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Living Well in Retirement

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Americans can expect to live longer after retiring than previous generations. However, whether they will live better, is an open question that depends on individual choices.

At first glance, Cecilia Chiang might seem like an exception. In some ways she is. The 98-year-old woman who retired in 1991, after a long and successful career in the restaurant industry, continues to be active both in her personal life and professionally consulting for other restaurant owners.

People who can still do that at her age, are now exceptions now. However, they do not have to be that exceptional in the future, as...

Estate Planning for Your Elderly Parents

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If you are a caregiver for an elderly parent, you might need to assist them in planning for their estate, if they have not already done so.

Many Americans find themselves in precarious financial situations after they retire. At some point, they are no longer able to take care of themselves physically to some degree. They also begin running out of money. Why? Retirement was more expensive than they thought.

This has led to many adult children providing care for their elderly parents. While most are willing to do so, these caregivers often find themselves having to help their parents...

Living to 100

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Wealthy people are beginning to expect that they will personally live to be at least 100 years old. That has important implications for their planning.

Rich people have most likely always lived longer, on average than the non-wealthy and that is certainly the case today. However, even the wealthy never really live much longer after retirement age.

Nevertheless, medical science has made tremendous strides recently. People can now expect to live much longer, if they can afford the best medical treatment. Today, half of wealthy investors expect that they will live to be 100 years old, as Forbes reports in...

Wives Need to Know About the Finances

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In the last few decades, women have made tremendous strides in the workplace. However, most married women still leave financial matters to their husbands. That can be a problem in their elder years.

Women today can do almost anything in their professional lives. There are very few boundaries left that women have not been able to cross.

A few decades ago, that was not the case when husbands made the money and the important financial decisions for their families. However, despite the strides women have made professionally, in most families, it is still the husband who makes all the important...

An Occupational Living Will

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A doctor who specializes in dementia has an idea for an advanced directive. It is designed to ensure that he does not continue working, when he is no longer able to do so, as effectively as he did when he was younger.

When we think about people who suffer from dementia, we think about people who have retired. We do not often think about the people who are still working but who have started suffering from cognitive decline. However, almost everybody has likely had an older colleague at some point, who seemed to slow down and make more mistakes in...