The Peak Earners Don't let looming college bills keep you from putting money away for your own retirement. This is an age of not so good choices. You must look after yourself as well as your children. If you're under this age and reading this section this can be avoided by saving more, earlier in your life. Discuss finances with your aging parents.
Parents are reluctant to talk to their children about finances but it needs to be done.
A CPA can be a real help in this process. Having the parents and children in the office, the CPA can be an objective outsider to see if there will be sufficient assets to meet your parents' needs or if you need to help them some each month. The Pre-Retirees Financially this is a particularly tough time of life. Then you realize that in America today with one of our lowest unemployment rates in years, companies announced the elimination of some 600,000 jobs in 1998. Even I know that's not true.