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 Because if an illness or accident suddenly happened, you just might discover that those documents are out of date [...]
Posts under ‘Retirement’
Is It Time for an Estate Planning Checkup for Your Parents or You?
Is Your Parent Afraid of Running Out of Money in Retirement (Part 2)
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 [...]
Is Your Parent Afraid of Running Out of Money in Retirement? Part 1
My Dad was a victim of Bag-Lady syndrome.
It took me a long time to understand what was going on. I finally found the name for my father’s terrible fear of losing his money in an article in MSN Money of all places!
Bag-Lady syndrome is the fear, often found in women at all economic levels, that financial security could vanish [...]
