As you may know, most seniors who are aging in place need more money to live comfortably through their golden years. This is especially true when faced with unforeseen expenses such as assisted living and long-term care. The urgency of finding a significant amount of money quickly exacerbates an already stressful, emotional situation. For these seniors, the options can be bleak. The answer, a Life Settlement.

by: Jeff Helms, CFA

Over the next twenty years, roughly 79 million Americans will cross the threshold to retirement, joining the millions of folks that are already retired. Welcome to what we call “Generation R”. The Retirement Generation.

In my years of retirement research, I’ve identified five common risks that all retirees face. These are detailed in my new book, “Generation R: A Retirement Nation at Risk.” Several of these risks defy conventional retirement wisdom, so pay attention. It’s important that current and future retirees take heed.

Often adult children have no idea the state of their parents financial affairs. Talk openly with your parents before they are in a serious economic situation.

Americans age 55+ have experienced the sharpest percentage increase in bankruptcy filings of any group since 1991; nearly 22% of the total filings in 2007.

Many people are looking to squeeze every ounce of buying power they can from their money. With the economy the way that it is, here are a few tips for doing just that and save a little for yourself.

How financially prepared are you for retirement? Knowing your retirement plan intimately can go a long way towards minimizing any ‘gotchas’.

Rising living costs, including medical care and consumer goods, are culprits in the increase of senior bankruptcy filings.

The rising cost of groceries, gas, medical care and other necessities are making it difficult to make ends meet. Here are 7 tips to ease the those tight budgets.

A Kiplinger video with some great information about the financial issues one may encounter in a long term care situation and how they may be dealt with.

In an attempt to be more sensitive and accommodating to those that are aging in place, members of the financial planning industry have teamed up with AARP to compile and distribute a handbook geared towards assiting those in the financial planning industry serve their elderly clients better.