Helping Your Parents Manage Financial Tasks

How can you make things easier on them later in life? Worldwide, the number of people aged 60 and older is growing. By 2050, this demographic will be more than twice as large as it was in 2015.¹ Some of these seniors could face a financial test. Will they be able to look after their investments or financial matters at age 80 or 90 with the same level of scrutiny they exercised earlier in life? Your parents may be facing such a challenge. If you sense that they are not quite up to it, then a conversation about financial issues could be in order. If you need to have this kind of talk with your parents, it is best to proceed gently, while acknowledging some potential risks that may heighten if

The Financial Realities of Longevity

Your financial future is up to you and no one else. What will be your future? You know that solid retirement strategy takes your time horizon, an often unpredictable factor, into consideration. Your thinking must include an awareness of how long you must save for and what sort of expenditures may be ahead. The most recent findings from the Centers for Disease Control and Prevention indicate that the average American male lives to age 76, while a female may live to 81. The numbers also take the quality of life into account, putting male and female Americans at “full health” for 67 and 70 years, respectively.1 What do these numbers tell us? Women live longer, for one. Based on your age and the

Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • LinkedIn Social Icon
  • Twitter Basic Square

© 2018 by California Educators.

  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon