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Tag: old age planning

How Do You Protect Your Finances From Yourself As You Age?

One of the saddest experiences for a financial advisor is watching an elderly client decline and, despite our best efforts, being unable to protect them from themselves. I wrote in 2007 about an elderly client who fired me when she was failing cognitively but still...

Will The High Costs Of Long-Term Care Leave You Broke?

When people refer to “Dying Broke,” they typically are envisioning spending their retirement nest egg on creating experiences and memories for themselves, family, and friends. They usually aren’t talking about outliving their financial resources as a result of...

Maintaining Elder Independence Without Burdening Your Family

As we age, what does staying independent look like? This is a tale of two families, similar in political and religious beliefs, income, and net worth, who approached aging very differently. The first family had a culture of self-reliance. As they aged, the parents...

Should You Pay Your Family For Senior Care?

Many of my older clients, aware of their declining physical capacities, are increasingly open to the idea of receiving in-home healthcare. It’s an excellent way for seniors to maintain their independence and stay in their own homes as long as possible before...