Sometimes we take steps to protect our assets, but they have unintended consequences. Learn how to avoid the most common financial mistakes to protect finances and what to do instead to enjoy your hard-earned savings. 1. Do Not Add a Person to Your Bank Account Many aging … [Read more...] about Avoid Three Common Financial Mistakes
Money and Finances
10 Questions To Ask Your Parents
It’s hard to think about our parents aging, but being prepared can ease the stress and make difficult decisions go more smoothly. Being able to make choices about the continued care of your parents while they still have the cognitive abilities to express their wishes is the first … [Read more...] about 10 Questions To Ask Your Parents
Are You Ready to Manage Your Loved One’s Finances?
As awkward life events go, discussing your aging loved ones’ finances ranks right up there with having the “birds and the bees” talk with your kids. Educating yourself about how to safeguard your loved ones’ economic security can ease this burden. Matters that concern the … [Read more...] about Are You Ready to Manage Your Loved One’s Finances?
Who will take care of you?
Planning for Older Age Sabine Stovall, a wealth and estate planner and owner of The Wealth Planning Company, says the first step in planning for older age is to understand what assets you have. “Most of us underestimate the value of what we have,” she says. It is … [Read more...] about Who will take care of you?