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Tag: Retirement 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...

Why Don’t People Relocate for Lower Cost of Living?

A survey done earlier this year by Forbes Advisor found—drum roll—that people who live in states with a lower cost of living are able to save more than those who live in more expensive places. Make that an eye roll rather than a drum roll. While I love research that...

Why We Put Off Planning for Long Term Care

An essential component of planning for retirement and old age is building financial resources to pay for long-term care. Yet having enough money is not automatically a guarantee of getting the best care you need when you need it. The biggest problem is availability....

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...