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If you have children, you’ve probably thought about who would care for them should something happen to you. But have you thought of who might care for aging parents? Today’s society demands “new considerations” when it comes to estate planning, says the BMO Retirement Institute. The group’s new report, “Estate planning in the 21st century: New considerations in a changing society,” instructs Americans to review estate plans to factor in parents, pets and technology.
When it comes to saving enough for retirement, it’s important to keep the big picture in mind, right? Wrong, say researchers from Boston College’s Center for Retirement Research; the href=”http://www.chicagotribune.com/business/yourmoney/sc-cons-0426-started-20120427,0,1799363.story”>best strategy is to think in small, concrete steps.
Editor’s note: This is the third in a series of guest blogs by Lee Woodruff. As I said goodbye to my father in his assisted-living facility the other day, I left shaking my head in wonderment. How had we gotten to this place? My two sisters and I had been trading shifts, running back and forth between my parents for weeks now, toggling between the hard choices about my Dad’s sliding dementia and my mother’s tenuous health, which we hoped …
Editor’s note: This is the second in a series of guest blogs by Lee Woodruff. A recurring nightmare visits me in the middle of the hormonal sweat lodge that my bed becomes at 3:30 a.m. I’m toward the end of my life, crone-like and alone (always alone) with all of my possessions in a paper bag. My house and family are gone and I am living on the street. I once read somewhere that this phenomenon among middle-aged women is …
I know, Friday nights are for watching movies, having dinner with friends or doing anything other than thinking about retirement planning. But! Hear us out here. Tonight on NBC Nightly News with Brian Williams, AARP’s very own Jean Setzfand will be on. See, Jean is our VP of Financial Security, which is to say, Jean knows her stuff about all things financial and retirement planning. She’ll be on the news tonight talking about retirement planning: steps you can follow to …
AARP CEO A. Barry Rand sent a letter yesterday to the debt Super Committee asking the 12-member panel not to include Social Security or Medicare benefit cuts in its plans. And the newly-created Office of Older Americans, within the U.S. Consumer Financial Protection Bureau, will focus on stopping the financial abuse of older adults. Regulators say financial fraud costs older Americans about $3 billion a year.