Financial
Advice and experience to help you support and protect your parents and their rights.
The importance of an emergency fund
Collaborative Post You have no idea what life is going to throw at you, particularly as you get older. Being prepared for whatever comes your way is always a good idea, whether it be health concerns, family troubles or money worries. One way to build your financial resilience is to start an emergency fund, which […]
Read moreRetirement Readiness: Managing Medication Costs in Your Financial Strategy
Collaborative Post Healthcare costs have become one of the most significant concerns. For many seniors in countries where healthcare is not free at the point of delivery, medication expenses can pose a substantial financial burden. As a result, it’s crucial for these seniors and their families to proactively address this issue in their retirement planning […]
Read moreA Guide to Government Grants for Pensioners in the UK
Collaborative Post In the UK, around 12 million people are over state pension age, and a significant percentage are on pension credit. These individuals often struggle with escalating heating bills and living in homes with outdated heating systems and insufficient insulation. Navigating financial aid can be a maze, especially when discerning what government grants are […]
Read moreSavings Revival: Strategies for Seniors Who Started Saving Behind
Collaborative Post As we journey through life, financial security becomes a top priority, especially in our golden years. However, not everyone is fortunate enough to start saving early in life. Many seniors find themselves in a situation where they haven’t saved enough for retirement. In such cases, it’s essential to explore strategies that can help […]
Read morePractical considerations for writing your will
It’s absolutely something we need to do long before anyone has any need of it. An up-to-date, easy-to-understand will can save your executors from a great deal of anxiety and effort. But our experience suggests that are a few things to think about carefully before signing off. Can you do-it-yourself or do you need professional […]
Read moreInvesting Uncovered – What Moves Index Prices?
Collaborative Post The stock market is a huge investment entity, and one that saw its global market capitalisation across exchanges peak at $112 trillion in July 2023. This market is also quite diverse from an investment perspective too, as it comprises options both in terms of individual equities and so-called “indexes”. Of course, it can […]
Read moreInvestment 101: How does market volatility affect investments?
Collaborative Post It is never too late to begin investing your money. In fact, investing can help many retirees to stretch their nest eggs as far as possible, and grow their pot of money intended as inheritance – provided that these investments are safe and stable, of course. That said, investment can be a difficult […]
Read moreA Guide to Helping Your Parents With Their Day-to-Day Financial Management
Collaborative Post Managing day-to-day finances can be tricky enough for anyone. That’s especially true at the moment as the cost of living keeps going up. But it can be particularly difficult for people as they get older. From bills and budgeting to investments and retirement planning, the responsibilities can accumulate and become overwhelming. Helping your […]
Read moreAging in Place: Supporting Seniors’ Independence Through Reverse Mortgages
Collaborative Post As time passes, many seniors aspire to preserve their independence and continue residing in their own homes, a concept commonly referred to as “aging in place”. This desire is rooted in the comfort of familiarity, cherished memories, and a sense of community. However, financial constraints can sometimes pose significant challenges, preventing seniors from […]
Read more6 Advantages and Drawbacks of Retirement Plans
Collaborative Post Statistics show that nearly 67% of Americans between the ages of 50 and 74 don’t have a formal retirement plan. However, retirement planning is an essential aspect of financial management that every individual should prioritize. As we journey through life, it becomes increasingly important to secure our future and ensure a comfortable retirement. […]
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