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continuing care community

Client Profiles: Thinking About A Continuing Care Community?

Last week, I visited one of our clients at her apartment in a continuing care community. She recently celebrated her 90th birthday and has been living independently in her own apartment for six years. But when we met last week, she told me she had made the decision to to give up some of her independence and move into the facilities’ assisted living […]

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single parent family

Growing Numbers Of Singles At Risk In Retirement

The facts are in.  Single people are more at risk financially than couples unless they make an extra effort to prepare on their own for retirement. The traditional two-parent household is in decline Here’s the backdrop.  American demographics are changing.  Single people, and single parent households, make up an increasing percentage of American households. One […]

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health care retirement

Quote Of The Week: Taming The Cost Of Health Care In Retirement

Carolyn McClanahan is both a physician and a financial adviser. When asked by clients how to prepare for health care costs in retirement (estimated on average to cost $240,000 per couple), she urges them to focus on what they can control – their own lifestyle choices.  Here’s her advice for clients:  “I have no idea what health […]

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older investor

“What Do I Do When I Get Stupid?”

Finance professor Lewis Mandell was taken aback when asked by a former student, now a physician, about how to handle his investments when he got older: Asked the doctor —  “My concern is—what do I do when I get stupid?” It may not be the most eloquently put, but it does express the concern we all […]

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inheritance

What If Your Ship Isn’t Coming In After All?

According to USA Today, many young people in Generation Z, those ages 13 to 22, will be sorely disappointed when the inheritance they are expecting doesn’t materialize. A recent TD Ameritrade study reported in the newspaper found that nearly 40% of Generation Z expect to receive an inheritance, and “as a result, they don’t believe that […]

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volunteer

Women & Philanthropy: Changing the Face of Giving

Focus on Women & Philanthropy I had the pleasure of attending the 4th annual “Women & Philanthropy” forum in Washington D.C. earlier this month.  Sponsored by George Washington University, the conference brought together a distinguished panel of women philanthropists, including keynote speaker Nancy Brinker, founder of Susan G. Komen for the Cure. The purpose of the meeting was to discuss the […]

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working-with-aging-parent

Talking to Your Aging Parents About Money Issues

Many of our clients have aging parents and are often concerned about how they will meet the challenges of daily life – managing their finances, caring for their home, getting basic errands done – while still feeling independent and in control. Author Glenn Ruffenach explores some of these issues in his May 7, 2012 SmartMoney article “Talking to Mom About Alzheimer’s […]

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caregiver and mother

Did You Miss Our Luncheon Seminar on Caregiving?

Did you miss the Thursday, April 19 client luncheon we hosted on caregiving featuring special guest Knyvett Lee?  Knyvett is Executive Director/CEO of CareSource, a not-for-profit social services agency in Fort Lauderdale, Florida, and is an expert in care management, guardianship and elder advocacy. Knyvett and I first met about twenty years ago when I was a Trust Officer for a South […]

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caregiving 2

Quote of the Week: Caregiving Often Falls to Women

“The average caregiver in 2009 was a 49-year-old woman who had a job outside the home and spent nearly 20 hours per week providing unpaid care to her mother, according to a 2011 AARP Public Policy Institute study.” Emanuella Grinberg, CNN, April 9, 2012, “Caregiving for loved ones the ‘new normal’ for boomers” We hosted a […]

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caregiver 2

Special Luncheon Invitation for Clients: Focus on Caregiving

According to AARP, one-quarter of adult children in the United States are currently providing personal care or financial assistance to a parent.  If you are already caring for a parent or other family member, or need to plan for what’s ahead, don’t miss our informal luncheon discussion on: Thursday, April 19  –  Noon to Two […]

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