Do your mom & dad have enough money to last through retirement? Many children are worried that due to market losses over the past few years, their parents may not have enough to live comfortably through their “golden years”. Does this mean that son’s & daughters will need to pitch in to keep them afloat? How…
Category Archives: Financial Advice
Beware Annuity Sharks?
The March 22, 2009 edition of The Columbus Dispatch advised “Advice for Elderly Beware Annuity Sharks“. This article, written by Steve Wartenberg, told the story of a blind woman with dementia who had just moved into a nursing home. With all of these health issues going on, she was advised to cash in her current…
Ways To Help Your Aging Relative With Their Finances
Sometimes aging loved ones need a little help managing their money. Many times they don’t need everything handled for them, but a little guidance or a review is helpful. In my prior post, Help Your Aging Relatives With Their Finances, some of the warning signs of financial meltdown were discussed, along with the need to…
Help Your Aging Relatives With Their Finances
Keeping an eyes on your elderly relatives may provide signs that they could use your help with handling their finances. Don’t wait to get involved! Eileen AJ Connelly of the AP writes: [a]t first, you might notice a pile of unopened mail. Your normally fastidious mother might be getting sloppy with her checkbook. Your elderly…
Family Financial Freedom Notebook
The following article is written by America’s Personal Family Lawyer, Alexis Martin Neely. Lots of people are wondering, what do I do know that the economy appears to be melting down? First and foremost, don’t panic. You are not going to end up standing in line for the soup kitchen. Not if you’re reading this…