Ensuring Your Parents' Financial
This useful article on the AARP
website provides an overview of the process and issues of working
with your parents so that they can make the most of their
money. It also provides links to other
|Aging Parents and Adult
(A/PACT) A series of 10 articles produced by the
Federal Trade Commission in partnership with AARP. The
series will introduce you to a variety of financial and legal
eldercare issues you may confront.
|Talking With Aging Parents About
Finances, Provides strategies for dealing diplomatically with family
finance issues with aging parents.
By Marsha A. Goetting,
Extension family economics specialist and professor, Montana State
University, Bozeman, Montana; and Vicki L. Schmall, PhD, former
Extension gerontology specialist and professor, Oregon State
University, Corvallis, Oregon
Money, "76% of parents say they are very
comfortable talking about their estate with their children, but only
45% of adult kids feel the same way". This "Money Magazine"
July 2006 article describes what you need to know and how to start
|Online Guide to Tax Incentives for Retirement
Saving The guide's purpose is
threefold: to explain the different tax incentives associated with
various plans; to discuss what the government requires of such plans
as a condition of their tax-favored status; and to describe how
employers and individuals have adapted in response to tax incentives
and the accompanying requirements.
|Post-Retirement Roth Conversion. It can make sense to convert a
traditional IRTA to a Roth IRA even after retirement.