We found a recent article on the website www.grandparents.com that addresses a very challenging issue many of our clients are facing: how to help aging parents downsize their home and lifestyle. From both an emotional and practical standpoint this could be one of the most difficult things an adult child will ever do. That’s because…
As we advise our clients, one key to maintaining your independence – and to avoid becoming a burden to your loved ones as you age – is to decide wisely when it comes to your housing options. Deciding where and how you’ll live in retirement is one of the most important choices you will make.…
One of the oldest quarterbacks in the NFL, New England Patriot Tom Brady (age 38), is still one of the best in the game. What’s his secret? Well, he probably has more than one, but lately a lot of attention has been paid to Brady’s unusually strict diet – an anti-inflammatory diet that some writers…
According to a very recent survey, tens of millions of Americans – including both the uninsured and those with insurance – face severe financial hardship each year due to medical bills. This survey, conducted by the New York Times and the Kaiser Family Foundation, was summarized in an eye-opening article we found on the blog…
It happens all too often, even in families with little history of bickering: arguments can erupt between adult siblings over the care of an aging Mom or Dad. Sometimes these fights become years-long feuds, even ending up in court. When that happens, everyone loses, and family bonds can be stretched past the breaking point. We…
Whenever we sit down with clients to plan for their retirement, it’s always interesting finding out their answer to a simple question: “How long do you expect to live?” Clearly none of us knows the future, but the predicted answer to this simple question carries a lot of weight. That’s because a critical aspect of…
One of the most important choices a retiree must make is where he or she will live. Choosing the right housing option among the growing number of choices available can be a daunting task! How do you find the right balance of affordability, appropriate care, adequate resources and appealing quality of life? Maybe you’re starting…
Reverse mortgages are on the rise once again. One industry news source reported that the number of reverse mortgages, also known as HECM for Home Equity Conversion Mortgages, jumped more than 6.6% in 2015, after declining somewhat in 2014. These financial instruments allow qualifying borrowers aged 62 or older to tap into the equity in…
When it comes to popular experts on financial planning, few names carry more familiarity – and more weight – than Jane Bryant Quinn. She has been a nationally syndicated columnist on financial matters for decades, writing in Newsweek and the Washington Post. She produces a regular column on finance for the AARP and has her…
If you’re caring for an aging parent or parents, chances are almost 100% that you’ve either had to deal with Mom or Dad’s stubbornness, or you will someday. None of us wants to be a burden to our loved ones. But as our parents age, their physical frailty and possible loss of mental acuity put…
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