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| financial advisor for elderly parents: Juggling Life, Work, and Caregiving Amy Goyer, 2015 One in four American adult face the challenges of caring for an adult friend or relative. Although caregiving can be a richly rewarding and joyful experience, the role comes with enormous responsibilities-- and pressures. This gentle guide provides practical resources and tips that are easy to find when you need them, whether you're caregiving day to day, planning for future needs, or in the middle of a crisis. Goyer offers insight, inspiration, and poignant stories and experiences of caregivers, including her own as a live-in caregiver for her parents. |
| financial advisor for elderly parents: Mom and Dad, We Need to Talk Cameron Huddleston, 2019-06-25 Learn to start open, productive talks about money with your parents as they age As your parents age, you may find that you want or need to broach the often-difficult subject of finances. In Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, you’ll learn the best ways to approach this issue, along with a wealth of financial and legal information that will help you help your parents into and through their golden years. Sometimes parents are reluctant to address money matters with their adult children, and topics such as long-term care, retirement savings (or lack thereof), and end-of-life planning can be particularly touchy. In this book, you’ll hear from others in your position who have successfully had “the talk” with their parents, and you’ll read about a variety of conversation strategies that can make talking finances more comfortable and more productive. Learn conversation starters and strategies to open the lines of communication about your parents’ finances Discover the essential financial and legal information you should gather from your parents to be prepared for the future Gain insight from others’ stories of successfully talking money with aging parents Gather the courage, hope, and motivation you need to broach difficult subjects such as care facilities and end-of-life plans For children of Baby Boomers and others looking to assist aging parents with their finances, Mom and Dad, We Need to Talk is a welcome and comforting read. Although talking money with your parents can be hard, you aren’t alone, and this book will guide you through the process of having fruitful financial conversations that lead to meaningful action. |
| financial advisor for elderly parents: Caring for Your Elderly Parents Bob Mauterstock, 2017-11-17 The Support You Need as You and Your Parents Face the Challenges of Aging If you are facing the challenge of having to make decisions on issues like long-term care and end-of-life concerns for your elderly parents, you are not alone. Caring For Your Elderly Parents offers insightful advice and support to the ever-growing population of Americans, now at 65 million people, or 29% of the U.S. population, who provide care for a chronically ill, disabled, or aged family member or friend. As our population ages, the care needs of our elderly parents continue to change and evolve. Today's families face new decisions and challenges. Author Bob Mauterstock gives you the information and support you need as you and your parents face the challenges of aging, no matter in what stage of the process you find yourselves. This resource covers how we can help our parents - and ultimately ourselves - plan for housing, healthcare, and financial security. The book covers pertinent issues facing baby boomers who can easily be overwhelmed by handing their aging loved one's affairs, such as: Helping elderly parents with estate planning and other important documents Determining what their parents' real wishes are and how they can honor them Feeling guilty or manipulated by parents or family members Discussing care and support a loved one will need in the hospital, hospice or assisted living Holding effective family meetings where all elder care issues are discussed Preventing elder fraud and elder abuse Finding help, especially if you live far away Managing the financial aspects Talking to elders about sensitive subjects Finding state and federal elder care resources Bob Mauterstock calls on over 30 years of experience as a financial advisor to share real-life situations he, his parents, and client faced and how they developed practical solutions to deal with them. He is co-owner of a new company, Plan4LifeNow.com, that trains financial advisors to become Elder Planning Specialists. Download this book today and get the information you need to navigate the maze of caring for your aging parents. |
| financial advisor for elderly parents: The Caregiving Trap Pamela D. Wilson, 2015-10-06 The Caregiving Trap combines the authentic life and professional experience of Pamela D. Wilson, who provides recommendations for overwhelmed and frustrated caregivers who themselves may one day need care. The Caregiving Trap includes stories about Pamela's actual personal and professional experience along with end of chapter exercises to support caregivers. Common caregiving issues include: A sense of duty and obligation to provide care that damages family relationships Emotional and financial challenges resulting in denial of care needs Ignorance of predictive events that result in situations of crises or harm Delayed decision making and lack of planning resulting in limited choices Minimum standards of care supporting the need for advocacy |
| financial advisor for elderly parents: Doris Inc. Shirley Roberts, 2012-11-14 Proven strategies for finding balance in your life and career while maximizing the quality of life for an elderly person When Shirley Roberts' father passed away, her life and career were put on hold as the demands of caring for her elderly mother, Doris, began consuming more and more of her time and energy. Using her business prowess, Shirley, with the help of her financial advisor brother, developed Doris Inc. Using their business skills, they found ways to maintain their own lives and careers while ensuring that their mother received top-notch care. Much of their success has come from sound management practices and an original financial forecasting tool tailored for elders. In this heartfelt, beautifully written book, Shirley offers sage advice on how to cope with the emotional roller coaster of eldercare, along with proven care and financial planning strategies and tools that have worked so well for her. Features concrete lessons and proven strategies for handling the challenges of eldercare; making tough decisions, finding help, reducing stressful crises and planning for the high costs of eldercare Offers practical guidance to avoid sacrificing your own life while providing the best care for your loved ones Tips on confronting and planning for your own golden years to ensure that you'll have a fulfilling life after retirement and that those who'll be caring for you won't be overly burdened |
| financial advisor for elderly parents: Aging with a Plan Sharona Hoffman, 2015-05-12 This book offers a concise, comprehensive resource for middle-aged readers who are facing the prospects of their own aging and of caring for elderly relativesan often overwhelming task for which little in life prepares us. Everyone ages, and nearly everyone will also experience having to support aging relatives. Being prepared is the best way to handle this inevitable life stage. This book addresses a breadth of topics that are relevant to aging and caring for the elderly, analyzing each thoroughly and providing up-to-date, practical advice. It can serve as a concise and comprehensive resource read start-to-finish to plan for an individual's own old age or to anticipate the needs of aging relatives, or as a quick-reference guide on specific issues and topics as relevant to each reader's situation and needs. Using an interdisciplinary approach, Aging with a Plan: How a Little Thought Today Can Vastly Improve Your Tomorrow develops recommendations for building sustainable social, legal, medical, and financial support systems that can promote a good quality of life throughout the aging process. Chapters address critical topics such as retirement savings and expenses, residential settings, legal planning, the elderly and driving, long-term care, and end-of-life decisions. The author combines analysis of recent research on the challenges of aging with engaging anecdotes and personal observations. By following the recommendations in this book, readers in their 40s, 50s, and early 60s will greatly benefit from learning about the issues regarding aging in the 21st centuryand from investing some effort in planning for their old age and that of their loved ones. |
| financial advisor for elderly parents: The Special Needs Planning Guide Cynthia R. Haddad, John W. Nadworny, 2022 Written with both compassion and expertise, this bestselling book provides families with a comprehensive guide to planning for the lifetime needs of a child with disabilities. It presents the Five Factors readers need to consider-family and support, emotional, financial, legal, and government benefits-and how to plan for these factors at every stage of a child's life. The second edition includes updates based on current law, fully revised chapters with a wealth of practical recommendations, and a ten-step, manageable planning process. Online resources include fillable timelines, worksheets, and other planning documents to help families create a secure, full, and happy life for and with their child-- |
| financial advisor for elderly parents: Getting Your Affairs in Order , 1988 |
| financial advisor for elderly parents: The Retirement Planning Book Douglas Goldstein, 2013-10 According to the U.S. Department of Labor, less than half of the workforce has calculated how much they need to save in order to retire. People often look to their retirement as free time. But there is no such thing as free time - retirement has its own bills to pay. How do you meet your expenses when pension plans only cover a small percentage of your living costs? For most people, the ultimate goal of their working years is a comfortable and easy retirement. Yet, many working people avoid planning for the future because retirement seems so far off, or they live for today, hoping that tomorrow will take care of itself. The concepts of planning and saving need not be daunting. Whether you are in your early twenties or your late fifties, it's never too early or too late to plan for your retirement. The Retirement Planning Book is a rich source of information that will guide you through the process of planning your golden years Find out about early retirement, financial planning, investments, social security, pension plans, and more from this concise, easy-to-read guide. Look to the years ahead with The Retirement Planning Book - your handbook for planning a comfortable future! |
| financial advisor for elderly parents: How to Say It® to Seniors David Solie, 2004-09-07 A practical guide to bridging the generation gap. In How to Say It to Seniors, geriatric psychology expert David Solie offers help in removing the typical communication blocks many experience with the elderly. By sharing his insights into the later stages of life, Solie helps in understanding the unique perspective of seniors, and provides the tools to relate to them. |
| financial advisor for elderly parents: The White Coat Investor James M. Dahle, 2014-01 Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a Backdoor Roth IRA and Stealth IRA to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place. - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research. - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books This book should be in every career counselor's office and delivered with every medical degree. - Rick Van Ness, Author of Common Sense Investing The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk. - Joe Jones, DO Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis. - Dennis Bethel, MD An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust. - Greg E Wilde, M.D Scroll up, click the buy button, and get started today! |
| financial advisor for elderly parents: The Ultimate Retirement Guide for 50+ Suze Orman, 2020-02-25 The instant NEW YORK TIMES BESTSELLER WALL STREET JOURNAL BESTSELLER PUBLISHERS WEEKLY BESTSELLER USA TODAY BESTSELLER #1 PERSONAL FINANCE EXPERT Revised & Updated for 2023 THE PATH TO YOUR ULTIMATE RETIREMENT STARTS RIGHT HERE! Retirement today is more complex than ever before. It is most definitely not your parents' retirement. You will have to make decisions that weren't even part of the picture a generation ago. Without a clear-cut path to manage the money you’ve saved, you may feel like you're all on your own. Except you're not—because Suze Orman has your back. Suze is America's most recognized personal finance expert for a reason. She's been dispensing actionable advice for years to people seeking financial security. Now, in this revised and updated Ultimate Retirement Guide for 50+, which reflects recent changes in retirement rules passed by Congress, Suze gives you the no-nonsense advice and practical tools you need to plan wisely for your retirement in today's ever-changing landscape. You'll find new rules for downsizing, spending wisely, delaying Social Security benefits, and more—starting where you are right now. Suze knows money decisions are never just about money. She understands your hopes, your fears, your wishes, and your desires for your own life as well as for your loved ones. She will guide you on how to let go of regret and fear, and with her unparalleled knowledge and unique empathy, she will reveal practical and personal steps so you can always live your Ultimate Retirement life. I wrote this book for you, Suze says. The worried, the fearful, the anxious. I know you need help navigating the road ahead. I've helped steer people toward happy and secure retirements my whole life, and that's exactly what I want to do for you. |
| financial advisor for elderly parents: Passing the Torch Bob Mauterstock, 2014-12-05 A comprehensive, practical guide that leads Baby Boomers through the process of getting their financial lives in order and communicating their wishes, desires and concerns to their adult children. It will give you the tools to develop a strong partnership with your children to make the critical decisions that will affect your life and theirs. Talking to your children about all the issues you will face as you get older is often very difficult to do. Passing the Torch gives parents a practical and empathetic approach to work with their children to discuss and plan all the decisions they will have to make. The book lays out the steps to prepare and hold a family meeting to open up the lines of communication. It addresses such critical areas as legal issues that can impact the family, end of life planning, health care planning, and passing on a legacy to the next generation. The author calls on over 30 years of experience as a financial advisor to share real-life situations he and his clients had to face and how they developed practical solutions to deal with them. Passing on The Torch will give you the tools to give your children the gift of communication and give you the peace of mind to know that you have everything in order. |
| financial advisor for elderly parents: Debt-Free Degree Anthony ONeal, 2019-10-07 Every parent wants the best for their child. That’s why they send them to college! But most parents struggle to pay for school and end up turning to student loans. That’s why the majority of graduates walk away with $35,000 in student loan debt and no clue what that debt will really cost them.1 Student loan debt doesn’t open doors for young adults—it closes them. They postpone getting married and starting a family. That debt even takes away their freedom to pursue their dreams. But there is a different way. Going to college without student loans is possible! In Debt-Free Degree, Anthony ONeal teaches parents how to get their child through school without debt, even if they haven’t saved for it. He also shows parents: *How to prepare their child for college *Which classes to take in high school *How and when to take the ACT and SAT *The right way to do college visits *How to choose a major A college education is supposed to prepare a graduate for their future, not rob them of their paycheck and freedom for decades. Debt-Free Degree shows parents how to pay cash for college and set their child up to succeed for life. |
| financial advisor for elderly parents: Protect Your Parents and Their Financial Health-- Susan C. Richards, 1999 The private legal and financial issues can have a profound impact on families. Here is guidance and preparation through the process, as though working with a trusted friend who also happens to be a trained financial professional The adult child with the foresight and courage to tackle these issues while their parents are able to discuss them, will be forearmed When disaster strikes, it's too late.Stressing that adult children should talk with aging relatives while they are healthy and vital, the book helps families: -- remove psychological and practical barriers-- identify all the information required to make good decisions, creating a framework for action-- compile data, formulate discussion points, and set and achieve goals-- deal with reticent parents, advisors, distance barriers, and complex financial issues-- understand the financial and legal aspects of aging: what to do if your parents have money, and what to do if they don't |
| financial advisor for elderly parents: Work Optional Tanja Hester, 2019-02-12 A practical action guide for financial independence and early retirement from the popular Our Next Life blogger. In today's work culture, we're expected to hustle around the clock. But what if you could escape the traditional path and get on one that doesn't require working full-time until age 65? What if you could wake up every day without an alarm clock and do the things you love most? Tanja Hester and her husband Mark left their crazed careerist lifestyle to live their dream life in Lake Tahoe, retiring early from high-stress careers. Now Tanja will help you map out a customized plan for freedom and make it easy to succeed, whether you're good at math and budgeting -- or not! Work Optional is more than just a financial plan: it's a plan for your whole life -- designed by you, not by an employer or clients. Tanja walks you through envisioning your dream life, accounting for variables such as health care and children, protecting yourself from recessions and future unknowns, and achieving a purpose-filled early retirement, semi-retirement, or career intermission with completely doable, non-penny-pinching steps. You can live a happier, more meaningful life, free from the daily grind. Regardless of where you are in your career, Work Optionalwill get you there. |
| financial advisor for elderly parents: Caring for Your Parents Hugh Delehanty, Elinor Ginzler, 2008 Practical advice you can trust from the experts at AARP--Cover. |
| financial advisor for elderly parents: The Money Class Suze Orman, 2012-01-10 The #1 New York Times bestseller, now revised and updated, filled with tools and advice that can take you from a place of financial fear to a place of financial security. WHAT WILL YOU LEARN IN THE MONEY CLASS? How to find the courage to stand in your truth and why it is a place of power. What daily actions will restore the word “hope” to your vocabulary. Everything you need to know about taking care of your family, your home, your career, and planning for retirement—no matter where you are in your life or where the economy is heading. In nine electrifying, empowering classes, Suze Orman teaches us how to navigate these unprecedented financial times. With her trademark directness, she shows us how to tackle the complicated mix of money and family, how to avoid making costly mistakes in real estate, and how to get traction in your career or rebuild after a professional setback. And in what is the most comprehensive retirement resource available today, Suze presents an attainable strategy, for every reader, at every age. In The Money Class you will learn what you need to know in order to feel hopeful, once again, about your future. |
| financial advisor for elderly parents: Wallet Activism Tanja Hester, 2021-11-16 2022 NATIONAL INDIE EXCELLENCE AWARDS FINALIST — SOCIAL/POLITICAL CHANGE • 2022 ASJA ANNUAL WRITING AWARD WINNER — SERVICE • 2022 NAUTILUS BOOK AWARDS GOLD MEDALIST — SOCIAL CHANGE & SOCIAL JUSTICE • 2022 AXIOM BUSINESS BOOK AWARD GOLD MEDALIST — PHILANTHROPY/NONPROFIT/SUSTAINABILITY How do we vote with our dollars, not just to make ourselves feel good, but to make a real difference? Wallet Activism challenges you to rethink your financial power so can feel confident spending, earning, and saving money in ways that align with your values. While we call the American system a democracy, capitalism is the far more powerful force in our lives. The greatest power we have—especially when political leaders won’t move quickly enough—is how we use our money: where we shop, what we buy, where we live, what institutions we entrust with our money, who we work for, and where we donate determines the trajectory of our society and our planet. While our votes and voices are essential, too, Wallet Activism helps you use your money for real impact. It can feel overwhelming to determine “the right way” to spend: a choice that might seem beneficial to the environment may have unintended consequences that hurt people. And marketers are constantly lying to you, making it hard to know what choice is best. Wallet Activism empowers us to vote with our wallets by making sense of all the information coming at us, and teaching us to cultivate a more holistic mindset that considers the complex, interrelated ecosystems of people and the planet together, not as opposing forces. From Tanja Hester, Our Next Life blogger and author of Work Optional, comes the mindset-shifting guide to help you put your money where your values are. Wallet Activism is not a list of dos and don’ts that will soon become outdated, nor does it call for anti-consumerist perfection. Instead, it goes beyond simple purchasing decisions to explore: The impacts a financial decision can have across society and the environment How to create a personal spending philosophy based on your values Practical questions to quickly assess the “goodness” of a product or an entity you may buy from The ethics of earning money, choosing what foods to eat, employing others, investing responsibly, choosing where to live, and giving money away For anyone interested in leaving the world better than you found it, Wallet Activism helps you build habits that will make your money matter. |
| financial advisor for elderly parents: The Family Guide to Aging Parents Carolyn Rosenblatt, 2015-03-17 There are more than 43 million adult family caregivers caring for their aging parents and family members in the United States alone. While Boomers are about to enjoy retirement and the freedoms that come with a life well lived, the responsibility of caring for their aging parents is a key issue they unexpectedly face. The Boomer’s Guide to Aging Parents is the complete guide to help the caregiver understand the issues and be prepared for the realities. Covering everything from legal issues to what to do when your aging parent still wants to drive, The Boomer's Guide provides clear counsel for giving loving care and enjoying life after retirement. |
| financial advisor for elderly parents: Families Caring for an Aging America National Academies of Sciences, Engineering, and Medicine, Health and Medicine Division, Board on Health Care Services, Committee on Family Caregiving for Older Adults, 2016-12-08 Family caregiving affects millions of Americans every day, in all walks of life. At least 17.7 million individuals in the United States are caregivers of an older adult with a health or functional limitation. The nation's family caregivers provide the lion's share of long-term care for our older adult population. They are also central to older adults' access to and receipt of health care and community-based social services. Yet the need to recognize and support caregivers is among the least appreciated challenges facing the aging U.S. population. Families Caring for an Aging America examines the prevalence and nature of family caregiving of older adults and the available evidence on the effectiveness of programs, supports, and other interventions designed to support family caregivers. This report also assesses and recommends policies to address the needs of family caregivers and to minimize the barriers that they encounter in trying to meet the needs of older adults. |
| financial advisor for elderly parents: Naked in the Nursing Home Harold L. Lustig, 2011-04 This is the no-nonsense guide that will give you everything you need to know about how to pay for long-term care for yourself, Mum or Dad without going broke. Naked in the Nursing Home adroitly weaves together both humour and hard-hitting facts to equip you and your elderly parents for the future. This book is authored by a financial advisor who specialises in working with the elderly and their families, with new information from two of the leading elder law attorneys in the country. This book takes a look at the following critical information: Defining long-term care in layman's terms; Common myths surrounding long-term care costs and options; How to identify and prevent a family financial crises; Understanding Medicaid and how to use it to your benefit; Alternatives in long-term care insurance and tax benefits; Special benefits for U.S. veterans. |
| financial advisor for elderly parents: What Your Financial Advisor Isn't Telling You Liz Davidson, 2016-01-05 Protect your money with this “accessible and practical” guide to hiring and working with financial advisors (Publishers Weekly, starred review). Hiring a trained expert to safeguard and grow your wealth seems like a foolproof decision, but it can go awry for many people. You should never blindly trust that your advisor has your best interests at heart—and while there are many benefits to working with a financial pro, there are some things you should know first. Drawing on her insider’s knowledge of how the financial advice profession really works, Liz Davidson shows how to judge whether an advisor is going to help or harm your savings. This no-nonsense guide covers questions such as: How should you decide if you really need an advisor? What financial moves can you make without their help? What important questions should you ask before trusting them with your money? What are the red flags you should run from? What does all their jargon really mean? Learn how to take control of your financial well-being—either with a financial advisor or without one. “This book is mandatory reading for anyone who wants a better understanding of how to manage their money.” —Mary Beth Franklin, InvestmentNews “Valuable tools for managing one’s personal finances for maximum results.” —Publishers Weekly, starred review |
| financial advisor for elderly parents: The Boomer's Guide to Aging Parents Carolyn L. Rosenblatt, 2009-02 Carolyn L. Rosenblatt is a registered nurse and an attorney with over 40 years of combined experience. She has compiled her 9 volume series into this Complete Guide. It touches on dangerous older drivers, choosing home care workers and nursing homes, understanding assisted living, the specifics of handling money for aging parents, ways to manage sibling conflicts about elders, advice from a lawyer about how to choose a lawyer when your parent needs one, and knowing how a care manager can help you. |
| financial advisor for elderly parents: The Bogleheads' Guide to Investing Taylor Larimore, Mel Lindauer, Michael LeBoeuf, 2006-04-20 Within this easy-to-use, need-to-know, no-frills guide to building financial well-being is advice for long-term wealth creation and happiness, without all the worries and fuss of stock pickers and day traders. |
| financial advisor for elderly parents: Parenting Your Parents Bart J. Mindszenthy, Michael Gordon, 2005-03-12 A valuable resource for anyone who needs advice on how to provide their elderly parents with the care and support they require. |
| financial advisor for elderly parents: Caring for Mom Dorothy Sander, 2010-02-03 Caring for Mom is a touching collection of reflections that speak to all who have, are or will care for an aging parent and facing all the challenges of being a member of the sandwich generation. While describing the process of care giving and all that implies, Dorothy Sander has left her heart on every page of this important book. This is not a standard or sugar coated instruction manual. Dorothy tackles issues concerning every aspect of aging-our own and those for whom we care. Dealing with stress, money, family, how to say goodbye, exhaustion, and coping with grief all find pages in Caring For Mom. Dorothy's experience is invaluable. Her style resembles a chat with a good friend. Those who read her account will find wisdom, comfort, and support. She writes with compassion, honesty and a deep commitment to all that is good in life. Caring for Mom is a book you can read again and again. |
| financial advisor for elderly parents: Silver Spoon Kids Eileen Gallo, Jon Gallo, 2002-01-25 A parent's guide to raising financially responsible children in an age of unprecedented wealth It is natural as parents that we want to give our children the best of everything. And in an age of unprecedented wealth and easy credit, upper- and middle-income parents can indulge that urge like never before. Yet, you have become alarmed over the impact this newfound affluence may be having on your children. You fear that through your generosity you are training your children to be greedy, selfish spendthrifts. The first parenting guide to focus exclusively on this increasingly sensitive topic, Silver Spoon Kids was coauthored by a psychotherapist who counsels people with money-related emotional problems and a lawyer specializing in estate planning. Drawing upon their experiences as members of the renowned NYU Family Wealth Institute, they tell you how to talk to kids about money, how to teach them to handle it responsibly, and how to instill in your kids a sense of giving to their communities. |
| financial advisor for elderly parents: The Sudden Wealth Solution: 12 Principles to Transform Sudden Wealth Into Lasting Wealth Robert Pagliarini, 2015-04-28 Robert's book is the Bible of sudden wealth. So read it now! MARY BUFFETT, New York Times bestselling author of Buffettology Up to 90% of sudden wealth is lost according to research. Why? What makes sudden wealth so different and so fleeting for so many people? And more importantly, how can you avoid the unforeseen dangers and mistakes even the most money-smart and sophisticated people often make? Sudden wealth is a roller coaster ride of emotions from the highest highs to the lowest lows. Sudden wealth is often portrayed as creating dire consequences for its recipients, but it can be an amazing opportunity that improves your life and those around you. I ve worked with enough sudden wealth clients over the years to see patterns what works and what doesn t. With proper guidance and a willingness to stick to the 12 Principles outlined in this book, you can avoid the common pitfalls that so often destroy money, and instead transform your sudden wealth into lasting wealth to create a better life for yourself and others. Here are just a few things you ll learn in The Sudden Wealth Solution: What does sudden wealth and surviving a disaster have in common? This one idea can help protect your money for generations. Learn about the three sudden wealth stages and what they mean. Never be caught off guard again. Learn just one sentence for when someone asks you for a loan or to invest in a project. Should you avoid making decisions after getting your sudden wealth? No. Doing so could cost you millions and be disastrous. Discover the decisions you are safe to make and those you must not make right after getting your windfall. Learn what time of day you should schedule phone calls and meetings with your advisors. Learn an effective and step-by-step method to choose the right attorney, CPA, and financial advisor for you. Read about the 8 key rules you can use to evaluate every financial advisor you interview. What's a Driver vs. a Passenger? You'll understand how this can help you make the important decisions. Overwhelmed and not sure what to do? Learn how to relax and start making progress. You might be surprised about the places you shouldn't look for an advisor. Certain money beliefs can make it nearly impossible to create lasting wealth. Learn which money beliefs you have and how to reset them. What to communicate immediately to friends and family after receiving sudden wealth. Copy a short note from the book that you can email to friends and family that puts you in control. Does it ever make sense to stretch the truth? You'll read why it just might. |
| financial advisor for elderly parents: Rich as a King Susan Polgar, Douglas Goldstein, 2014-11-15 A chess grandmaster and a certified financial planner show readers how to approach investing like a chess player, and how to gain financial freedom. Discover how you can apply the strategies of chess to manage your money better. World Chess Champion Grandmaster Susan Polgar and international investment advisor Douglas Goldstein, CFP, share practical examples and never-before-heard stories from the chess, and show you: · What is holding you back from financial freedom · How to apply the strategies that Susan Polgar used to win 10 Olympic medals to managing your money · The 64 strategies that can make you as “Rich as a King!” Praise for Rich As a King “An entertaining, informative, and very interesting treatment of investment strategy, tactics, and wisdom.”—Michael Spence, Nobel Prize Laureate, Economics, 2001 “Goldstein and Polgar integrate chess and investment strategies in a remarkably entertaining and educational fashion. Chess players who know little about investing and investors who know little about chess will gain fresh insights into both.”—Ken Rogoff, former chief economist of the International Monetary Fund; professor, Economics Department, Harvard University; chess grandmaster “A treasure trove of financial tips, brilliantly weaving together the strategic thinking of a chess master with the practical advice of an experienced financial analyst.”—Doug Shadel, PhD; AARP financial fraud expert and author of Outsmarting the Scam Artists “This fast-moving, enjoyable book shows you how to think better, make better decisions, and achieve your long-term goals of “financial victory” with great certainty.”—Brian Tracy, bestselling author of Million Dollar Habits |
| financial advisor for elderly parents: How to Care for Aging Parents Virginia Morris, 2004-10-15 Thoroughly updated and expanded, a compassionate, single-volume reference to the many emotional, legal, financial, medical, and logistical issues associated with caring for aging parents covers such areas as nursing homes, finances, finding a good doctor, legal arrangements, redefining parental relationships, and handling emotional challenges. Original. |
| financial advisor for elderly parents: My Family Record Book Harris N. Rosen, 2015-06-29 A complete step-by-step guide that will help you keep tract of and organize: final wishes & arrangements, computer information and passwords, estate planning documents, employment records, insurances policies, tax records, retirement accounts, government benefits, real estate records, house maintenance and more! -- |
| financial advisor for elderly parents: Honoring Aging Parents Klaus Dannenberg, Bruce Black, 2019 As our parents age and become unable to care for them selves, awareness of challenges and insights into useful approaches are provided using short vignettes that everyone can relate to. |
| financial advisor for elderly parents: Care After Covid: What the Pandemic Revealed Is Broken in Healthcare and How to Reinvent It Shantanu Nundy, 2021-05-04 A practical action plan for reinventing healthcare in a post-pandemic world—from a physician-entrepreneur who works with Fortune 500 companies. If the healthcare system were an emperor, Covid-19 tragically revealed that it had no clothes. Healthcare had to adapt, and quickly―sparking a dramatic acceleration of virtual care, drive-through testing, and home-based services. In the process, old rules were rewritten and, perhaps surprisingly, largely in a good way for patients. To succeed in the post-pandemic world, all of us―patients, caregivers, providers, employers, investors, technologists, and policymakers―need to understand the new healthcare landscape and change our strategies and behaviors accordingly. In Care After Covid, practicing physician and business leader Dr. Shantanu Nundy—Chief Medical Officer of Accolade, which provides technology-enabled health services to Fortune 500 companies as well as small businesses―lays out a comprehensive plan to transform healthcare along three dimensions: Distributed: healthcare will happen where health happens. It will shift from where doctors are to where patients are—at home, in the community, and increasingly on their phones. Digitally enabled: healthcare and the relationships that are central to care will be strengthened by data and technology. It will shift from being siloed to connected, from being episodic to continuous, from one-size-fits-all to more personalized. Decentralized: healthcare decisions and resources will be in the hands of those closest to care. The power to determine who gets care and how they get it will shift away from governments and insurance companies to communities, employers, doctors, and patients. Filled with firsthand insights and stories from the frontlines of healthcare—as well as innovative solutions that were proven effective before and during the pandemic—Care After Covid shows all stakeholders in the healthcare ecosystem exactly what needs to change and, more importantly, how to do it. The time to act is now. We can’t afford not to. |
| financial advisor for elderly parents: Estate Planning 101 Vicki Cook, Amy Blacklock, 2021-08-03 Discover the ins and outs of planning your own or your loved one’s last wishes with this easy-to-understand guide to estate planning. No one likes to talk about death, but being prepared for any unexpected tragedy can help your loved ones navigate your loss more easily in the long run. From creating your advanced medical directives to designating your beneficiaries, estate planning can ensure that your wishes are carried out when you are no longer around. With Estate Planning 101, you can get your affairs in order before any unfortunate incident occurs. This easy-to-understand guide comes with detailed information on what needs to be done to protect your estate. With information on creating a living will, minimizing estate taxes, choosing an executor, and more, you will be prepared for the future, no matter what it brings. Estate Planning 101 offers you step-by-step instructions and checklists to keep you organized for whatever life throws your way. |
| financial advisor for elderly parents: J.K. Lasser Pro Advising Mature Clients Neal E. Cutler, 2002-12-16 FINANCIAL PLANNING FOR THE CHANGING NEEDS OF AN AGING SOCIETY Cutler has hit a financial literacy home run. He has done an outstanding job of educating the professional working with the mature market about the psychology and complexity of the Wealth Span and about the financial issues and products that figure prominently in executing a successful strategy for older clients and families. This book is about as comprehensive as you can get for understanding the nuances of financial planning for mature consumers. It is filled with information, insight, resources, and (thankfully!) humor! -John N. Migliaccio, PhD, President, Maturity Mark Services Co. Learning across disciplines will be the way of the future. Dr. Cutler is in the unique position to authoritatively discuss advising mature clients from both the gerontological and financial planning perspectives. This latest in the Lasser Pro Series is sure to be a must for anyone who wants to do holistic financial planning for older clients. -Kenn Beam Tacchino, JD, LLM, Professor of Taxation and Financial Planning, Widener University; Editor, Journal of Financial Service Professionals Dr. Cutler has written a cutting-edge guide for the myriad professionals who advise mature clients and adult children of older parents. His book is timely, much needed, and will undoubtedly become the definitive reference for practitioners and students of aging and the economics of aging. -Lois A. Vitt, PhD, Director, Institute for Socio-Financial Studies; Editor-in-Chief, Encyclopedia of Financial Gerontology Dr. Cutler has provided a valuable resource to those of us in the financial industry. He has provided clear, concise commentary on the issues facing our aging population with actionable suggestions for the financial advisor. I highly recommend it to my fellow professionals. -Kelly B. Auslander, CFP, President, American Financial Advisors, Inc. Please visit our Web site at www.jklasser.com |
| financial advisor for elderly parents: The Essential Advisor Bill Crager, Jay Hummel, 2016-05-02 Leverage the financial services evolution to maximize your firm's value The Essential Advisor presents an insightful handbook for advisors looking to navigate the changing face of financial services. The industry is evolving, consumers are evolving, and many advisors are being left behind as old methods become less and less relevant. This book shows you how to turn this shift into a positive, by positioning your firm to maximize these new opportunities, and deliver the results and experience increasingly expected of financial advisors. You'll learn how to provide the transparency, hands-on interaction, and around-the-clock access today's clients demand, and how to consistently deliver service that robo-advisors cannot duplicate. Emerging technologies do not have to be a threat to your practice—they are tools that represent opportunities to provide greater service to your clients, and smart technology integration will be a hallmark of firms that survive the shift. This guide provides a clear vision of the future of financial services, and an indispensable management framework for maximizing your firm's future value. Advisors are increasingly confused about what clients are seeking, and clients are equally confused about what advisory firms offer that alternatives cannot. This book helps clear the air on both sides by examining the client's perspective of financial services, and helping advisors better communicate their strengths. Articulate the value of your services Leverage new technology to complement your practice Capitalize on opportunities and maximize your firm's value Position your firm to benefit from the changing consumer population Financial advisors can only grow their businesses if clients know what they do, know how to hire them, and can access them affordably. The Essential Advisor shows you to bring your firm into the future successfully. |
| financial advisor for elderly parents: Keeping Clients for Life Karen Caplan Altfest, 2001-07-02 A successful financial planner is someone who does more than just crunch numbers and present an annual investment plan to clients. There is a psychological component to effective client care as well as to issues involving clients' overall financial well-being. People skills, as well as financial planning skills, are necessary to build a successful financial planning business. This comprehensive guide teaches both new and veteran financial professionals how to relate to their clients in meaningful ways, thus growing their business by increasing the long-term retention of those clients. Offered here are insights into such issues as how to determine which clients to accept, how to propose a plan clients can use, how to tread carefully in family situations, how to develop sensitivity and communications skills, and how to work with the media and recognize the importance of building your business one lasting relationship at a time. Karen Caplan Altfest, PhD, CFP (New York, NY), is Vice President of L. J. Altfest & Co., a financial planning and investment management firm. She is also the Director of the Financial Planning and Investments Program at the New School. |
| financial advisor for elderly parents: The Procrastinator's Guide to Retirement David Trahair, 2021-03-06 Let’s face it, planning and saving for retirement is not easy. We are told that the earlier we start the better and that the “magic of compounding” will make our dreams come true if we simply trust the stock market and our investment advisor. But for most people it’s simply not possible. People in their twenties are often saddled with student debt and may be struggling to find suitable full-time employment. Saving for retirement is the last thing on their minds, as it should be. Then in our thirties and forties we tend to do things like get married, have kids, and buy houses. All these things cost a lot of money! So for many people there simply isn’t any money left to put away for retirement. Therefore many of us become procrastinators when it comes to saving for retirement. But there is hope. This book will take you step-by-step though planning and saving for retirement starting in your fifties and the best way to fund your retirement years. It is designed for people approaching retirement who want to ensure it is comfortable and stress-free. |
| financial advisor for elderly parents: Financial Advisor Sherry Bonnice, 2014-09-02 Find out what it takes to be a financial advisor with character... Financial advisors show people better ways to manage their money. They help their clients: •Invest in stocks and bonds; •Save for the future; •Plan for home ownership; •Set aside funds for their children's college education; and •Look ahead toward retirement. Find out what you'll need if you pursue a career in this field: The education... The experience... The integrity... And the respect for others. Financial Advisor will tell you what you'll need. |
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