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…
As Americans age, they are increasingly choosing to age in place. Nearly all older adults prefer to age in the comfort of their long-time homes and familiar community surroundings. Aging in place often means living alone. Pew Research findings show…
1. My family and I don’t own much. Can’t we put off planning until we can afford it? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything…
45 percent of older Americans cannot meet their basic needs financially, which is nothing short of a national tragedy. Many of these older adults must routinely shuffle their available resources in an attempt to keep quality health care, a roof…
Many people's finances have been on a roller coaster ride during the last few years of economic turmoil. Some people were able to use stimulus money for travel, home renovations, and other large purchases. In contrast, others used the money…
Plan, Don’t Wait, for an Emergency That sounds like something your mother might say, right? And how often have you wished that you’d followed mother’s good advice? Nobody really wants to think in advance about accidents or illness. But if…
There is no doubt that we live in a stressful world where we are constantly bombarded with negative news. We also feel the stress of injury and illness. Chronic pain can be especially stressful. Finding ways to release and cope with…