Selected articles from Boomer Life Magazine about Boomer financial resources and money matters.

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Identity Theft
Growing and deadly
By Joan Tupponce

Lighthearted ads touting bank services that protect against identity theft may elicit laughs but being robbed of your good name is no joke. Identity theft is a personal invasion clothed in secrecy.

“Identity thieves steal consumers’ time, money and security, just as sure as they steal their identifying information, and they cost businesses enormous sums,” says Federal Trade Commission Chairman Deborah Platt Majoras.

Develop a life plan
Financial foresight helps with your “sandwich” needs
By Joan Tupponce
The call that Kevin Deckert received in early November 2007 wasn’t one he’d anticipated. His mother had suffered a stroke and lost cognitive functions. “The damage to her brain was so serious that it shut down and eventually shut down her body,” Deckert says.

Deckert’s mom was only 71 when she passed away a few days later. Her death forced Deckert, president and CEO of Deckert Leahy, a fee-only private wealth management firm, to face the realities of being a member of the sandwich generation. “I now have a father who is 82 and I also have a senior in high school,” says the baby boomer. “By the time my son is through college, my father will be 86.”

The sandwich generation, aptly named because they are sandwiched between two generations, faces three monumental tasks — preparing for their own retirement, saving for their children’s college education and caring for aging parents. “The idea of trying to financially deal with all three circumstances is a huge undertaking, both emotionally and physically,” Deckert says.
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Getting to the altar … again
Talking finances before you say “I do”
By Joan Tupponce
There’s nothing romantic about discussing finances. But when it comes to preparing for a second or third marriage, that conversation needs to take place before you say “I do.”
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