Tag: financial planning
Why Senior Student Loan Debt Is More Complicated
With more sources of debt and fewer repayment options, seniors are now the fastest-growing age group for student loan debt. We’ve all heard about the dire straits today’s college students face upon graduation: tens of thousands of dollars in student loan debt that they may never be able to fully repay. But what about senior…
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Why Women Need to Plan for Long Term Senior Care
Women live longer, and that means women will have more years of retirement to pay for—in many cases, living on their own or in long-term care. So why are women less likely to have a financial plan, and what can we do about it? Planning for a Long, Long, Long Life Planning for retirement isn’t…
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5 Ways to Break the Rules of Retirement Planning
We all want our loved ones to be financially stable in retirement. But some of the conventional wisdom about retirement planning could be just plain wrong. There’s no shortage of articles touting the “rules” for guaranteeing a perfect retirement. But as the ins and outs of financial planning become increasingly complex, it might not be…
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10 Essential Questions to Ask Your Aging Parents
You can’t predict when something might happen to your aging parent. Whether an unexpected illness leads to a hospitalization, or a fall requires rehabilitation at a nursing home; in these instances it’s vital that your parents have their essential legal documents in order so that you have a good picture of their state of affairs….
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5 Tips to Help You Plan and Finance Your Aging Parents’ Elder Care Costs
The “Silver Tsunami” is leaving many families unprepared for the financial burden of financing their parents’ senior living and care, according to NPR. With a depressed economy in tandem with aging baby boomers and expensive elder care costs, the nation needs to start planning. It seems natural for the flow of wealth to go from…
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