Lending to Relatives? What You Need to Consider

Sonny has bad credit and needs a small business loan. Of course you want to help, but can you make the payments or afford losing collateral if he defaults? Your daughter is going through a divorce and she needs the security deposit for her new apartment. If you give it to her, can you count on her to pay it back? Auntie wants to go to Las Vegas and has asked her children, nieces and nephews to pitch in so …

5 Questions I Wish I Had Asked Before They Died

I’m a caregiving expert, with more than 30 years of experience in the field of aging, so you’d think I’d be fully prepared for a loved one’s death, especially when that person is older or has been battling illness. Yet even for me, death caught me by surprise. My mom died a year and a half ago; my oldest sister, Karen, just a few months ago. I’ve had my hands full with caregiving for many years, but there are so many …

How to Make Your Financial Dreams a Reality

In his “I Have a Dream” speech, the Rev. Martin Luther King Jr. encouraged us to think about the real possibilities of a brighter future — a future that affords us to live in comfort and prosperity. It is in that spirit that we encourage you to evaluate your dream of financial security. >> AARP’s Financial Freedom Program There are several steps you should consider to help you work toward financial freedom as you kick off the new year with a …

Bipartisanship and Boomer Women

Months before the recent budget agreement was reached, a bipartisan exchange of ideas took place on a much smaller-scale when four legislators joined an AARP-sponsored forum on financial challenges facing boomer women. Topics ranged from trying to “have it all” in terms of balancing work and family, to the need for women to “lean in” and help each other, to the uncertain financial future many women face. Moderated by award-winning financial journalist and best-selling author Jean Chatzky, the panel of …

Does My Financial Adviser Have My Best Interest at Heart?

If you think your financial adviser is giving you retirement investment advice that’s in your best interest, you could be sadly mistaken. What you may not know is that many financial professionals aren’t required to put their clients’ best interests first because they’re not bound to a fiduciary standard (a legal requirement to act in the investor’s best interest). So the financial advisers you trust may actually be motivated more by the commissions they get from steering you into certain …

Thin or Fiscally Fit: You Choose

Would you rather be thin or debt-free? I know, you want to be both. For those of us who are overweight and underwater, it’s a nice dilemma to mull over (beats the quandary of saving for retirement or paying for your kid’s college education). But it wasn’t a tough call for 72 percent of 2,021 Americans polled. They’d rather keep their current debt than the alternative: gain 25 pounds and owe nothing. Related: Be Debt-Free in a Year or Less Maybe …