Caring for an aging parent is a complicated and delicate business. But the fact is, many of us will one day find ourselves in this position. According to MetLife’s estimation, in 2011 almost 10 million adult children over age 50 cared for an aging parent. * Below you’ll find a few important discussion points to keep in mind when you have this essential conversation with your parents.
Buying a home is likely the largest purchasing decision you’ll ever make. When getting started, it’s important to determine your needs versus your wants. This includes everything from the location of the house all the way down to the bathroom layout. You may not be able to have everything you want, but creating a list will help you prioritize what is most important to you in a home.
January is the month that many make their financial resolutions and plans for the year. If you want to sharpen your planning but don’t feel you have the time to devote to a full-fledged planning exercise, then the following four numbers can be your guide to a better 2015 financially.
You’ve been planning your retirement for years: what you’re going to do, where you’re going to live, and how you’re going to pay for it. But knowing when it is time to retire can still be a very difficult decision. Here are a few questions to answer to help you decide if you are financially prepared to retire.
The USDA recently announced that to raise a child born in 2013 to the age of 18 will cost on average $245,000. Even though estimates vary based on several factors, raising a child does increase your expenses. There are ways to save on those expenses and also ways to prepare for rising costs of children.
With summer approaching many home improvements are in the planning stages or have even been scheduled. Most of us are great at planning the project but often times how we are going to pay for the project is given little thought. How we finance the project though can have very important implications for our overall financial picture. And this planning will be extremely helpful in determining how big of a project we can really afford to tackle.
We have all heard them over and over but do we really understand the common financial tips that are often repeated? Sometimes these tips can be misleading or perhaps their true meaning is really hidden in the details behind the advice. And for a couple of the common tips, they are really the start of a much bigger effort.
With the first quarter of the year already gone it might be time to look at those resolutions that you formulated at the start of the year. If like some, many of your New Year’s resolutions have gone by the wayside. If those forgotten resolutions are financially related there is still time to get them back on track.