New Year's Financial Housekeeping: Have You Created a Living Will?
With the New Year approaching it's a good time to take care of some financial housekeeping items that may have slipped through the cracks of your financial planning -- such as a living will.
David Lerner Associates News: Elder Poverty Is Projected to Rise
The Social Security system "is facing serious financial problems, and action is needed soon to make sure the system will be sound when today's younger workers are ready for retirement."
David Lerner Associates: Taking Care of Your Aging Parents (Part 1)
Your parents need you, and you need help. This is the first of our 3 part series on caring for your parents as they get older.
David Lerner Associates: Taking Care of Your Aging Parents (Part 2)
This is Part 2 of a 3 part series on taking care of your aging parents. This time we will be focusing on different types of support available for your parents as well as yourself.
David Lerner Associates: National Family Caregivers Month
As National Family Caregivers month draws to a close this week, David Lerner Associates takes a look at the ways to prepare, in case you have to be a family caregiver in the future.
David Lerner Associates: Women's Health Care in Retirement
At any age health care is a priority. But when a person retires focus on health care is more important than ever before. This is especially true for women.
David Lerner Associates: Key Issues for Older Americans
While retirement is generally something to look forward to there's also the concern about the cost and availability of health care and the worry about what might happen if one becomes unable to live and care for oneself independently.
David Lerner Associates: Financial Wellness Basics
Ask one hundred people, and you're sure to find that the great majority of them would agree. We all want more stable finances. We all want what is now being referred to as "Financial Wellness." We aren't talking about the difference between wealth and poverty here. We aren't talking about hand-to-mouth versus upper affluent income brackets. We're talking about a quality of life and a healthy financial life.
David Lerner Associates: Your Financial Mindset and Stress
According to the American Institute of Stress, over 70% of people experience physical or psychological symptoms caused by stress. The cost of daily living; bills, kids, jobs... this is the stress we tend to ignore or push down.
David Lerner Associates: Finances, Health, and Credit Can Affect Your Love Life
A recent survey by Nerdwallet showed that 60 percent of women ranked a potential partner's financial situation as important to them. Almost half (44 percent) feel that financial responsibility is more important than attractiveness in a romantic partner. This applies to men too, although the numbers differ according to age groups.
David Lerner Associates: What You Need to Know about Retirement and Long-Term Care
A comfortable retirement is something to plan for and look forward to. According to the Employee Benefit Research Institute, most Americans are on track with their savings for retirement. But, and this is a big one, have you considered what would happen if you were hit with an additional half million dollars in health care costs? Would you be able to still maintain a comfortable retirement then? It's highly doubtful that even the better off among us could withstand that.
David Lerner Associates: Ending Financial Stress with Planning
Bank of America / Merrill Lynch's 2016 Workplace Benefits Report was an interesting study in the financial confidence of today's workers. 75% of employees polled indicated they are not financially secure, and 60% say they are somewhat or very stressed by their financial situation, according to the report.
David Lerner Associates: National Healthcare Decision Day
April 16th was National Healthcare Decision Day. While most people don't always like to talk about what would happen if they were hospitalized and unable to speak for themselves, we're glad this day exists because it brings awareness to the importance of planning for the future.
Avoid These Retirement Planning Mistakes
Retirement looks different for everyone. Whether you want to finally climb that mountain you've been thinking about for years or spend the rest of your days in the warm tropical climes of a faraway beach paradise, someone is going to have to pay for it.