Military Family - Spouses & Dependents

Geriatric Financial Management Update

Author: Doug Nordman Last Updated: August 6, 2019 3 Comments

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Along with FINCON12 I've visited my Dad and worked on his finances. I'll talk about how he's doing now and then I'll review the latest financial lessons. Alzheimer's is relentless. Dad's mid-stage symptoms are worse and his brain is losing control of his emotions. He has trouble remembering faces and aphasia is setting in. For the last 18 … [Read more...] about Geriatric Financial Management Update

Forensic Geriatric Finances

Author: Doug Nordman Last Updated: June 27, 2018 2 Comments

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Today's post revisits the subject of caring for the financial independence of your loved ones. There's nothing here about military retirement, but I'm very glad that our aggressive savings and low-cost lifestyle have enabled us to retire from military service without a bridge career. As all too many of us Baby Boomers are finding out, eldercare can … [Read more...] about Forensic Geriatric Finances

USAA’s savings goals and 529 plan calculators

Author: Doug Nordman Last Updated: June 27, 2018 Leave a Comment

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USAA has offered their "savings goals" calculator since January, but they've recently expanded it for students & parents. They've released a very detailed education savings planning tool that greatly simplifies the data crunching and the fund selection. The Education Savings Planner is part of their Goals Planning Tool at … [Read more...] about USAA’s savings goals and 529 plan calculators

529 college savings for military families

Thanks to Brandi for her comments on an earlier post, and her question: My favorite part of the book was all of the personal stories. I can understand how the math works – I’ve calculated all of my future pay raises, estimated rate of savings, and projected retirement benefits to figure out how much I should have saved and how much … [Read more...] about 529 college savings for military families

Starting your kid’s Roth IRA

Source: goodfinancialcents.com via Jeff on Pinterest Earlier this month, noted CFP & military veteran Jeff Rose was running a financial seminar with a roomful of college students. These seniors are graduating in a couple of months to (hopefully) earn the big bucks for their retirement accounts. He wanted to suggest ways to start on … [Read more...] about Starting your kid’s Roth IRA

Geriatric financial lessons learned

Author: Doug Nordman Last Updated: March 27, 2019 10 Comments

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[Note: Dad passed away on 18 November 2017 from end-stage Alzheimer’s. This post is about my experiences with his care.] I'm finally my Dad's conservator. For first-time readers, let's back up a bit on why this was necessary. Dad's Alzheimer's has progressed to mid-stage and we didn't have power of attorney. He lived … [Read more...] about Geriatric financial lessons learned

Parent’s letter to an 18-year-old

After those last two blog posts, it's time to lighten things up a little. Let's talk about figuring out the "new rules" when your fledgling leaves the nest. Our daughter has given me permission to blog about an e-mail that we sent her a few weeks after she started college. Until she turned 18, her checking account and her credit … [Read more...] about Parent’s letter to an 18-year-old

Geriatric financial management update

Dad's doing fine in the care facility. He's happy and he's safe. His Alzheimer's symptoms have stabilized with their care. He's coping with his myeloma symptoms and waiting for chemotherapy to start. He's sleeping more than he should (Vicodin for the pain), and he's weak (anemia), and he's losing weight, and these are all bad signs, but all in the … [Read more...] about Geriatric financial management update

Geriatric financial management

Many of us Boomers are caring for aging parents, but nobody seems to talk about it. Maybe we don't like to contemplate the foreshadowing of our own mortality, or maybe society deems it to be selfish complaining. Yet if the subject happens to come up in a Boomer conversation, then everyone has their story. Some of them are happy, a few are sad, and … [Read more...] about Geriatric financial management

More on caring for an elder’s finances

Thanks for all your feedback since my first post on my financial lessons learned from caring for an elderly parent. Frankly, writing about it helps me make sense of the situation. I also appreciate your backup! My Alzheimer's research led me to a number of websites covering all aspects of the syndrome. Unfortunately no single site covers it all, … [Read more...] about More on caring for an elder’s finances