Guiding Aging Parents in Financial Management

Guiding Aging Parents in Financial Management

As parents age, it’s common to be concerned about their ability to manage their finances, especially when faced with cognitive decline or other medical concerns. Here are some tips for talking to aging parents about their finances and how to step in with assistance.

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Evaluating Senior Living Facility Options 

Evaluating Senior Living Facility Options 

It is a challenging situation when the realization hits - be it for you or a loved one – that perhaps it is no longer a feasible option to continue in the current living situation. If and when this time comes, considering some of the senior living options that are available and what might be best, can be challenging.  

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Life Expectancies & Retirement Planning

Life Expectancies & Retirement Planning

When it comes to planning for retirement, the length of the planning horizon (i.e., life expectancy) stands apart from the many other assumptions required in the modeling process. Life expectancy is defined as the average number of years a person can expect to live at a given age. The specific issue for planning is something called longevity risk, or the possibility an individual will live to such an advanced age that they will deplete their retirement savings and be forced to rely solely on Social Security and Medicare for their expenses.

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