Category: Dependents
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In Memoriam: My Father

In Memoriam: My Father

    Dean Nordman passed away on Saturday morning 18 November 2017 at age 83 due to complications from Alzheimer's disease.   Dad & me, early 2002. Regular readers may remember that my father first noticed his dementia symptoms in 2008 (at age 74) yet he refused all offers of help. ...

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College 529 Plans – Saving for College

College 529 Plans – Saving for College

This article is meant for people who may have heard about college savings plans and would like to know a little more.  College planning for your children is a topic that can cover a wide variety of beliefs (should you foot the entire bill, how much should you save), options, programs, government incentives and ...

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Alzheimer’s Care Financial Update

Alzheimer’s Care Financial Update

  It's been a busy few months for us Nordman family men, but the fallout is settling. Dad's still healthy and mobile, he just turned 82 years old, and he's still deep into mid-stage Alzheimer's. He's doing "as well as can be expected" (I've learned to despise that phrase), but everything else has changed. ...

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Why I Won’t Buy Long-Term Care Insurance

Why I Won’t Buy Long-Term Care Insurance

Note:  My Dad is still deep in mid-stage Alzheimer's Syndrome, but he's healthy and doing fine.  This post is about my experiences with his insurance.   There are hundreds of posts on the pros and cons of long-term care insurance, but most of them approach the question from a financial perspective. Today ...

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The Pitfalls of Your Parents’ Finances

The Pitfalls of Your Parents’ Finances

Have you had the financial independence talk with your parents? (No, I don't mean the one about college costs and student loans, or the one about helping out with your down payment on your first house.) I'm talking about the one where you hope they'll talk about their health and tell you how to manage their ...

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Start a Roth IRA For Your Kid

Start a Roth IRA For Your Kid

Now that the 2013 tax planning is over, let's talk about 2014. A reader asks: I think you mentioned before that you set up an IRA for your daughter. How did you account for wages and a W-2? Did she work for you or earn income from someone else? I've set up a Roth IRA for our teen for work done around the house, but ...

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