In this news item courtesy of Red Orbit, Anna Rappaport, FSA, MAAA, chair of the Society of Actuaries' Committee on Post-Retirement Needs and Risks, takes a long, hard look at the concept of retirement. Spanning more years than it has in generations before, many are opting for staggered retirements, where they leave the working world over time and …
7 Money Saving Tips for Seniors
The rising cost of groceries, gas, medical care and other daily necessities are putting the squeeze on millions of people worldwide; seniors are one group that are being hit the hardest. With tight budgets and limited disposable income, it is difficult for many to make ends meet. A recent article indicates that 59% of available senior income is …
No Nonsense Look at Long Term Elderly Care
This video has some great information about financial issues from Kiplinger's Personal Finance. Though a few years older, it still holds some very important ideas that can help you as you decide if you should or should not buy long-term care insurance. Kiplinger's has long been a trusted resource for sound financial information. …
Financial Industry Changes to Help Aging in Place
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. The book will focus on adapting to the needs of Baby …
Having the Money Talk With Elderly Parents
Discussing your elderly parent's finances could be very sticky. Many older people see the area of finances as private; a place their children (adult or not) have no business being in. However, if you're caring for a family member aging in place, you're going to have to broach the subject now or later; and later is going to be a much more difficult …
Good Advice for Managing Elderly Finances
Sure, we've all been there: taking Mom to the doctor, running the kids here or there, planning meals, making calls to the doctor ... the unending list of 'to do' items. Things can go unnoticed or only get a cursory look. The Savvy Consumer has some great advice for being the best (most efficient, financially astute, etc.) consumer you can be. This …