Financial Planning
6 Tough Money Choices For Millennials — And How To Make Them
Forbes contributor Maggie McGrath covers the basics (credit v. debit, rent v. buy, debt repayment v. retirement savings) and emphasizes how significantly these early choices can set the stage for long-term life satisfaction.
Got a 401k? A Guide for New Retirees
Squared Away lists the basics for anyone making their first decisions about when to retire and how to fund their retirement.
Dementia Prevention
At a recent Alzheimer’s conference, French researchers shared results concluding that delaying retirement provides the type of mental stimulation that can ward off dementia.
More Carrying Debt into Retirement
Squared Away reports on research by the Urban Institute which hows the share of older people in debt has increased across all income levels and links that increase to major life decisions such as continuing to work past traditional retirement age.
Nearly Retired, Lugging a Mortgage
Squared Away reports on the growing numbers of baby boomers entering retirement with mortgages, low savings and houses worth less than what is owned on home loans.
Social Security Claiming and Psychology
An extensive survey of several thousand middle-aged worked sheds light into the psychological factors that determine which individuals are most likely to file early for social security benefits.
Suze Orman’s Advice On Managing Long-Term Care Costs
Forbes recaps advice from Suze Orman on financing long-term care: only buy a policy that you can afford, that includes annual inflation adjustments, and that minimizes the number of care days that must be paid out-of-pocket before the policy takes effect.
Hiring Help For Aging Parents? Read This First
Forbes looks at the new Department of Labor regulations for home care workers and their implications for families that rely on the companionship services exemption to pay less than minimum wage.
Your Kids’ Needs Or Your Own: What Takes More Financial Priority?
Learnvest contributor Libby Kane suggests that a continually funded, largely undisturbed retirement account, a six month emergency fund and paying off high interest debt should all take precedence over being a financial resource for your children. She points out that being an emotional resource is far more important than being a financial one.
4 Financial Issues You Need To Discuss With Aging Parents
Carolyn Rosenblatt of AgingParents.com suggests talking to your parents without delay about four key topics: estate plans, healthcare insurance, income and debt, and financial records.
