flat out asking them to tell you about their personal information, it can work better to talk about emergency preparedness instead. When a natural disaster strikes, it can prompt many “what if” conversations. What if that were to happen to us? What if that were to happen to our family? These events be […]
Elder planning deals with protecting assets while you’re still alive and perhaps unable to make good decisions. Having someone who is suffering from Alzheimer’s and unable to make decisions is like a living death, for all parties. Much of our planning is done for the unknown. We don’t know what lies ahead, so having a […]
Rooney helped draw attention to the hidden and underreported crimes associated with elder abuse through his unique role as a high-profile and victim of abuse while still retaining a clear ability to testify and completely comprehend his affairs. With a career of more than 300 films, Mickey Rooney’s biggest role may have been when he […]
While my mother never ran a retirement calculator or created a formal retirement plan, she incorporated her individual longevity expectations into her retirement thinking. She enjoyed working past 65 and was also aiming to fortify her finances for what she logically expected would be a long retirement, given her good health and matrilineage. A recent study in […]
Think you know enough about Social Security to make the best decision about when to claim your benefits? The catch is, when the same folks took an eight question quiz about crucial Social Security rules, just 5% got all the answers right. Did you know that only about a quarter of workers age 55 and older are […]
