The Talk: Having purpose in retirement


A recent study by Fidelity found that ” sixty-five percent of adult children and parents agree that discussing retirement readiness is an important topic, but 72 percent disagree on the level of detail that has been covered to date; and only 11 percent of children believe the conversations were very detailed .” One thing I’ve learned in my work [Read More…]

5 critical health questions to ask parents


Having “the talk” with your parents about retirement and aging usually finds people primarily focusing on the financial aspects such as wills, estates, and financial considerations for care in one’s later years. If you’ve gotten through that part of “the talk” congratulations! However, “the talk” has a number of parts to it and what is [Read More…]

The Talk: Leaving a legacy in retirement


In the process of writing my book, “Having “The Talk”: The Four Keys to Your Parents’ Safe Retirement,” I’ve found that one of the ways that adult children can connect with their retiring or retired parents is to view the process of creating a legacy for them as a very fulfilling project that can be jointly undertaken. [Read More…]

The Talk: Secret to a longer retirement


As you know from reading my books and my recent series here on “The Talk” between adult children and their parents, I believe that there are “Four Keys” to living a long and safe retirement. Obviously all retirements depend upon having a solid financial foundation and fortunately there are many resources (including writers on this site and working with [Read More…]

The Talk: Social networking vital for retirees


The fourth key aspect of “the talk” and having a safe and long retirement is the need to stay involved. The building and nurturing of a strong social network for retirees is vital to their own longevity and their ability to weather the storms that will occur with later life. For the adult child of a retired [Read More…]

The Talk: Danger signs for elderly investors


Adult children of retirees and pre-retirees need to speak with their parents earlier, rather than later, about retirement and the need to address financial and life matters. That’s the major take-away of my book, “Having The Talk: The Four Keys to Your Parents’ Safe Retirement.” It’s a difficult discussion to have and that’s why most [Read More…]

Time to stop procrastinating on long-term care

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Mike Padawer writes in his new book, “What’s the Deal with Long-Term Care“, the following: ” The reality is that the longer you live, the greater the likelihood is that you will require long-term care services. The costs associated with needing long-term care are significant, and while it can take decades to accumulate the assets you’ll [Read More…]

Long-term care planning too often ignored

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In business, partners must protect themselves from the financial ramifications that a significant health or lifestyle change of a partner can have on the other. To protect themselves, business owners form a “buy/sell agreement” as a kind of “insurance” against these events, which cannot only place a significant burden on one partner, but can cripple [Read More…]

For long-term care, you’re on your own


The early discussions and battles around the Affordable Care Act now seem like ancient history. Yet there was one part of that act that was a “key priority” of the late Senator Edward Kennedy. This provision, which was actually enacted as part of the ACA and was a federal law, would have created a voluntary and [Read More…]

How to live to 100 — but can you afford it?


In my past life as a financial adviser, I once had a very wealthy client who had a simple plan that he wanted me to execute: provide him enough retirement income so that when he reached his 100th birthday, his account would be zero. I remember going back to him and telling him that with [Read More…]