Author - Eve L. Kaplan, CFP®

1
What To Do About Aging Parents: A 15 Pt Check-List
2
What To Do When Family Members Need Financial Help
3
Managing Your Financial Life Well: Things to Do and Things to Avoid
4
Big Changes in Social Security Headed Your Way
5
When Your Parent’s Financial Problems Become Your Problems…

What To Do About Aging Parents: A 15 Pt Check-List

By Eve Kaplan, CFP® Professional

A hundred years ago people in the US were extremely old if they lived past 65. What a difference living in 2016 makes! Reaching age 65 now represents just the 2/3 mark for many people expected to live to 95 and beyond. Health, exercise and medical advances all make this possible in a way unimaginable through most of human history.

That’s wonderful news, but what happens if your aging parents weren’t expecting to live into their 80s and 90s? It could mean they become an emotional and/or financial burden to their adult children, placing some …

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What To Do When Family Members Need Financial Help

By Eve Kaplan, Certified Financial Planner ™

Welcome to the Sandwich Generation! You’re a member if you’re “sandwiched” between helping adult children and aging parents.  Americans see themselves are more “independent” and sometimes less family-oriented than some other cultures but you still may be on the hook to support adult children in their 20s, 30s and beyond – while simultaneously savings for yourself plus helping prop up your parents in their 70s, 80s and 90s.

A generation ago it wasn’t uncommon for a 25 year old man or woman to be married, own a home, have young children and already …

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Managing Your Financial Life Well: Things to Do and Things to Avoid

by Eve Kaplan, CFP(R) Professional

It’s easy to feel overwhelmed by all the things you need to do to manage your life well – be it exercise, meditation, diet or making smart financial decisions. When confusion reigns, you may end up focusing on the trees instead of the “big-picture” forest.  How can you manage your financial life well?

To shed light on this subject, I’ll be giving a free talk on Monday April 25  (7:30-8:45 pm) at the Bernards Township Library, 32 South Maple Avenue, Basking Ridge NJ. (For RSVP info, see the bottom of this article).

Here’s a sneak …

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Big Changes in Social Security Headed Your Way

by Eve Kaplan, CFP(R)

There are big changes in Social Security benefits headed your way. Congress surprised the financial advisory community in November 2015 by killing off two Social Security strategies many of us advisors utilized to maximize benefits for our married couple clients:  1) “file-and suspend” and 2) “restricted application.” Couples most affected by these changes are in their 50s and 60s.

Some of these changes already went into effect on 12/31/15 and others go into effect on April 30, 2016 – so you still have a few months to capture some of these strategies before they disappear.

“File …

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When Your Parent’s Financial Problems Become Your Problems…

By Eve Kaplan, CFP® Professional

What should you do when your parent or parents’ financial problems become your problems? We Americans are notoriously private about financial matters; it’s common for adult children and parents to share very little in the way of financial information. This kind of privacy can come back to bite us, however, when issues or problems our aging parents face become our financial problems, too. Here are two examples of how adult children tackled these issues.

  1. Janice and her mother, Joy:

Janice’s mother, Joy, is in her early 80s. Her father passed away several years ago. Both …

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