Senior Financial Planning_ A Step-by-Step Guide for 2025

Senior Financial Planning: A Step-by-Step Guide for 2025

As of November 19, 2025, financial planning for seniors focuses on sustaining income, managing rising costs like healthcare, optimizing taxes amid potential changes (e.g., the estate tax exemption sunset), and protecting assets. This guide synthesizes expert advice from sources like NerdWallet, the National Council on Aging (NCOA), and Fiducient Advisors, tailored for retirees or those nearing retirement. It's not personalized advice—consult a financial advisor, tax professional, or elder law attorney for your situation. Approach at your pace, and include worksheets for each step to track progress.