A Guide to Giving and Lending Money

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Has a friend or relative ever asked you for a sizeable loan or financial gift? Handling this situation can be tricky. You don’t want to damage your relationship, but you also need to do what’s right for yourself.

With a careful approach, however, you can smoothly manage whatever request comes your way.

Saying Yes

If you’re comfortable saying yes…

By Jennifer Frost

Council of mortgage lenders statistics show that 52% of first time home buyers get help from family members. With the majority of them being in their 20s and 30s, huge student loan debts, high property prices, and poor credit rating make it hard for them to afford to buy a house on their own. This means that most American family members especially retirees feel it’s their duty to support younger family members…

By Jennifer Frost

Two of the most important factors in a close relationship with your grandchildren are physical proximity and frequency of contact. Although you may not live nearby, ensuring that your home is child-friendly and provides a welcoming environment for all your extended family, means you will likely receive more visits and get to spend more quality time together. A few checks and minor changes to your home can make…

Where Harry Markowitz, Father of Modern Portfolio Theory, Is Invested Now

From: www.thinkadvisor.com

The 91-year-old Nobel winner also told ThinkAdvisor that AI should stand for “artificial idiocy.”

Nobel Prize winner Harry Markowitz, who conceived Modern Portfolio Theory, is 91 years old, boasts a list of corporate clients as long as your arm and has no intention of keeping his controversial views to himself, as evidenced in an interview with ThinkAdvisor.

For starters,…

By Jennifer Frost

Nearly a quarter of Americans retire before the age of 55. These days, ‘retirement’ does not necessarily mean not working or earning an income, but rather living day-to-day life doing things for enjoyment, perhaps generating a passive income instead of ‘actively’ earning money. Being savvy with property can be a great option in this respect. However, you will need to save a lot of money – in the…

By Jennifer Frost

Dogs are a man’s best friend, and this is particularly true for seniors. If you’re retired or soon-to-be retired, a dog can help you enjoy your golden years to the fullest. Dogs keep you fit, healthy, happy, and may even extend your lifespan. A study in Scientific Reports found people who lived alone with a dog had a 33% reduced risk of death, and an 11% reduced…

Many people spend years dreaming about the day they will retire. They envision spending time in their vacation home’s with their family and friends at their sides. However, for some, this vision doesn’t become reality.  Instead, they spend their golden years working instead of at the golf course or having coffee with friends. If you have a sneaking suspicion that you may be a person who needs to delay retirement, then here’s what…

By Jennifer Frost

The way that we age is only 20% down to genetics. The other 80% is down to how healthy we are and the lifestyle that we lead. If you retire at 60, you may have several decades to enjoy and it is important to spend this time well. You might be slowing down in terms of your working life, but to slow down the aging process, you…

Medicare Is Confusing, But It Doesn’t Have to Be

By Sharon Wagner (www.seniorfriendly.info)

Twenty-three percent — that’s the number of seniors who stated that reviewing their Medicare plan was the most unpleasant task among choices such as going to the dentist and getting a colonoscopy. Why? Medicare and all its parts and supplements are confusing. Medicare Part A, B, C, D, Medigap — what…

How to Spend Down Income and / or Assets to Become Medicaid Eligible

From: www.medicaidplanningassistance.org

Medicaid Spend Down: An Overview

For Medicaid eligibility for long-term care, an applicant must have income and assets under a specified amount (as well as have a need for long-term care). If the applicant’s income or countable assets exceed Medicaid’s financial limits in their state, it is possible to become eligible by “spending down” one’s income…