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Financial Planning for the Second Half of Life

The United States has an increasingly aging population including baby boomers age 50 to 68 (in 2014). Older adults face unique financial planning challenges. These include making irrevocable decisions about claiming Social Security benefits, selecting Medicare supplement health insurance and long-term care insurance, selecting income-based investments (e.g., annuities), making sustainable retirement asset withdrawals, and calculating required minimum distributions (RMDs) due on tax-deferred savings plans such as traditional IRAs and the Thrift Savings Plan (TSP). This 90-minute webinar will “package” together 15 key later life financial planning topics that older adults and the practitioners who serve them need to understand and address. Topics that will be covered in the webinar include:

  • Common financial errors of older adults
  • Statistics about older adult finances
  • Common later life financial characteristics and required decisions
  • 15 key later life financial planning topics (e.g., creating a retirement “paycheck,” required minimum distributions, untitled property transfers, and leaving a legacy)
  • Personal finance resources for older adults and financial practitioners

Participant interaction will include discussing workable financial planning strategies for older adults, older client errors and “blind spots,” older client success stories, and more.

1.5 CEUs available for AFC-credentialed participants.  More information about this process is available here. 

For information on how to join this webinar, click here

Speaker 

Dr. Barbara O’Neill, financial resource management specialist for Rutgers Cooperative Extension, has been a professor, financial educator, and author for 35 years. She has written over 1,500 consumer newspaper articles and over 125 articles for academic journals, conference proceedings, and other professional publications.  She is a certified financial planner (CFP®), chartered retirement planning counselor (CRPC®), accredited financial counselor (AFC), certified housing counselor (CHC), and certified financial educator (CFEd). Dr. O’Neill served as president of the Association for Financial Counseling and Planning Education and is the author of two trade books, Saving on a Shoestring andInvesting on a Shoestring, and co-author of  Investing For Your Future,Money Talk: A Financial Guide for Women, and Small Steps to Health and Wealth.  She earned a Ph.D. in family financial management from Virginia Tech and received over three dozen awards for professional achievements and over $900,000 in funding for financial education programs and research.

This Cover photo image the romanian mob by Jon Rawlinson  for this webinar is licensed Creative Commons

Presenters

Barbara O'Neill

Created by Molly Herndon

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