JK Daily Money Management

05/07/2025

Interesting piece by the Center for Retirement Research at Boston College which discusses how retirees respond to spending shocks related to medical or LTC expenses.

How Do Retirees Cope with Uninsured Healthcare Costs? February 18, 2025 Share Issue Brief by Anqi Chen, Alicia H. Munnell, and Gal Wettstein The brief’s key findings are: Long-term care (LTC) costs are generally not well insured, posing a significant risk for older households as they age. Using ...

08/21/2024

Here's what clients are saying about JK Daily Money Management...

“I honestly don’t know what we would do without Mr. Kennedy and cannot begin to make enough positive statements about his work. To say he has helped manage my parents’ finances is a vast understatement of the services he has provided. He not only helps with day-to-day matters such as bill payi...

06/20/2024

Some Medicare basics from Kiplinger for those 10,000+ Americans turning 65 each day in 2024.
https://buff.ly/4c7JwyP.

When you turn 65, you have to master a new health care system. We’re here to help.

06/12/2024

Starting the process is easier said than done, but this Kiplinger article discusses the importance of estate planning.

Getting started on your estate plan can be daunting. Breaking the process down into these six smaller tasks can help you avoid getting overwhelmed.

04/25/2024

https://buff.ly/4aTbIoy
Informative article regarding Medicare enrollment for new retirees by the Center for Retirement Research at Boston College

New Retirees: Avoid Costly Medicare Sign-up MistakesApril 25, 2024Share Squared Away Blog by Kimberly BlantonTo retire is to enter the unknown.Rick Fine has demystified one aspect of retirement: Medicare. As the director of financial planning for an advisory and investment firm, he has put together....

01/31/2024

https://buff.ly/49hTKee
For new widows and widowers, the death of a spouse can have immediate financial implications. This NerdWallet article discusses a few things to consider in the short-term.

Making financial decisions when you’re grieving isn’t ideal, but these money tasks are time-sensitive.

01/17/2024

https://buff.ly/3U4cr0l
This Kiplinger article has some helpful tips for retirement planning, particularly for younger adults just starting their careers.

Applying these best practices of retirement planning to each phase of your life can help put you on track for the retirement of your dreams.

01/10/2024

Financial abuse is a serious concern for many of my older adult clients. This Kiplinger article discusses the topic and emphasizes the importance of raising awareness. Check out the article here:

Scams are everywhere, and older people are prime targets. It’s critical to be vigilant, safeguard personal info, get paperwork in order and more.

12/02/2023

When was the last time you reviewed the beneficiary designations on your financial accounts? I have had several client situations recently in which the original beneficiary predeceased the account holder or there was an account with no beneficiary designation. This can lead to a more complicated and expensive process of distributing the underlying assets.

From Legal Zoom: Check your beneficiary designations from time to time to make sure they are what you intend them to be. Also, ensure you have an alternate beneficiary in case your primary beneficiary predeceases you. You should check all of your estate planning documents every few years—and the same goes for beneficiary designations.

11/29/2023

This Kiplinger article discusses the financial strains that many Gen Xers are experiencing. The potential financial impact of caring for aging parents adds to the mix.

Saving for retirement and college at the same time is tough. As you prepare to send your kids to college, don’t neglect your nest egg.

11/08/2023

Medicare Open Enrollment is also open season for scammers. If you need assistance with Medicare choices in NYC, call 311 and ask to speak with a DFTA HIICAP counselor.

According to some estimates, Medicare fraud — including elder abuse — costs in the neighborhood of $60 billion a year.

08/28/2023

Helpful article in Forbes discussing the importance of communication in planning for your aging parents.

This is a discussion of how to get on the same page as a family and prepare for the financial impacts of aging parents.