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Sandwich Generation: Housing Options As We Age

When managing the care of an aging individual, some of the more challenging issues to understand are the options for different types of housing.  Seniors may prefer “aging in place” (i.e. staying in the family home), living with a primary family caregiver, or moving into one of a variety of retirement living options. Here is a synopsis of the more common retirement housing options available to seniors. Staying in Your Home “Aging in place” has

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Sandwich Generation: Planning for the Aging Loved One

A national study of women’s financial needs and preferences identified “being caught in the middle” as the single most significant challenge respondents indicated they would face in the coming years. To help address this burden, the Family Wealth Advisors’ Council created a series of checklists and tools through their Women of Wealth initiative.  Checklist  Determine who will be the main contact in the family for helping to plan for future aging stages. It is not

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Book Review: The Other Talk – A Guide to Talking to your Children About the Rest of your Life

“The Other Talk,” published in 2014, plays on the familiar concept of the birds and bees parent-child discussion to evoke a new context: preparing for the difficult decisions often faced as one ages.  While the first “talk” is an important milestone for parents as they guide their children through adolescence and into adulthood, “the other talk” encourage parents to talk again, later in life with their adult children about financial, healthcare and end-of-life decisions as

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Making the Most of Your Health Savings Account

What’s a Health Savings Account? A health savings account (HSA) is a tax-advantaged medical savings account available to U.S. taxpayers enrolled in a High-Deductible Health Plan (HDHP). HSA deposits are made pre-tax and may be drawn at any time to pay qualified medical expenses without federal tax liability or penalty. Unlike company-owned health reimbursement arrangements, HSA accounts are owned by the individual. In addition, unused HSA funds can roll over from year to year and

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Leveraging your Donations with Scholarship Granting Organizations (SGOs)

If you live in a state that supports Scholarship Granting Organizations (SGO) and some portion of your charitable giving is directed to K-12 private schools, you could have the makings for a beautiful partnership. Seventeen states now offer scholarship tax credit programs that allow both individuals and corporations to earn additional tax credits as a result of their gifts. One success story can be found in the state of Indiana. Since its inception in 2009,

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