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Even if you're very wealthy, you may need to plan for long-term care through age 100. Our Wealth Wise columnist asks the experts what to do.
Use these tips to help you open the door to conversations about their financial health before it’s too late.
It's difficult to ask aging parents about financial and medical decisions, and future living arrangements, but it's vital to talk about it while you still can.
My parents took meticulous care of their home and estate planning. But when it came time to sell their house of 54 years, all hell broke loose. Here are the five lessons I learned.
Talking with your parents about their money can be awkward, but it's necessary to know what's up as they get older. These tips can help.
A custodial Roth IRA lets parents help a child with earned income start building long-term wealth. By starting early, children gain decades of potential tax-free growth while learning the value of sav...
One of my biggest fears as a parent is raising kids who can’t launch into adulthood on their own. My hope is that by 26, three years after college to find their footing, they can support themselves wi...
If you're the only child of aging parents, decisions about care and financial affairs may fall to you. These are the risks — and the conversations to have now.
Between Trump accounts and child-friendly investment platforms, it has become much easier for parents to invest for their children’s future.
My parents usually have their budget meeting at the kitchen table on a Sunday afternoon for a few hours. Here's what they've taught me. The post What I’ve Learned as a Teen While Watching My Parents i...
It's worth a long, frank discussion with your parents and any other potential heirs to figure out the best way to increase family wealth. The post Working with Your Parents to Get Richer appeared firs...
Trump Accounts are a new type of tax-advantaged investment account designed to help children begin saving and investing early in life.
Millions of those in the sandwich generation need to care for kids and aging parents while saving for retirement. These tips can help make it less of a struggle.
Feeling happy? That could be because spring has finally sprung here in the Midwest. Or, more specifically, it could be because you're part of the Keen Wealth audience right here in Overland Park! A re...
Here's everything you need to know about pet insurance, how much it costs, and whether it's ultimately worth it for you to purchase. The post Pet Insurance: Worth It or Just Hype? A Practical Look for...
After publishing my piece on the shocking cost of eldercare, a question kept nagging at me that I couldn't shake: when money is finite and the people you love are not, how do you decide who to help or...
We are Gen Jones and are retired nearly 2 years now. Like many parents of our generation, we have an adult Millennial child still living at home. He has a skilled career and makes good money, but it w...
We inherit many traits from our parents, but these retirement mistakes don’t have to be among them. Gen Xers and Millennials can thrive in retirement.
Last year’s tax bill created a new savings vehicle that starts as early as birth – the Trump account. While these accounts resemble IRAs in some ways, they offer distinct contribution rules, investmen...
My parents live in Mexico and know next to nothing about investing. Here was my journey in helping set them up for retirement. The post How I Helped My Parents Living in Mexico Invest Like the Pros ap...
Joe and Big Al spitball two sides of the retirement equation, today on Your Money, Your Wealth® podcast number 570. Daniel in Texas is 40 and worrying about how to support Mom and Dad if their money r...
Five stats show how you need to rethink retirement, because "the future ain’t what it used to be."
If you are worried about older family members or friends whose financial judgment is raising red flags, help is out there — from an elder law attorney.
Thanksgiving can be great or sometimes conflicts arise. Consider a few tips to help you keep it more peaceful.
Caring for a child or parent can mean a drop in income and a lower tax bracket. Why not take advantage by moving money into a Roth account? Here's how it works....
Today we answer a question from Cathy about helping aging parents in California navigate care costs, preserve limited resources, and explore options like pro bono legal support. Although this show doe...
Fear of facing the fact that we all die may be the reason why people hire an attorney to do their estate plan documents but then fail to sign them. It can create a mess....
The one that comes to mind for me is conserving energy. I was a teenager during the "energy crisis" in the 70s and my mom harped on us to turn lights off whenever we left a room. Still do it today, mu...
We may never think we need a legal document to help an adult child in an emergency. But in this real case, parents did not have what they needed. A nightmare resulted....
CFP® Beth Pinsker shares lessons on caring for parents—covering wills, POAs, caregiving costs, and planning with compassion and clarity. The post Podcast 101: Caring for Parents, Planning fo...
Early conversations, financial planning and understanding the progression of care needs can help to mitigate stress and protect family relationships....
Adult children can help their elders become aware of balance training to prevent falls. Here are some steps that anyone can encourage aging parents to do....
When aging parents need help, the last thing they want to see is their kids fighting over it and the costs. Use experts to conduct family meetings to reduce conflict....
As college costs rise, parents are resorting to increasingly costly means to pay for their children's educations. Financial advisors say the loss in retirement savings is rarely recovered....
If your parents are aging, it's time to have a talk about their finances and future plans. The sooner you do it, the better it's likely to go. The post Financial Considerations When Taking Care of You...
We may think it won't happen to us or our aging parents, but it can. Learn from recent emergencies across the US. Bring up 5 questions for safety of aging loved ones....
Answering reader questions about finances and family members, including what to do when you are supporting your parents financially, how the gift tax works when your parents are giving you an early in...
A Medicare and Social Security checklist to help Baby Boomers caring for aging parents—or preparing for their own care—stay ahead of a health crisis....
You ever meet someone who just gets how money works, even at a young age? That’s not luck. That’s parenting. Wealthy parents don’t just hand over cash, they hand over mindset, habits...
59 to 68 million Americans are in the sandwich generation. Get 8 powerful tips for managing this stressful time of life. The post Resilient, Responsible, and Right in the Middle: A Mother’s Day ...
Today we answer a question from Cathy about helping aging parents in California navigate care costs, preserve limited resources, and explore options like pro bono legal support. Although this show doe...
Supporting adult children comes at a high cost. And an increasing number of parents are finding themselves doing just that. Here are some of the key findings of the 2025 Savings.com report: Half of pa...
Here are some strategies that can help reduce the effort and stress involved....
Adult children with aging parents face fears about elders running out of money. They still have kids at home and they feel burdened....
With a likely recession and potentially stagflation on the horizon, I suspect many more families will join us as DUPs: Dual Unemployed Parents. Mass layoffs and company shutdowns will ripple through t...
What can you do when aging parents make choices that seem so risky? The independence dilemma: let it go or try to step in to keep them safe? Solutions can exist....
Multigenerational housing is being embraced by younger and older families seeking to address housing affordability, caregiving needs, and retirement security....
My father did me the benefit of moving out of a big house and into a smaller condo when he turned 65, but that was only part of the picture. He was certainly not a hoarder, but he had So. Much. Stuff....
Feeling lonely isn’t good for anyone. Recent studies show the connection between loneliness in elders and dementia risk. Families need a strategy to mitigate this risk....
Tending to the needs of aging parents will exact a toll on anyone doing this job. Noticing the effects and taking protective steps can save you from breakdowns....