It can be hard to talk to our parents and loved ones about what would happen in a health crisis, or about end-of-life decision-making. Emotions can run high. If you're having trouble talking to your parents about planning for the future, consider using another person's situation as a springboard.
How do you know when you are too old to manage money?
The good news is there's no obvious age at which a normally healthy person loses cognitive ability. People who are experiencing normal cognitive aging can often manage their financial affairs competently well into their 70s and 80s.
Survey shows large gender gap on financial literacy in retirement
The American College of Financial Services recently had survey participants aged 60 to 75 take a quiz to determine their level of financial literacy, especially as it relates to retirement. The unsettling news is that only 35 percent of men passed the quiz. The shocking news is that only 18 percent of women did.
5 proposals aimed at doubling the long-term care insurance rate
According to a Associated Press-University of Chicago NORC Center for Public Affairs Research poll, 57 percent of Americans surveyed said they plan to rely on Medicare to provide any long-term care services and supports they may need.
Make plans now for your special needs child after you are gone
Parents who have a special needs child usually want to make sure that the child will be cared for as long as necessary. No one is immortal, so they need to plan for what is going to happen when they pass away.
