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Inspiring Opportunities Free E-Newsletter |
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Topic: Finances
If anyone thinks dealing with aging parents is easy, they haven't been doing it! It is often one of the most difficult challenges people face during their adult lives--and one for which none of us is prepared. Taking away the car keys from an aging father, asking for power of attorney, moving parents to a senior facility...the road from independence to dependence can be truly bumpy. This article provides some proactive ideas to guide you in "parenting your parents" around financial and other issues.
http://www.forbes.com/2010/05/18/elder-c...
Do you find yourself giving money to grown up children while telling them you never took a dime from your parents? Today, more of the nation’s younger generations (20s, 30s, even 40s) are dependent on their parents and grandparents. Should parents set limits, or is this transfer of wealth a social and economic necessity in the long jobless recession? How has this growing dependence changed the country? Check out what some experts are saying.
http://roomfordebate.blogs.nytimes.com/2...
Starting a business is difficult at any age. While those planning to retire soon need to be particularly careful with their finances, Boomers' accumulated expertise and experience is a real asset in being successful. When an entrepreneur knows something about the industry, they are better able to leverage that knowledge and move towards their goal.
Click here for some tips.
http://www.usnews.com/money/personal-fin...
With more people facing retirement in this unstable economy and their savings, home value, and incomes declining, there is more talk about reverse mortgages as a way around the continuing credit crunch. A growing number of homeowners who are 62 and older are exploring reverse mortgages that allow them to borrow against their equity. Coming of Age founding partner, AARP, provides a calculator to give you an idea of the cash you might get with two federally-insured reversed mortgages. Read this New York Times article to learn more about the pros and cons of this method of maintaining your equity.
http://www.nytimes.com/2009/03/15/reales...
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