Have you noticed your loved one is struggling to pay the bills? Does a checkbook appear unbalanced? Are bills being paid late? Although you may not be involved with the day-to-day financial management of an elder’s life, it is important to pay attention to money. Why? These financial miscues could be red flags for other problems.
August 15th, 2011 at 11:10 am
August 8th, 2011 at 9:50 am
Saving for retirement was fairly painless when I was married. My husband worked for the state and money was automatically put aside for retirement as one of his benefits as a physician. The only pinch was putting money into my own SEP IRA according to my freelance writer income at the end of the year. Furthermore, my husband had been investing separate retirement funds accumulated from outside the state retirement system and those investments had done well.
Then came our divorce after 33 years of marriage.
June 30th, 2011 at 5:38 pm
It is not unusual for a health care professional to come across a situation where a patient may have a durable power attorney for both health care and financial matters, but not an advance care directive. In other situations, those documents may be in place, but have not been updated which can complicate situations in the event of a medical crisis.
June 29th, 2011 at 8:16 am
Are you ready to support your aging parents? If you are, there are things you need to be looking at sooner, rather than later. One primary area of concern? Long-term care insurance. Do your parents already have a long-term care insurance policy? What will it mean to you and your parents financially, if they do not have a long-term care insurance policy? The shortfall in long-term nursing care has to come from somewhere. Out-of-pocket costs can be unsettling and continue to increase each year.
October 25th, 2010 at 9:18 pm
My mom practices a frugality that my sons will never understand. There’s just too big of a generational gap between the circumstances of how my sons are being raised and the dire financial situation into which my mother was born. Thanks to the work ethic I inherited from my mom and a college degree, the boys’ have always known a life of small luxuries. There’s always been enough money to take a surprise trip to McDonald’s for lunch, or to catch a movie here and there or even to buy a video game system.