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Archive for the ‘Financial’ Category

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January 16th, 2007

Eldercare and Family Disagreements

When a parent is ill, old family dynamics can resurface. Sibling disagreements, long dormant, may crop up when planning for mom or dad’s care.
According to this article in the Beacon News, one of the most difficult things, even more difficult than heath care planning, can be planning for the division of personal possessions after death:
During […]

By Elizabeth -- 4 comments

January 9th, 2007

Tax help in caring for aging parents

I didn’t know this, but, in some instances, you can claim an elderly parent as a dependent on your United States income tax.
Of course, as in all tax situations, there are rules, but, it might be worth checking out if you are financially supporting your aging parent.
Get more information from this article from Bankrate.com
Tags: Aging […]

By Elizabeth -- 0 comments

October 25th, 2006

Retirement Calculator

One would think that as much as I write and live the aging parents thing, that I would know more about retirement issues than I do.
Sure, I know that it’s important to plan and we are able to throw a little money at the issue, but, I don’t really think about it in concrete terms, […]

By Elizabeth -- 0 comments

October 2nd, 2006

Thoughts on the sandwich squeeze

The National Post has a good article about the financial squeeze faced by the sandwich generation.
Baby Boomers are often faced with the financial load of elderly parents as well as, sometime adult, children. For some, this means working beyond the age when they originally planned to retire. There is also the social strain felt when […]

By Elizabeth -- 3 comments

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