Have you ever noticed when you ask someone the age of their baby or toddler you get answers like “he’s 18 months old” or “she’s two and a half.” If you’re turning 40 this year and someone asks you your age, you’re not likely to say, “I’m 39 years and seven months.” You are more likely to say “I’ve got the big Four-O coming up this year.” At what age do we stop using months and half years? I don’t know if anyone has ever done a study on that, but at some point we just use years, except when it comes to talking about retirement. (more…)
When talk turns to the graying of America it is common to hear terms like Baby Boomers and the Sandwich Generation. Now we can add “gray divorce.” What is a gray divorce you might ask? It is the increase in divorces among couples age 50 or older.
Along with the emotional aspects of ending a relationship that may have lasted two or more decades, there is also the financial aspect. (more…)
You’re in the international space station and you’ve been told to suit up for your first spacewalk. The pod opens and you look out into the void and you’re told to jump. You’re excited and scared. You hold your breath and jump. Then, you wake up in your own bed. Your heart is racing and you’re relieved and slightly confused. And then you remember. Today is the first day of your retirement. You have just taken a giant leap into the unknown and you have no idea what lies ahead. (more…)
Are you a business owner whose business was profitable in 2015? Great, that’s a good thing. Of course, you may hear your accountant say, “you need a tax deduction for 2015.” If you find that you need a tax deduction for the 2015 calendar year, there is an option you may want to consider: a SEP-IRA.
I have aging parents. But I don’t have children. Am I still considered part of the “Sandwich Generation” or does lack of one slice of bread put me in some type of gluten-free land? My curiosity got the better of me so when in doubt, surf the net.
Turns out I still qualify as a part of the Sandwich Generation. According to the website, “The Sandwich Generation,” authored by Carol Abaya, M.A., I am what is known as an “open-faced” sandwich. (Seriously, I can’t make this stuff up folks.). So now I know there is a catch-phrase for my situation but it doesn’t change the fact that I have a responsibility I would prefer not to have.
Helping aging parents is tough. (more…)