A power of attorney is important when planning for the possibility of becoming incapacitated and needing a trusted agent to manage your affairs. These legal documents can grant broad authority to one or more power of attorney agents to transact…
Our toddler years were marked by falling down, but as we grow into our later years, falling down can be dangerous. This increased risk of injury can create a fear of falling in seniors. The fear of falling causes many…
Advanced Directives are legal documents that guide medical and health care decisions for patients who are incapacitated and cannot decide for themselves. Advance directives, sometimes called "living wills," protect individuals in the event that they are unable to make decisions…
Identity theft occurs every 22 seconds. The Federal Trade Commission (FTC) received 5.7 million complaints regarding fraud and identity theft in 2021. According to The National Council of Identity Theft Protection, cases of fraud are up 70% from 2020. While everyone…
You can provide your parents with the essential care and peace of mind they need in an assisted living community. Identifying the suitable facility "fit" for your loved one is a journey requiring matching your parents' needs, budget, and lifestyle with…
As the baby boomer generation ages and international migration continues, the senior citizen population of the United States is growing rapidly. Although the US average life expectancy has seen a slight three-year decline, many Americans, men and women, live well into…
The Inflation Reduction Act was signed by President Biden on August 22, 2022. It reforms various sectors of the economy, including Medicare prescription drug costs. Many seniors take multiple prescription drugs and use Medicare to help pay for them. Their…
Having no children or younger family members to assist them as they age can present new challenges to seniors in the baby boomer generation. As in generations before, baby boomers are living longer and healthier lives but for some, there is…
A subprime mortgage crisis triggered by falling home prices in 2006 led to the worst financial crisis since the Great Depression between 2007 and 2010. Then the risk spread into pension funds, mutual funds, and corporations that owned the derivatives. It…
Low-income seniors with limited assets and income are eligible for Medicaid, a state-federal program that makes healthcare more affordable. Many seniors believe their only option to qualify for the program is to “spend down” their assets. While this is true in…