If you’re like many Americans, you get a look at the effect of our aging population right in your own family. Looking after graying parents and other loved ones can mean a rough transition and sometimes discussions on who will manage a charge’s welfare come too late. When and how should you start planning?
For aging baby boomers, a big question is: How to dispose of all my holdings to loved ones and others? This is not a simple question with a simple answer.
Our previous articles looked at the stress you might feel when you care for an aging parent or loved one and the insurance and documents you need to make your big job easier. In this last of our three pieces, we look at professionals who might be able to help you and kinds of assistance you can ask for.
If you care for an aging parent or relative, here are insurance and legal documents you the caregiver must consider.
Do you care for an elderly loved one? Despite how you probably feel frequently, you’re not alone: The aging of the U.S. population translated into almost 66 million people caring for a loved one just a few years ago. Even if swamped in looking after another person, you must look after your own finances, too.
When you file for Social Security, two provisions – file and suspend and restricted application filing – are likely to confuse you the most. They’re complicated yet potentially a big help if you want to maximize benefits. Here’s how to get the most out of your benefits.
After decades of hard work and saving, you finally enter your golden years. If you’re gearing up to retire this year, here are five tasks to keep in mind, from spending cash to spending time.
Health-care costs for seniors receive a lot of attention, but many people fail to consider other important aspects of elder care. Tackling difficult conversations about elder care now helps you make informed decisions about this unavoidable stage of life.
When signing up for Medicare at 65, you have to decide what type of coverage to buy. (No, Medicare is not free.) You need to determine your health-care needs and figure the costs into your retirement planning. Here’s a breakdown.
The health of an elderly parent falters and fails, a home for decades gives way to a hospital room and suddenly the longtime source of family unity and strength can’t even live alone anymore. That’s a family challenge that often sends adult children to a financial advisor for help.