By Eve Kaplan, CFP® Unless you have a terminal illness you probably do NOT know when you will die. Accordingly, these tips are geared toward all individuals who hold investments, insurance, pensions and/or real estate and who want to pass these to a surviving spouse or other family members. Some of these steps may seem […]
Category: Senior Citizens
The Powerful Positive Financial Impact Of Delaying Retirement
By Eve Kaplan, CFP® Practitioner New data show the powerful positive financial impact of delaying retirement by even just a few months. Postponing retirement even by a month – for some – can equal or exceed the positive impact of saving more each year for 10 years while working. This is great news especially for […]
Better Annuities Are Fixed Annuities
by Eve Kaplan, Certified Financial Planner ™ In my prior article I explained the kinds of annuities that are “bad” or “ugly” for investors: virtually all variable annuities, including indexed annuities (that are misleadingly categorized at a type of fixed annuity). My objections have to do primarily with cost and the fact that they often are sold […]
How to Design Your Ideal Retirement
By Eve Kaplan, Certified Financial Planner ™ Would you like to design your ideal retirement? Where do you begin? First of all, what does retirement mean to you? If you’re in a relationship, does retirement mean the same to you as it does to your partner? Do you know if your “ideal retirement” is affordable […]
Brains and Wine – Both Improve with Age
By Eve Kaplan, CFP® Professional Brains and wine both improve with age (and any oenophile will tell you, putting the two together — in moderation — can be good for you). When I discuss brain improvement with age, I’m referencing a growing body of literature studying the so-called “middle-aged brain” (the 40-60s age group). True, […]
How to Navigate the Pending Retirement Crisis
By Eve Kaplan, CFP® Are you tired of hearing about the pending retirement crisis –because you’ve heard about it so much, it’s boring and you think it doesn’t apply to you? You might be in your 70s or 80s before you realize all that “yadda yadda” about “planning” and “saving” actually did apply to you […]
What To Do About Aging Parents: A 15 Pt Check-List
By Eve Kaplan, CFP® Professional A hundred years ago people in the US were extremely old if they lived past 65. What a difference living in 2016 makes! Reaching age 65 now represents just the 2/3 mark for many people expected to live to 95 and beyond. Health, exercise and medical advances all make […]
What To Do When Family Members Need Financial Help
By Eve Kaplan, Certified Financial Planner ™ Welcome to the Sandwich Generation! You’re a member if you’re “sandwiched” between helping adult children and aging parents. Americans see themselves are more “independent” and sometimes less family-oriented than some other cultures but you still may be on the hook to support adult children in their 20s, 30s and […]
When Your Parent’s Financial Problems Become Your Problems…
By Eve Kaplan, CFP® Professional What should you do when your parent or parents’ financial problems become your problems? We Americans are notoriously private about financial matters; it’s common for adult children and parents to share very little in the way of financial information. This kind of privacy can come back to bite us, however, […]
Five Easy Pieces of Financial Advice for Baby Boomers
by Eve Kaplan, CFP(R) Professional Here are “Five Easy Pieces”* of advice to improve your Baby Boomer financial life. By “easy,” I mean “the vast beneficial outcome is worth the initial effort.” You’re a Baby Boomer if you were born between 1946 (you’re now 69 or 70) and 1964 (you’re now 51 or 52). The […]