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Retirement Planning

Top Retirement Destinations

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 (photo courtesy of thinkpanama and flickr)

AOL had this great article today on different retirement spots in the US. The article was written by freelance writer Carol Vinzant. Enjoy all of the good information.

14 Retirement Spots Worth Considering

Today’s seniors want something better if they are going to bother moving out of their home and (more…)

Retirement in Panama – Everything Under the Sun!

Imagine retiring to a place with pristine beaches facing two oceans, a low cost of living and some of the most favorable laws in the world for retirees. Imagine living in one of the Western Hemisphere’s most cosmopolitan cities with an exciting cultural life, modern infrastructure and state of the art healthcare led by a new Johns Hopkins Hospital. If nature is more your style, live in a beautiful gated community with a Tom Fazio golf course in a beautiful mountain area surrounded by rainforest. Buy a new condo or villa and pay no property taxes for 20 years. Earn interest on a bank account or bring in offshore income and pay no income tax.

It’s not a dream – it’s Panama! Located less than 3 hours from the mainland US it has been voted the number one retirement destination by International Living Magazine, a leading authority on offshore living.

See more >>>>>

After 55 Radio – Managing Your Parents’ Money As An Adult from NPR’s “Day to Day”

Originally aired on NPR’s “Day to Day”, this short but extremely informative report deal with managing your parents’ finances as an adult child. Personal finance expert Michelle Singleterry gives some quick advice on how to be there to help your parents when it appears they are no longer able to properly manage their financial affairs. When is it time to talk about their financial situation? What are the signs that your parents could be in financial distress? Is it possible to get a Power of Attorney if you suspect there is a serious problem with way your parents are managing, or not managing their finances? Do your parents have to live under your roof for you to be able to deduct any dependent care expenses you incur caring for them?

To listen now, click the DOWNLOAD button below:

Long Term Care – Why Should You Plan?

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(photo courtesy of Studies of Solitude from Flickr – Mrs. Joy)

At some point we will almost certainly require some form of long term care. So you ask, “Well, when would I need long term care”? In health care, a person’s daily ability to function on his/her own is broken into categories called ADL’s. ADL means activities of daily living.  The basic activities of daily living consist of these self-care tasks: ….

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