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: 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...]

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...]

Visit your parents or risk being sued


It couldn’t happen here! That’s the comment we often hear when a new edict gets handed down from a country such as China. We often scoff at China and similar countries whose government control and draconian measures often reveal their inability to allow freedom and justice to prevail in creating a better society for its [Read More...]

Prepare your home for retirement

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Retiring requires much preparation. You need to ensure that you have your finances in order. You should have a plan to maintain your health and nurture your social networks. But have you ever thought that preparing for retirement also requires that you “ready your home” for your golden years? Well that was the great advice [Read More...]

Six vital questions to ask your parents

Senior couple meeting with agent

The holidays are coming to an end. A new year beckons. Resolutions will be made and broken. What does the new year hold for you? What does it hold for your family? If you’re a retiree or someone planning on retirement, the questions and concerns that you have about this upcoming year will be many. [Read More...]

Using HSAs to boost your retirement funds

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One of the benefits of the health care discussions of the last few years has been the integration of retirement planning with the need to make smart health-care choices. Besides the smartest health care decision that anyone can make — exercise and eat smart — the decision making process related to health care has become [Read More...]