Richard Tizzano has practiced law for 20 years, including more than a decade in Poulsbo (www.legalpeaceofmind.com). He limits his practice to estate planning and elder law, as well as guardianships and adoptions. Tizzano, who was also a minister for 10 years, was the co-founder of Kitsap Alliance of Resources for Elders (KARE) and served as president for three years. As part of KARE, he has been educating the community about different aspects related to elder law and awareness of senior issues.

The Kitsap Peninsula Business Journal talked with Tizzano about legal topics related to aging. read more »

Edward Jones Financial Advisor Donald Logan of Silverdale is hosting a free 60-minute educational seminar titled “Retirement has changed. What’s your next move?” at 5:30 p.m. on Tuesday, March 20 at Edward Jones, 2416 NW Myhre Road, Suite 102 in Silverdale.

These days, when people “retire,” they have many decisions to make. Work part time? Volunteer? Go back to school? Whatever the decision, they need to be financially prepared. read more »

You won’t be able to withdraw an unlimited amount of money in retirement. So a retirement budget is a necessity. Some retirees forego one, only to regret it later.

Run the numbers before you retire. Often people need about 70-80 percent of their end salaries in retirement, but this can vary. So years before you leave work, sit down for an hour or so (perhaps with the financial professional you know and trust) and take a look at your probable monthly expenses. Online calculators can help. read more »

Marathon running may be viewed as a “hobby” for the pre-midlife generation and statistics seem to confirm it — the largest group of runners are men ages 40-44 and women ages 35-39, with the average age of 38.8, according to marathonguide.com. But those numbers don’t deter many local runners who’ve crossed the “middle age milestone” and continue to take their running just as seriously. And, they say, it’s never too late to start — and you’re never too old to keep going.

Peggy Van Buskirk didn’t start running until after 40. The Belfair pharmacist loved to run as a child, but didn’t have many opportunities — her high school didn’t have a girls track team. read more »

An estimated 20 million Americans are part of the so-called sandwich generation — adults who care for their underage children on one side and aging parents on the other. It’s a number that is expected to grow steadily, as more baby boomers enter the golden years, and as the life expectancy in the United States is much higher than it was for previous generations.

More than 60 percent of these “adults in the middle” are estimated to be working, adding to the pressures of raising children and caring for aging parents at the same time. While some are long-distance caretakers, many of them get their parents to move into their homes and become their primary caregivers. read more »

Scott Rouse knows first-hand the importance of long-term care planning. His parents purchased long-term care insurance about 20 years ago, when they were in their early 60s. They were both physically and mentally in good shape at the time.

“When they bought it, neither had the idea they’d need it,” he said.

About five years later, his mother was diagnosed with dementia and eventually had to move into a facility — which cost $400,000 over five years. “You can blow through an estate or retirement account pretty quickly,” Rouse said. read more »

A long-standing assumption that older people as well as those who are more educated are more financially stable may not be true. A recently released study by the University of Iowa puts into question the idea that older or more educated consumers have an easier time affording their homes.

University of Iowa School of Urban and Regional Planning associate professor, Jerry Anthony, examined data collected by the Consumer Bankruptcy Project at Harvard University of U.S. households that filed for bankruptcy in 2007. He consider various factors such as age, income and race in assessing the “housing-cost burden,” or the ratio of housing costs to income, of the families that tried to save their homes from foreclosure. read more »

Denny Hamilton has traveled all over the world, working in 82 countries as well as visiting others. For most of his career, in fact, he lived overseas while providing disaster management and community development training.

He still does some work for United Nations and others — but after decades of living around the globe, Hamilton has been ready read more »

The Social Security Administration (SSA) and Parker Financial LLC are sponsoring Social Security 101 a free workshop for all ages on March 15, at the Silverdale Beach Hotel from 5:30 to 7:30 p.m.

“We’re very excited to have Kirk Larsen come speak about social security. He’s very knowledgeable and will help shed some light on how social security works,” said Jason Parker, president of Parker Financial LLC.

Larson is the Western Washington Public Affairs Specialist for the SSA. He has worked with the agency for over 17 years in both technical and managerial roles. Kirk has presented Social Security information in both the Seattle and San Francisco Regions. read more »