It turns out as a surprise to some retirees but the withdrawals from a 401(k) are taxable. However, it is important to remember that the contributions are beneficial, because they lower...
The key to learning about the financial plans of your parents, is to ask for advice on your plans and then ask about their plans, according to
Because seniors are particularly vulnerable, they are at a higher risk of being exploited financially. When seniors are forced to manage their own retirement funds while coping with an array of health issues, the potential of being victimized by financial fraud is high. If you or a loved one has been the...
People are living longer today, giving them more time to enjoy their retirement years. Nonetheless, with aging comes challenges, not the least of which is declining health and medical conditions that may require long-term care. Given the high cost of medical care at home or in an assisted living facility, it is...
Sometimes even having a will is not enough.
Most people do not want their finances released to the public. However, if they are not careful with their estate plan, their financial world will become an open book, according to...
Despite strong efforts by scammers, it is still possible to stay safe.
We are all vulnerable to identity thieves but much of the action seems to focus against seniors, according to My Prime Time News in “Senior Identity Theft: How to...
On average, men need help for 2.2 years, while women need help for 3.7 years.
Many people will end up needing assistance to care for themselves, as they become elderly and that help may not be provided by their...
Don’t procrastinate on some of the larger issues in life.
It is often easy to become wrapped up in the day-to-day issues of everyday life. However, it is important to note that if you don’t plan on what will...
Tom has health care issues and Louise can no longer care for him.
Tom and Louise have been married for half a century and live in the same home they bought when first married. They are worried about possible...
Rights can become complicated, if there is no estate plan or will.
If you and your partner are an unmarried couple, there’s a good chance you are going to face some difficulties when it comes to medical decisions...
