A Week of Stress

Thomas, Howard and David take a look at the stressful week in the financial world and how that affects the Baby Boom generation. They take a look at ways to deal with the stress generated by the week's financial turmoil, and how to make wise financial decisions in a trying market.

Episode Segments:

The Importance of Planning Its important to have all of your important documents readily available for your loved ones, including a will. Thomas discuses the value of a family meeting to discuss who the parents will designate to deal with their final wishes.
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It's Bull Market for Stress Dr. David talks about the increased number of stress-related visits from patients this week, and the most common symptoms of stress-related illnesses. He has found the exercise is a big stress reliever. Howard outlines the basics of financial planning that can help reduce stress during financial tumult, and how to decide how much money to keep in a cash reserve.
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Planning for Long-Term Care A caller asks about the complexities of planning for long-term care, in planning for his parents who are in their 80s. Do you take care of your aging parent or your child's education needs first? Thomas, Howard and David discuss what you need to wigh when examining long-term care plans.
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Minding Your Health and Money The hosts answer a question as to whether it would be wise to make a contribution to a Roth IRA this weekend, rather than waiting until the end of the year. They also take a look at the radio pitch being made by Gov. Schwarzenegger to encourage the purchase of state bonds. And they discuss the value of keeping on top of your health, even if your financial life is a bit out of your control at times.
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