Broker Check

8 Ways Baby Boomers Are Reinventing Retirement

| May 31, 2013

The Lead Comment

If you are . . . Widowed . . . Divorced . . . Single Parent . . . or just want to be diligent about our planning please read the New York Times article directly below -- What Millennials Need to Ask their Parents. Financially, our lives are often much more complex – with many more moving parts – than a generation ago. It therefore becomes much more important to share with someone the confidential details of your financial life – should you be intellectually incapacitated and unable to make your own decisions.

If you do not share this information with someone, the lack of information will make it much more difficult for your financial decision-maker (e.g. holder of a Durable Power of Attorney) to act in your best interests. If you die, that financial decision maker / Personal Representative / etc. will / should be working in the best interests of your stated heirs per your wills, trusts and beneficiary designations. The lack of complete information will make that Financial Decision-Makers job much more difficult, expensive, and raise the probability that decisions made are not as closely aligned with your and / or your heirs best interests as they otherwise would be.

The How-To Articles

What Millennials Need to Ask their Parents . . . New York Times

8 Ways Baby Boomers Are Reinventing Retirement . . . Kiplinger

The Finance – Economic – Political Articles

Tax Individuals, Not Couples . . . Real Clear Markets

The Real Washington Scandal? The War on Youth . . . . Real Clear Markets

The seven craziest findings in the U.S. investigation of Apple’s tax avoidance practices . . . . Quartz

Other Reads

The Obamacare Shock . . . . New York Times

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