KeatsConnelly Cross-Border Weekly Best of the Web 2014-8-22

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we begin with a piece on helping parents work through estate planning issues and then move to two pieces with a heavy focus on preparing for retirement.

Five financial questions to ask your aging parents (http://www.theglobeandmail.com/) – The Five Wishes – Five Wishes is a tool for developing an advance directive document, including the living will, and was developed in the United States. It talks about the person’s emotional needs, medical wishes, and spiritual needs. Developed in part by the American Bar Association to help people deal with the legal problems in end-of-life care, this model can also be used informally in Canada as a starting point for discussion…

Finding an Identity Beyond the Workplace (http://www.nytimes.com/) – When Guy Johnson retired from his tax management position at Unilever, one of the world’s largest consumer products companies, he was sure that he was prepared. But he was fooling himself. “I lost myself when my wife, Barbara, and I moved to Sarasota, Fla., from Bergen County, N.J.,” Mr. Johnson said. “I planned my retirement financially, but I didn’t plan it otherwise…

Workers spending more time planning vacation than retirement (http://www.cnn.com/) – Without a doubt, figuring out how to invest the money in your nest egg can be daunting. Yet many people spend more time researching which car to buy or where to go on vacation than they do investigating the investments in their 401(k).In a survey of 1,000 retirement savers conducted for Charles Schwab, more than half said they had spent five hours or more doing research the last time they bought a car, and 39% said they spent more than five hours exploring vacation possibilities. Meanwhile, a mere 11% said they had spent that amount of time evaluating investment options for their 401(k)…

Come back next week for more interesting news and articles. Enjoy your weekend!

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Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
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