Helping you Manage the Financial Details of Your Life

802-343-0389

Email: robyn@moneycarevt.com

Category Archives: Planning for Aging in Place

Avoid Decay and Stay in Control of Your Money

Would you like to feel younger next year? The book, Younger Next Year by Chris Crowley and Henry S. Lodge, M.D., explains, while we can’t stop aging, we can turn back our biological clocks. Co-authors Crowley and Lodge describe the three components to becoming functionally younger as we age. Crowley writes, “50 percent of all […]

How to Keep Your Children from Fighting Over Your Money

Adult children fighting over their parent’s money: this is one of the saddest, yet common, things I witness in my work as a daily money manager. In some cases, one or more of the children have a sense of entitlement, not understanding that their parents’ money is not theirs. In other cases, some of the […]

Should You Automate Your Parents’ Bill Paying?

Handwriting checks is time consuming. Many of us no longer write checks to pay our own bills. If you are helping a parent or an older loved-one with bill paying, he or she may be resistant to newer methods. Paper checks are familiar to many seniors and make them feel safe. Should you transition your […]

Help Others Help You: Prepare an Inventory

When I opened the door to my client’s apartment, knew I was in for a treasure hunt. Tim was a new client, and I needed to quickly understand his legal and financial situation. He was in a nursing home and unable to communicate. I spent hours looking through his papers for clues. Many of us […]

How Do You Know When Your Parents Need Help With Money?

Barbara’s mother called in a panic. Her power had been shut off.  Barbara contacted the electric company and learned her elderly mother had not paid her bills in several months. Barbara, who lives in another state, made an emergency trip sort out her mother’s affairs. She learned other utilities had not been paid and last […]

Parents and Gifts: A Balancing Act

As your parents age, you may become increasingly involved with managing their money. One delicate aspect of this role is helping them make financial gifts to family members and other individuals. Many families have complicated dynamics around money. How do you navigate this possible quagmire? Marcy helps her mother, Lila, manage her finances and will […]

Social Security: Not Your Private Retirement Account

Many people think, when they pay Social Security taxes, the government holds their money in a personal retirement account for them. This is not so. Social Security is a “pay-as-you-go” social insurance program. Payroll taxes paid by today’s workers and their employers are used to pay the people currently receiving benefits. When today’s workers retire, […]

From Out of the Dust Bowl Came Social Security

Social Security, the social insurance program that helps millions of Americans, turned 80 years-old last month. President Franklin D. Roosevelt signed the Social Security Act into law on August 14, 1935. I had two serendipitous experiences this summer which brought to life the conditions leading to the creation of Social Security. First, I visited the Franklin […]