Category Archives: Financial Planning

How to Protect Your Digital Legacy Before You Die

Most of us live so much of our lives online nowadays, but protecting our digital legacy is a planning task that often gets overlooked. Digital planning includes: Providing loved ones with your passwords so they can access your accounts Designating the name of someone who can access your online accounts once you have died Letting…

Power of Attorney, Health Care Surrogate, and More: Why You Need a Fiduciary in Place

Imagine that you don’t have the mental capacity to make decisions for yourself. For example, you have a serious illness that doesn’t permit you to manage your affairs, such as medical decision making or making a legal decision. While no one likes to consider this possibility, it’s a wise idea to think ahead and plan…

We all could use more help managing our money, right? The help that you need will vary throughout life—so, the money tips that help you in your 20s are different from what helps you in your 40s or your 60s and beyond. Here are six money tips best suited for older adults: Get help…

Here’s What a Will Is—and Why You Need One

A will is a document where you can state what you would like to happen to your property, assets, and belongings when you die. However, you may be surprised to learn that 2 out of 3 Americans don’t have a will, according to a survey from Caring. com. Here are more details on what a…

5 Tips to Manage Credit Card Debt for Older Adults You may typically think of credit cards as something used by younger consumers, but a surprising number of older adults find themselves in credit card debt. Just think of all the costs involved with life that may lead seniors to whip out credit cards to…

What You Need to Know About Guardianship for Older Adults

The recently released Netflix movie “I Care A Lot” has sparked some real curiosity about what guardianship is. In the movie, the lead character Marla Grayson manages to bilk her older adult clients out of money and assets once she is appointed as their guardian. If you care for an older adult or if you…

Study: Money Management Problems Found Years Before Dementia Diagnosis

Researchers regularly look for early signs of Alzheimer’s disease and dementia. One early sign that you don’t hear about as often is problems with money management. A February study published in JAMA Internal Medicine found that Alzheimer’s disease and related dementias were associated with adverse financial events years before clinical diagnosis. The study was the…