Posts tagged ‘finances’

5 ways to avoid sabotaging your 401(k) plan

Your front porch sags, your kitchen is the size of a broom closet, and you can’t run the vacuum and the dishwasher at the same time without blowing a fuse. You’d love to buy a nicer house, but given the wretched state of the housing market, you’re probably stuck with the house you have.

If you’re like most workers, you’re in the same position with respect to your retirement savings plan. Sure, it would be nice to have a traditional pension that delivers a monthly check until the day you die, but hardly anyone has one of those anymore. Instead, most of us have a 401(k) plan, which requires more maintenance than a traditional pension. continue reading>>

Source: USA Today

4 tips for caring for mom and dad


Nearly half of caregivers recently surveyed reported increased financial worries. Here’s how they’ve had to sacrifice.

(MONEY Magazine) — Caring for an ailing or aging parent is never easy, but the challenges only multiply when Mom and Dad live far away.

Nearly 7 million Americans care for an elderly relative from a distance, reports the National Alliance for Caregiving (NAC). If you’re among them, you know full well the guilt and anxiety of not being able to be there at a moment’s notice. continue reading>>

Source: MP Dunleavey (CNNMoney, September 2, 2010)

Help your parents adjust to change

As they age, tips for having some of those difficult conversations.

“One of the most important things that all families dealing with issues of aging can do is to have the conversations before you run into a crisis,” says Beth Kallmyer, senior director of Constituent Services at the Alzheimer’s Association in Chicago. If it’s too late for advance planning, try these tips to help your older parent, spouse or sibling:

  • On Giving UP the Car Keys
  • On moving to assisted living
  • On handling their finances

continue reading>>

Source: Peggy J. Noonan (USA Weekend, August 29, 2010)

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