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Creating A Financial Roadmap Before Your Spouse Dies Can Help You Prevent a Monetary Meltdown

If you’ve been married for a long time, you and your spouse or partner have probably settled into comfortable roles based on each of your strengths. Nowhere is this truer than in handling family finances, where it’s fairly common for the spouse with the best combination of motivation and aptitude to “just take care things” … Read more

Jim Miller, the Savvy Senior, Offers Some Simple Home Safety Solutions to Help You or a Loved One Age in Place

Here at the AgingOptions Blog, we appreciate the work of Jim Miller, whose website is known as The Savvy Senior.  Miller offers a wealth of helpful information for seniors and their families, and his weekly Senior Newswire is a good source of articles on aging. Miller also writes a column in his home newspaper, The Oklahoman, answering readers’ … Read more

Kiplinger: Life Never Stops Changing – So the Odds Are Your Retirement Plans Will Change as Well

One great thing about a retirement plan: once you’ve completed one, it’s etched in stone, and you’ll never have to review it again. Right? Of course not. A retirement plan is a living document that will require continual review and occasional revamping as your life circumstances change. (That’s one reason why Rajiv Nagaich is such … Read more

A Financial Power of Attorney is an Essential Tool, but Avoid These Five Mistakes When Preparing One

Here at AgingOptions, through our partnership with Life Point Law, our staff has helped prepare thousands of estate planning documents. One of the most essential of these is what’s called a financial power of attorney, or FPOA. It’s a document that stipulates who will act as your agent in handling your finances if and when … Read more

You Can Protect Yourself Against the Growing Threat of Identity Theft by Taking These Simple but Important Precautions

Ask anyone who has experienced identity theft and they’ll tell you it was a grueling, time-consuming, and often expensive experience. One source that tracks privacy issues pegged the average cost to the victim for each incident of identity theft at $1,100, and called it “a massive headache” that cost the U.S. economy a staggering $56 billion in … Read more

Rolling Back the Clock: Americans’ Life Expectancy Drops Again, to Lowest Level Since 1996, Federal Data Reveals

We live in an era of unprecedented medical advances, in a country that sets the standard for medical research and innovation. At least, that’s what the evidence would suggest. But the sad reality for many Americans is revealed in a story we just read from USA Today: in spite of all those medical advances, we’re not living longer. … Read more

With So Many of Us Making – and Breaking – New Year’s Resolutions, Here’s Some Timely Advice for 2023 from Rajiv Nagaich

There’s something compelling about the idea of making New Year’s resolutions, isn’t there? With the turning of the calendar, a brand-new year begins, unmarred by past mistakes, filled with promise and opportunity. Many of us will pause sometime during the first days of 2023, reflecting on some of the poor choices we might have made … Read more

“Mom, Do You Have a Will?” The Importance of Asking a Loved One That Awkward Question, Then Getting the Right Answer

Here at AgingOptions, we write a great deal about the importance of having an up-to-date estate plan. Without one, your heirs are virtually certain to face confusion and complexity as they seek to unravel your affairs after you’re gone. In order to save them the drama and expense, and to ensure that your assets go … Read more

CNBC Says that Your Financial Plan Can “Stress Test” Your Retirement Strategy – but We Say, “Not Unless It’s a Financial Dashboard”

Can your financial plan act as a kind of “stress test” to see how well-prepared you are for a tumultuous economy?  We think that’s an important question to ask yourself as we look ahead to a new year in 2023 – and according to this CNBC article from last July, that’s exactly what a good financial plan should be … Read more

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