Why getting Dad to give up the keys hurts Mom

A study out of the University of Missouri found that even if just one member of a senior couple stops driving, both individuals suffer the consequences.  Because driving plays such a significant role in the American identity, the loss of independence can affect the emotional well-being of the non-driving partner.  According to the study, even…

Read more

Predicting health care costs in retirement

Health care expenses are a key component to retirement expenses, representing the second highest share of household expenses (behind housing costs).  When you are looking at expenses to determine whether you can afford to retire, a new report suggests that health care expenses break down into two categories.  The report, put out by the Employee…

Read more

Protecting your 401(k) from excessive costs

Many Americans focus their retirement savings plans almost exclusively upon their 401(k) plans through their employer.  But, high fees cost Americans tens of thousands of dollars over the course of their working lives.  Those plans have costs that are deducted from your investment each year.  According to online financial advisor, FutureAdvisor, a working couple could…

Read more

The 7 biggest estate planning mistakes

You probably know who you are going to leave Grandma’s pie plate to.  You might even have plans for the grandchildren to have the summer cabin.  But none of that matters if you haven’t take some proper steps to inform others of your intentions.  The number one reason that most people die without having proper…

Read more