Yes, it might seem crazy to start thinking about a possible future when you're infirmed and need long-term health care if you're only in your 50s. You're young, or relatively young, and healthy. But that's the point: You...
Don’t let the phrase “estate planning” mislead you. Estate planning is not reserved exclusively for the wealthy who own estates. Making a plan to protect your loved ones, as well as considering who should inherit what upon one’s passing, is a responsible move for everyone involved, and it’s never too soon to...
Alice and Mark drove John out to Worcester and dropped him off at his dorm. The college was about two hours from their home on Cape Cod. Once he was moved in, Alice gave him a tearful goodbye. Things seemed to be going well that first semester of college. They talked and...
In this country, there is a growing problem regarding a lack of supportive resources for family caregivers. There are government programs, charities and nonprofit organizations that might be able to help intermittently, but what caregivers often need most is sound advice, regular respite and an extra set of hands.
It seems like many people devote more time to planning a vacation, what car to buy or even where to eat dinner than they do deciding who will inherit their assets after they're gone. Sure, estate planning isn’t as fun to think about as booking a trip or checking out restaurant reviews....
by Barry J. Jacobs, AARP
Carol had a big heart — sometimes too big, she thought. She was glad to run errands for her unmarried 82-year-old aunt who suffered from Parkinson's disease. But then her...
Ashlea Ebeling, Senior Contributor, Personal Finance
If you’re laid off in the COVID-19 economy and you’re an older adult, you might be wondering: Am I going to have to take Social Security earlier than I planned? How much will that reduce my monthly benefits in the long run? What...
Upon the death of a family member or friend, there are many details to see to in a short time. The emotions surrounding the loss make level-headed decisions difficult, and, once the funeral is over, there are many financial and legal tasks that must be dealt with. A letter of instruction can...
by Kerry Hannon
Over the next several months, every company in America with workers who spend most of their time on a computer has a decision to make: Which of their employees — the vast majority of whom will have been successfully working from home since March — should...
Q: My mother named her financial adviser and his children as beneficiaries in her will. Is it legal for her attorney to allow this?
A: It is legal, but it raises red flags. In the United States, you can do whatever you want with your money: give it to...
