To reinforce my earlier post about giving mom an Individual Retirement Account rather than flowers or brunch for Mother's Day read on...
"As Mother’s Day approaches, families are busy buying flowers or booking a
brunch at a favorite restaurant. Sounds great, but you may want to
check on Mom’s retirement plan."
1. Moms generally earn less…
2. …so they save less for retirement…
3. …and receive lower Social Security benefits.
4. Yet they have longer retirements to finance…
5. …which adds up to higher odds of poverty in retirement.
Read the details by Penelope Wang at: http://time.com/money/4318170/retirement-penalty-mother/
Then search for "IRAs" on this blog for how to arrange an individual retirement account for mom. Adult children might want to contemplate the impact on their lives when mom is old and living on only Social Security.
The term “financial planner” is used by many financial professionals. You should ask any planner what qualifies him or her to offer financial planning advice.
ReplyDeleteA CERTIFIED FINANCIAL PLANNER™ must have passed a rigorous CFP certification process that includes significant education and experience requirements, as well as pass a comprehensive exam that tests their personal financial planning knowledge and skills.
Additionally, CFP registrants must meet regular continuing education requirements (30 hours/2 years) and ethics requirements. You may visit www.CFP-Board.org to check whether your financial planner is a CERTIFIED FINANCIAL PLANNER™.
Financial planning Northwest Ohio
Great Blog I Have Read Your Blog It Is Amazing And Very Interesting For Financial Planning Thank You For Posting And Sharing With Us And Your Writting Style Is Very Good. Please Give Me More Information For Financial Planning Company.
ReplyDelete