Getting Older Without Family

Addressing Personal, Legal, and Financial Concerns The American Association of Retired Persons (AARP) projects that by 2030, approximately 16% of women will be between 80 and 84 years old and childless (Donald Redfoot, Lynn Feinberg, and Ari Houser, “The Aging of the...

When to Step In and Take Over an Older Parent’s Finances

Powers of attorney and trusted organizations are a big help My mother is about to turn 80, and I’m increasingly worried about her ability to manage her money. My family and I are trying to figure out when and how to take on this responsibility, or at least provide...

Should I hire a money manager?

Hiring a professional money manager to take care of someone else’s finances can relieve the caregiver of that added responsibility. Many parents are reluctant to let their children take on management of their money, either because they don’t want them to know their...

Managing Your Money in Old Age

Declining financial abilities may not only result in a few unpaid bills but also leave you vulnerable to financial abuse and drain your nest egg. Kiplinger –Consider hiring a daily money manager to help pay the bills, deal with creditors and organize tax documents,...

4 types of financial helpers: which is best for you?

Whether facing a mountain of debt, a flurry of tax papers or just needing budget advice, there’s someone out there who can lend a helping hand. But with all the different types of financial professionals out there, sometimes it’s hard to figure out just who can help...