Senior Financial Planning

With the help of a well thought-out savings plan, grandparents can help their grandchildren avoid college debt and get off to a more financially secure start.

Inheriting an Individual Retirement Account (IRA) has certain tax implications. Understand your options to avoid costly mistakes.

Assemble a winning team of professionals to help you manage your finances and plan for the future. Make sure these three experts are in your lineup for long-term success.

There are undeniable benefits to purchasing an annuity to provide retirement income, but careful planning and consideration are required to find the investment product that is the best fit for your financial situation.

Annuities are one of the more complex options that can be used in a financial strategy. Learn to decipher the jargon and figure out a better way to use them for retirement planning.

People are living longer in retirement, which means many are at risk of outliving their savings. Retirees who carefully manage their spending are more likely to weather market fluctuations well and make their nest eggs last.

Numerous resources are available to educate a spouse or an aging loved one on the basics of personal finance, retirement planning, investing and more. In fact, some of these learning tools are both practical and enjoyable.

Bells are ringing all over town as charities ramp up appeals for holiday donations. Use these simple strategies to give confidently and maximize your charitable efforts this season.

Older investors who own Individual Retirement Accounts must start taking the money out when they turn 70½. The 50% tax penalty for failing to do so can be brutal.

Safe government-backed CDs and bonds are generating so little income that many investors are scouting riskier options. Discover ways to make ends meet without taking on significantly more risk.

Their wallet can tell you a great deal about their ability to manage their finances. Ensuring its contents are current and organized will help to extend their independence and make dealing with banks, Medicare and credit card companies simpler.

Speaking with your parents about their financial future isn’t an easy thing to do. However, a bit of planning and candid conversation will prevent unnecessary complications if someone needs to step in to manage their affairs.

Special Needs Trust Funds can help safeguard disabled individuals against becoming impoverished. However, the use of these funds must comply with government agencies' income guidelines.

Pension poachers look for older adults who are eligible to receive a pension and convince them to restructure their assets in a way that could cause trouble when applying for Medicaid.

Will you owe a gift tax this year? Use this Q&A to determine if the “gifts” you have received are considered taxable revenue.

The money a Social Security beneficiary receives could affects their taxes. Discover the current base amounts and tax rates for each filing status and determine if your benefits are considered taxable income.

401(k) plans are an employer-sponsored benefit that enables workers to set aside money towards their retirement. How do you decide which kind of 401(k) plan is best for you? Very carefully.

401(k) plans are one tool for saving for retirement that financial advisers urge Americans not to forgo. If your employer offers one of these programs, opt in as soon as you can.

A roundup of web-based and mobile financial tools that will help you monitor your money, budget better and save more.

The costly difference between male and female caregivers stems from one staggering statistic.