Success StoryFinancial Struggles Facing An Aging Population



Financial Struggles Facing An Aging Population

Author: Linda Brown-Price

Planning Unit: Administration - Cooperative Extension Service

Major Program: Securing Financial Stability (general)

Plan of Work: Securing Financial Stability, Estate Planning, Real Skills for Everyday Life

Outcome: Initial Outcome

As the baby boomer generation reaches retirement age and begins preparing to retire early or face retirement, most face critical financial struggles and need to make life-altering decisions regarding their financial future. Questions arise concerning estate planning, when to begin social security benefits, and investment issues. The Kenton County Extension Office, Kentucky State Area Specialist, collaborated with subject matter experts to present up-to-date information on these topics.

Sixty-three older individuals attended sessions on Annuities, Estate Planning, and Social Security. Lively discussions in each session resulted in verbal feedback between participants that enhanced the presentations. Many of the situations facing these individuals’ scenarios were shared, followed with group discussions to resolve some of the issues. A follow-up evaluation will be emailed to participants to determine usefulness of the information.






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