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Your spouse, children, aging parents, and friends can all have a profound impact on your overall financial wellness in both good and bad ways.
From inheritances (what you might get and what you might leave behind), funding college, boomerang kids (adult children who return home or otherwise need financial assistance), and figuring out how to care for parents who need medical assistance to simply planning retirement with your spouse, there is a lot of value and problems that friends and family can pose.
Caregiving takes an emotional, physical and financial toll. Whether you are caring for an aging parent, your own child or both, here are articles and resources to help you with the burden.Here are some caregiving resources: Boomers Have a Retirement Problem: Boomerang Kids — Adult Children Living at Home Are you among the 3.3 million…
There are plenty of personal finance sites out there that tell us how to save, spend, borrow and invest money, but Ray Advani says there aren’t too many that discuss how these things are impacted by relationships. That’s why he started Tie the Money Knot back in 2012. He wanted to start a conversation about…
Nearly three-quarters of grandparents think it’s important to help their grandchildren pay for college, according to research from Fidelity Investments, but the ability to financially contribute to college education requires planning ahead. Many grandparents value college education and believe it’s an important component for providing young people with the best opportunity to succeed, indicates Fidelity’s…
“When it comes to caring for your aging parents, do you ever feel like your siblings are putting too much of the responsibility on your shoulders? Whether it’s day-to-day care tasks or paying the bills, if the division of labor is making you angry, it’s time to take action. Find out what the experts advise.”…
While we at Boldin are mostly focused on the financial aspects of growing older, a successful retirement generally means overall fulfillment and dating is an increasingly popular activity among older Americans. With extra leisure time, it is no wonder that seniors – many of whom have lost or divorced spouses – are looking to spend…
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