Your Parents’ Estate: Sorting, Sifting, Shedding Stuff

A Lifetime of Memories & Accumulation

Pink Flora Tea Set: Sorting your Parents' EstateAs a follow-up to my Estate Planning: Fairness & Entitlemania article, I wanted to touch upon what happens to our parent’s earthly belongings once they pass. This topic hits particularly close to home since I lost my father last year. The process of going through a loved one’s stuff is hard. Beyond the emotions of sorting through a lifetime’s worth of memories, there’s the reality of how to dispose of the “stuff.” Here’s what I learned in my journey.

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Marrying Over 50: Money Tips Before Getting Hitched

Love Is Ageless, Not Necessarily Priceless

On Top of the Wedding Cake: Money Tips to Marrying Over 50Over 2 million Americans get married every year. And many of those newlyweds have a few grey hairs ;). According to Pew Research, divorce rates have climbed for those 50+. It’s becoming so common with Baby Boomers, there’s a new term for it… “grey divorce.” Before you say “I do” or “I don’t,” let’s explore the myths and money tips for those of us who are more “seasoned.”

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Estate Planning: Fairness & “Entitlemania”

Estate Planning FairnessTalk to any daily money manager, financial advisor or CPA, and we all agree that having a current estate plan is a must, especially if you own real estate. But there’s an underbelly to estate planning that many don’t like to discuss. Family squabbles. Hurt feelings. Broken relationships. You can help your survivors and beneficiaries now by managing emotions and expectations before it’s too late.

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Back to School Spending

That Won’t Break Your Piggy Bank

Back to School BusesIt’s that time of year again. Summer vacations are winding down, and parents are busily preparing for the upcoming school year. Buying new clothes, school supplies, and extracurricular activity doo-dads can spike upon household spending in August and September. Here are a few strategies to stretch those dollars and diminish the budget pinch.

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Advice When Managing a Parent’s Finances

Paperwork: Sifting through mail as part of managing parent's financesIf you’re part of the sandwich generation — where you’re caring for children and aging parents — life can get pretty hectic. Especially if you’re managing your parent’s finances. Over the years we’ve seen what methods work best and what spells disaster.

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Student Debt Hinders Retirement

Impacting Many Seniors

Author Note: Lauren Davidson, a Millennial with student debt just trying to make a dent.

Student Debt Affecting Seniors & RetirementAt $1.4 trillion, runaway student loan debt is now viewed as the next big bubble that could cripple the economy as the default rate continues to creep up. However, with all of the attention focused on the millions of young borrowers unable to pay their bills, buy a home, or start a family due to the heavy burden of student loan debt, the plight of older Americans has gone virtually unnoticed. As of 2016, more than 3 million people age 60 and older are struggling to meet their basic retirement needs as a result of carrying student debt. That is more than triple the number just a decade ago. Now with 10,000 Baby Boomers crossing the retirement threshold each day, it may be just the tip of the iceberg.

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Is It Time to Retire or Start a Second Career?

For many of us over fifty, the idea of retirement is an enticing dream. Ditch the Silicon Valley commute. Eliminate the stress of a 40+ hour work week. Spend more time doing what we love. Yet only 60% of workers say they are confident about their financial outlook for retirement, based on the Employee Benefit Research Institute’s Retirement Confidence Survey quoted in NextAvenue.org (a PBS site for people over 50).

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Frugal Summer Vacations

With Memorial Day officially behind us, summer vacations are just around the corner. Is there a way to have a great vacation and be frugal at the same time? Yes! I’ll share some of my best tips learned over the years and new ideas shared by clients.

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Credit Card Rate Hikes

The Fed increased interest rates for the second time in three months on March 15. It’s made headline news. There have been hints of additional hikes in 2017. So what does this mean for the 157 million Americans who hold credit card debt?

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Bye Bye 2016 Tax Returns

Hello 2017 Tax Planning

The 2016 tax return season is officially behind us. Well, unless you filed an extension. For many of my clients (and my staff), we’re breathing a sigh of relief. We’ve spent hours sifting through paperwork, downloading transactions, categorizing expenses, and preparing reports. If this year’s tax prep was a major drain (and pain), let’s look at what you can do now to make next year easier.

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