“For aging baby boomers, planning for long-term-care costs becomes more pressing every day. But the insurance that helps cover those costs is surging in price, while the benefits are becoming skimpier,” Eleanor Laise comments in Kiplinger’s Retirement Report. It’s...
With the halfway mark of 2018 behind us, it might be appropriate to direct some thought towards calendar-sensitive estate planning and tax planning topics. (Last week in our blog we covered donating Required Minimum Distributions from IRA accounts to charity, noting...
Pet owners are turning to their financial advisors for guidance, Margarida Correla reports in financial-planning.com. Most of the upswing, Correla notes, is coming from young, single individuals who have not yet settled down but who are committed to their pets and...
“The HECM is a safe plan that can give older Americans greater financial security,” is the way Ben Carson, U.S. Housing and Urban Development Secretary puts it. Carson is referring to reverse mortgages, which allow seniors aged 62 and older to access some of the...
You might be responsible for your spouse’s medical bills even if you didn’t sign a thing, writes Mark Cappel in bills.com. It’s called the Doctrine of Necessaries Rule. In Indiana, a spouse can be obligated to pay for medical care received by the other spouse if the...
“As baby boomers grow older, the volume of unwanted keepsakes and family heirlooms is poised to grow – along with the number of delicate conversations about what to do with them…As these waves of older adults start moving to smaller dwellings…they and their kin will...
“Once you see the effect it can have, you’ll most likely make it a mandatory part of every first meeting with a prospect,” writes Dave Zoller in the Journal of Financial Planning, referring to what he has come to call “the magic question”. The great thing about the...
“While you may think that estate planning only applies to wealthy individuals with millions in assets who live on, well, estates…think again,” is the advice from LearnVest appearing in Forbes a few years back Even though estate planning relates to incapacitation or...
“Companies Need to Care for Their Caregivers” is the headline of an article in a recent issue of the AARP Bulletin. Employers need to create caregiver-friendly workplaces, is the concept, and to that end, AARP has teamed up with the Northeast Business Group on Health...
“There’s a fine line between caring and controlling – but older adults and their grown children often disagree on where it is,” writes Claire Berman in the Atlantic. In the course of researching for a book about caring for aging parents, Berman interviewed...
