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5 gifts for a retired mom

By Jennie L. Phipps · Bankrate.com
Sunday, May 12, 2013
Posted: 6 am ET

Happy Mother's Day. I'm sitting here admiring my five cards. I hope all the rest of the moms are doing something similar.

While it's not too late to run out and buy a bouquet, here are five more thoughtful suggestions for recognizing just how great Mom is. While you can't buy most of these today, you can tell Mom your intentions and that's good enough.

Buy Mom a long-term care insurance policy. Anna Rappaport, chair of the Committee on Post-Retirement Needs and Risk for the Society of Actuaries, says older women are the people most likely to need long-term care. If you buy Mom a policy -- or help her buy one -- you may be saving yourself from having to care for her when she's unable to take care of herself.

Sign Mom up for some sessions with a fee-only financial adviser. Retirement planning is a woman's issue. Nearly 48 percent of divorced women told Allianz Life in a recent survey that divorce plunged them into a financial crisis. Among widows, the wake-up call was even stronger, with 84 percent saying that becoming a widow created a financial crisis for them.

Give Mom some education. Time to turn a passion into a business can be one of the most fulfilling opportunities of retirement, as well as provide much-needed income. Offer mom a class -- and a nudge -- to get her small business off the ground.

Upgrade Mom's computer or phone. Make it easier for Mom to keep in touch with you and the world by making sure she has a smartphone or an easy-to-carry tablet.

Give her an invitation. If you live far away, your mother would love to visit. A long weekend would be sweet.

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