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…
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…