7 ways to strengthen the grandparent-grandchild bond while sheltering in place Credit: Adobe Nothing is “normal” these days. While we don’t yet know how bad COVID-19 will ultimately be, we do know that people over 60 are at particular risk for complications, should they become ill. That has many grandparents sheltering in place and unable…

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People over 60, and especially over 80, are particularly vulnerable to severe or fatal infection. Here are some steps to reduce their risk. Amid the uncertainty swirling around the coronavirus pandemic stands one incontrovertible fact: The highest rate of fatalities is among older people, particularly those with underlying medical conditions. Of the confirmed cases in China to…

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GETTY Coronavirus has wreaked havoc on the markets. The Dow Jones has just experienced one of the quickest bear markets in history. Does that mean we’ll see one of the quickest recoveries? Does “quick” even matter in the long run? If the sudden return of dramatic volatility concerns you, you’re not alone. “When the market…

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What to do when assisting a loved one socks your wallet Family caregivers open their hearts and their minds when caregiving for ailing loved ones. They often open their wallets, too. But there are a few ways you can try to recover the financial costs of caregiving, as experts explain below. According to the 2017…

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I do not have a 401(k). What should I do?If you don’t have a 401(k) at work, the burden falls on you to finance your own retirement savings – most commonly using an IRA. While the contribution limits can be lower for an IRA than they are for a 401(k) (or most other employer-sponsored plans),…

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There are a number of hurdles to clear before you can claim an adult kid as a dependent. “To claim your child as your dependent, they must be under age 19 or a full-time student under age 24.”(GETTY IMAGES) MANY, IF NOT MOST, empty nesters are probably glad to have their adult children return to live…

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KEY POINTS “Asset location” involves strategically putting your investments in accounts based on the type of tax treatment they will get. If you have money in both a traditional 401(k) plan or IRA and a Roth version, there may be ways you can maximize the differences in taxation to reduce the amount you’d owe in…

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Continuing with the theme of the last two articles (links to these are provided below), the third theory of retirement adjustment is known as the Life Course Perspective. It’s a very broad approach coming from the field of sociology that takes into account all the elements in one’s life. This theory proposes that adjustment is…

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