Posts under ‘retirement finances’

By CK Wilde for 3GenFamily blog
I don’t think there was ever a time when my Dad did not worry about money.
Having experienced a lay off when I was about 5 years old, my father worked extra hard to assure that it wouldn’t happen again. And it never did.
He successfully retired from a major corporation that [...]

My father only had a couple thousand dollars of life insurance in force by the time he turned 83. He outlived the term of one policy, so the insurance company paid him the cash value and terminated the policy.
As someone who was deeply affected by the Depression, Dad would probably have jumped at the [...]

Is your family like most others? Have your parents (or you) done some estate planning (see below for resources) and then filed the documents away to gather dust and cobwebs until they are needed?
Why do I ask? Because if an illness or accident suddenly happened, you just might discover that those documents are out of date [...]

How much money does a 83 year old need to have in savings to avoid running out of money in retirement?
In a previous post (Is Your Parent Afraid of Running Out of Money in Retirement -Part 1), I described how my 83 year old father was living in abject terror of having his money run out before he died.  While [...]