The Center for Retirement Research researched the impact of cognitive decline on financial decision-making in older Americans and the ideal time for a child or agent to take over day-to-day financial management. It surveyed participants in the Vanguard Research...

When retirement looms, financial stability is a gnawing concern for most people. Have I saved enough? What will inflation do to my nest egg? Will Social Security remain solvent? What are the health wildcards I haven’t planned for? As such, it’s wise to slash expenses...

1. Start on the same page: Before you share space, have an open talk about your expectations. Moving in with family members that you have not lived with for years is a big adjustment. Being open about privacy concerns, household chores, financial responsibilities, and...

    When you weigh what aging-in-place modifications to make, a significant consideration is the effect your changes will have on the resale value of your home. Will they help or hurt? One takeaway: Look to universal design modifications -- hands-free...

The key step to successful aging is rethinking how we house ourselves.Most people buy homes and condos with an eye toward reselling them. This means we buy a home for the next person, not ourselves. We have to make sure the home is for us and is adequately prepared...

If your family is considering a move to a multi-generational house, here are five considerations.   1. Legal implications. Meet with elder lawyers and estate planners to discuss how a house will be titled, how to minimize tax consequences when a family member dies,...

You get the call every child dreads. It’s about a sudden illness or accident. You catch a red-eye flight to get to your parent’s bedside that night. In addition to getting through mom’s or dad’s immediate health crisis, you realize that you probably have to sell the...

PRACTICE WHAT YOU WANT TO SAYJust like with reading or acting, the more familiar you are with a subject, the more comfortable you will be and the more realistic things will sound. You don’t want to get too emotional, but you don’t want to be a robot, either. TALK IN A...

Should I Stay or Should I Go?Downsizing or upsizing your house is one of the tougher challenges baby boomers and seniorsneed to grapple with. Start by asking yourself these five questions: Is maintaining your house starting to wear you down? Are you comfortable...

Turns out your millennial children don’t want your formal dining room set, your fine bone china, or the antiques you’ve been collecting. They’re also not too attached to mementos -- yours or their own childhood trophies, scrapbooks, and artwork. Many millennials are...