Financial Planning for the Generations
By Elaine Floyd, CFP | Horsesmouth In most families, the needs and interests of family members overlap. Even if your money is separate, planning needs to happen for all. It is normal, when working with your financial professional, to focus on the needs of your immediate family. If you are a baby boomer, for…
Read MorePlanning Your Legacy: Where to Start
By Elaine Floyd, CFP | Horsesmouth As a generation, baby boomers are starting to wonder how we can leave our mark upon the world. What, besides material possessions, can we hand down to the next generation? How do we capture and define the wisdom and values that we’ve cultivated over decades of experience? How…
Read More5 Key Components of a Comprehensive Estate Plan
By Debra Taylor, CPA/PFS, JD, CDFA | Horsesmouth One of the most important documents you can have is a solid estate plan. Here are five key things to do to give yourself peace of mind regarding your affairs. “I’m too young to need an estate plan.” “I don’t have enough assets to worry…
Read More6 Documents You Need to Preserve Family Legacy
By Debra Taylor, CPA/PFS, JD, CDFA | Horsesmouth You may be surprised at some of the documents we recommend when it comes to estate planning and generational wealth transfer. Leaving a lasting legacy for your family requires smart planning now. Intergenerational wealth transfers can create havoc within the family if not handled correctly.…
Read MoreMental Health & Emotional Well-Being in Seniors: Tips to help you define your quality of life in your retirement years
Mental health and emotional well-being are vital aspects of life, particularly in our later years. The transition into retirement presents a myriad of changes that can bring joy and newfound freedom but also stress and uncertainty. As such, it’s important to understand the critical concerns of depression and anxiety in seniors and have practical strategies…
Read MoreHow to Help Aging Parents
Financial capacity – the ability to manage your finances in your own best interest – involves everything from paying bills to reading a brokerage statement and weighing an investment’s potential risks and rewards. And preparing for the potential decline of that capacity is as important as planning for long-term-care expenses or keeping your estate plan…
Read MoreHolistic Help for Caregivers of Aging Parents
By Elaine Floyd | Horsesmouth An integrative caregiving plan can help you contain costs and take advantage of the various planning and health care resources available. The wild card in any financial plan is the length and severity of the aging process. Longevity coupled with incapacity can decimate a family’s resources, forcing adult children…
Read MoreBuilding Health Care Costs into Retirement Planning
By Amy E. Buttell | Horsesmouth Health care planning is a sensitive subject that often takes you and your advisor places you don’t want to go. But given rising expenses, no retirement plan is complete without some kind of provision for health care needs. Here are some guidelines and resources for estimating your needs and…
Read MoreWhat You Need to Know About Disability Benefits
By Elaine Floyd | Horsesmouth Most of us probably hope that we will never need disability benefits. But for those who qualify, they can be an important source of income. The disability portion of the Social Security program is so big and so complex that there are law firms that specialize in helping…
Read MoreChecklist: Is It Time for Assisted Living?
By Jennifer Reimer | Horsesmouth Editorial Assistant How do you know when loved ones are ready for assisted living? Use these guidelines to help spot the warning signs of aging and illness. Rosalyn Carter once said: “There are only four kinds of people in the world—those who have been caregivers, those who are…
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