Many in their 50s and older are thinking about gifting money to their adult children. Many are unsure if they can afford to do so. That’s because the real question they are asking is whether they have saved enough for themselves in retirement. An article I read on marketwatch.com really zones in on this thorny… Read More »
Posts By Author: adminPage 19
Estate Planning Nightmares To Avoid
When it comes to estate planning, there are some big mistakes that you should take pains to avoid. Problems can begin when parents and their offspring haven’t talked about the subject. And even when they do, they often don’t get into the proper level of detail. There can be hurt feelings and misunderstandings as children… Read More »
Consider a MOLST form
Many of us have signed a health care proxy form — a legal document in which we appoint someone to make medical decisions for us if we become incapacitated. But in Massachusetts, and in many other states, there is another form we may want to sign. It is called a MOLST (Medical Order for Life-Sustaining… Read More »
When Your Parents Lose Their Independence
Moving is always a stressful experience. But for an elderly person who may be forced to give up his or her home — and possibly independence — it can be downright traumatic. However, an article I read last week in the Wall Street Journal on line offered some tips on how the transition can be… Read More »
Williams Took Care Of His Kids
It seems nobody can resist reading the juicy details of the life and death of a beloved celebrity and I am no different. But some of the stories are simply salacious, while others are instructive. This one I found on Yahoo Finance fits into the latter category. According to the story, the actor and comedian… Read More »
Estate Planning With A Second Family In Mind
More and more people are getting married a second time and find themselves with two families. Estate planning for one family is hard enough, but it can be quite complex if you have a second one to provide for. That’s why I thought it would be helpful for me to post this article I found… Read More »
Get Your Estate Plan Right
A column I came across in the Wall Street Journal the other day got right to the point when it comes to estate planning. Start out by making a will. The column quotes a financial advisor from Illinois who says he has clients in their 40s and 50s who have never done a will. But… Read More »
Actor Hoffman Made Mistakes With His Will
I came across an interesting article recently about the actor Phillip Seymour Hoffman and how he made numerous mistakes in his estate planning that are going to impact his partner and kids. I thought his story could serve as a cautionary tale. Hoffman, who died of a drug overdose earlier this year, supposedly did not… Read More »
Caring For Spouse Tougher Than Caring For Parent
This blog post is one that many of us in a certain age group will find hits close to home. I found this article on dailyfinance.com and it talks about the difficulties we encounter when caring for an ill parent or an ill spouse. Many of us are finding that we have responsibilities for caring… Read More »
Boomers Should Be Saving
I recently came across an article on AARP.com that I thought would be important for baby boomers to read. The message: keep saving for retirement. The article noted that many people who could be saving are not doing so. One study cited in the article showed only one-third of people aged 50 and older have… Read More »