When your aging parent is no longer able to keep track of bills, investments and money management, someone else must step in. Often the parent has appointed an adult child or other relative to do the job. 3 mistakes to avoid Mistake #1: Failure to communicate. Most...
There are now more than 70 million Baby Boomers in the U.S. Yet, millions of adult children may not be prepared to make important decisions about their parents’ future because of a lack of knowledge about their parents’ finances. While people in their 40s and 50s...
The older we get, the more important it is that we develop healthy and sound financial practices. Over 25 million Americans over the age of 60 are economically insecure. Meaning they live at or below 250% of the federal poverty level. This means that millions of...
It’s no fun to go into the holidays when you’re already in debt. It’s even possible to come out of the holidays in better financial shape if you stick to a few strategies. 1. Create a Holiday Budget Decide how much you can spend overall and...
What to Tell Your Aging Parents About Debt Retirement can be an [ideal] time or a struggle depending on how well you’ve prepared. Four in five households approaching retirement hold debt, a ratio that has remained steady for several decades. Debt forces a growing...
Take control of all debt When becoming more aware of your finances after separations, it is normal to be tight on money. However, don’t ignore the debt problem. Here are some tips to overcoming debt after your...
