Financial Planning for People With Dementia

As boomers move into their late 60s and beyond, the country is likely to experience a growing number of individuals with dementia who have difficulty managing their financial affairs. This means financial advisers must be trained to recognize the early signs of cognitive impairment among clients and then plan for deteriorating mental health that may occur over many years. In addition, policymakers must bolster protections against financial exploitation to protect older consumers with dementia. >> 10 Items Where Coupons Save …

Report: Dying in America Harder Than It Has to Be

By Jenny Gold, Kaiser Health News Staff Writer It is time for conversations about death to become a part of life. That is one of the themes of a 500-page report, titled “Dying in America,” released Sept. 17 by the Institute of Medicine. The report suggests that the first end-of-life conversation could coincide with a cherished American milestone: getting a driver’s license at 16, the first time a person weighs what it means to be an organ donor. Follow-up conversations …

Your New Retirement Number: $58,000

En español | Financial experts seem to speculate endlessly about boomers’ projected lifestyle in retirement based on their savings and spending patterns. Now a new survey that polled recent retirees about their standard of living has found that, for some, you don’t need a lot of money each year to retire comfortably and live happily. According to the survey by Baltimore-based investment firm T. Rowe Price, recent retirees report living on 66 percent of their pre-retirement income on average – $58,000 …

How to Enjoy a Vacation With Your Adult Children

Family vacations run the gamut from a mountain cabin shared with mice and other creatures to a retirement celebration in Hawaii. As we jump on planes, trains and automobiles for multigenerational summer sojourns, what can we do to guarantee five-star success? I consulted three experienced family vacationers who’ve traveled near and far with adult children and grandchildren in the toddler-to-teen range. All agree that planning is essential. Who pays for what – transportation, meals, rentals, activities – must be discussed …

How to Retire the Cheapskate Way

Jeff Yeager – aka “the Ultimate Cheapskate” – is AARP’s savings expert and host of the weekly Web show The Cheap Life, produced by AARP and airing on YouTube. He’s also the author of four popular books about frugal living, including his most recent, How to Retire the Cheapskate Way. Jeff will be a guest on AARP Live on Thursday, June 19, so we sat down with him in advance to chat about retirement planning and living, cheapskate-style. What does it mean …

Free Resources for Managing Your 401(k)

Need help with retirement? The do-it-yourself investor can find plenty of online resources to help with retirement and other types of financial planning. Fidelity Investments in Boston offers a variety of tools, including some to help you devise a plan to pay off debt or decide whether to convert to a Roth IRA. Baltimore-based T. Rowe Price’s Retirement Income Calculator can project how much you will need in retirement vs. how much you will have, while Valley Forge, Pa.-based Vanguard’s Retirement …