Family and Relationships

The costs of being a caregiver can be overwhelming.  There is the extreme emotional turmoil. But there are also serious financial concerns– from money spent out-of-pocket and from time spent caregiving instead of earning income. A study by AARP found that family caregivers spent an average of nearly $7,000 a year of their own money–more…

Saving for retirement can be an incredibly difficult task, especially when your path is filled with hurdles such as job loss, rising inflation, and debt. One obstacle you may not think about is your own family. Juggling family commitments makes it hard for many adults to save for their own financial future. It can force…

Members of the Sandwich Generation are typically in their 40s or 50s today, and there are quite a lot of them: about 53% of Millennials and 29% of Gen Xers, according to sandwich generation statistics reported by the Pew Center. Having two sets of dependents (children and parents) can be burdensome financially as families are…

You spend most of your adult life planning for retirement. You might also spend a lot of time thinking about having grandkids one day. But what you might not predict is a phone call asking whether you’d be interested in a new job: being a childcare provider for the newest family member. Men and women…

The life transition of becoming a parent with an empty nest is a life transition that is not often talked about (at least not much as we analyze the impact of other major life events, such as getting married, having children, and retiring).  However, the act of your children leaving home has emotional and financial…

Your adult children want to help you as you age. However, they need you to be open to giving them details about what’s to come, according to a 2016 Fidelity Investments Family & Finance Study. The study also found that whether you think you are communicating or not, the kids are not hearing you. Your…

It’s taboo. It’s not polite. It’s personal. These are all things you’ve probably heard when it comes to talking about money. Keeping your lips sealed about your personal finances is pretty common, but your financial future may be in jeopardy if you’re not willing to have a straight talk about retirement planning. Straight talk about…

You have probably read about the perils of loneliness as you age and how feeling alone can actually reduce your life span by as much as regular smoking does. However, some research suggests that it is not just a matter of having relationships, it is also who your friends happen to be. It turns out…

Making friends in retirement can be difficult, but incredibly important. Get tips for forming meaningful and joyful relationships.

The holidays can be an important time to discuss finances with your family. Get tips for how to have a productive talk with those you love!

The best gift to leave heirs isn’t a lot of money. What’s really valuable is to pass along strong financial values and knowledge. Learn how.

Talking about money with friends, family, and peers can improve your financial outcomes. You’ll make better decisions.

Episode 28 of the NewRetirement podcast is an interview with Cameron Huddleston, an award winning personal finance journalist and author, about her experience planning for and caring for aging parents. Her work has appeared in Kiplinger’s Personal Finance, Business Insider, Chicago Tribune, Fortune, Huffington Post, Money, MSN, USA Today and many other publications. A mom…

College costs can feel overwhelming — especially if you are trying to retire sometime soon (or even just save for a future retirement). How to fund college education is a critical question and families need to explore all of their options. You are not alone if you are worried about paying for both big expenses…

While there are lots of benefits to marriage, if you are a woman or you are married to one, you face a a huge retirement disadvantage — a significantly steeper climb toward having adequate retirement savings. A new study from TIAA estimates that in order for two recent college grads to have the same amount…

Retirement planning for women — wives, daughters, mothersBoth women and men continue to save money for retirement in their 401(k)s at the same rate, but due to many factors, women — you, your wife, your daughter, your mother — are less financially prepared for retirement than men, according to recent research from Aon Hewitt. Of…

Lesley Stahl knows a lot about many different things.  As a long time journalist, she has covered the Watergate scandal, President Reagan’s assassination attempt, the Gulf War, and many other historic events that have shaped our world. However, of everything she has experienced in her life, becoming a grandmother is the event that she says…

Have you ever considered living in a multi-generational home? According to the U.S. Census Bureau, a multi-generational family is defined as “those consisting of more than two generations living under the same roof.” If you enjoy being around family and you’re planning for retirement or nearing retirement age, multi-generational living might work in your favor.…

The holidays are right around the corner, and while that involves the excitement and cheer of family get-togethers and festive parties galore, for many it also means the financial stress of buying presents for their children. Often, parents spend more than they intend to on their kids during the holiday season. Some people resort to…

It turns out that wealth in retirement doesn’t necessarily rid you of certain troubles and concerns. In fact, investors who have at least $1 million in assets are most worried about burdening their children later in life. We probably all share this fear no matter our financial circumstances. Take Action to Avoid Consequences The weird…

There’s something powerful about knowing that it’s never too late to learn something new. It can be as simple as putting yourself out there and welcoming new experiences. Want an example? Saffron Cassaday, Director of the Cyber-Seniors Documentary, has inspired a national campaign called Connecting Generations. Her campaign looks to connect young mentors with older…

Do you provide care of an older relative or parent? If so, you’re probably among the 40.4 million Americans who provide unpaid eldercare. Eldercare providers are defined as those provide unpaid care to someone age 65 or older. This population typically needs care because of conditions related to aging, and can range from providing household…

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: The Family Caregiver Alliance Caregiver Action Network Information on Cargiving from the U.S. National Library of Medicine Caring.com’s…

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…