Trying to work while caring for an aging loved one can be difficult, stressful and at times overwhelming. Many people feel they must quit, take a leave of absence or…
Author archives: Liz Weston
How Your Parents’ Debt Could Outlive Them
Many people believe one of two common myths when a parent dies in debt, says Chicago estate planning attorney Michael Whitty. The first myth is that an adult child will…
The Mental Health Risks of Retiring
The late Pamela Hixon of Leipsic, Ohio, was eager to retire from her job running a hospice agency. Soon after she quit, however, Hixon spiraled into depression and anxiety. She…
Why a 401(k) Rollover to an IRA Could Be a Mistake
If you leave a job or retire, you’re often encouraged to roll over your 401(k) or other workplace retirement account into an individual retirement account. That might not be the…
A Year-End Checklist to Make the Most of Retirement Savings
Age brings unique opportunities and obligations, including some important year-end tasks that can help you make the most of your money. For people 50 and older, here are some to…
8 Rules for Saving, Borrowing and Spending Money
The best personal finance advice is tailored to your individual situation. That said, a few rules of thumb can cut through the confusion that often surrounds money decisions and help…
How to Maximize Your ‘Health Span’
We’re living longer on average, but the number of years we’re healthy hasn’t kept up. This lagging “health span” translates into more time living with serious illness and disabilities at…
Smart Money Podcast: Travel Tips, and Finding the Right Financial Advisors
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about holiday travel. Then we pivot to this week’s money…
3 Times You Need Money Advice From a Human
You can now manage most aspects of your money without ever consulting another human being. You can budget, borrow, save, invest, buy insurance, prepare your tax return and create a…
How to Talk Money With Your Parents This Holiday
Holiday gatherings may present an opportunity to talk to your parents about important money issues, such as estate planning or long-term care. The need to discuss this stuff may feel…