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…
Smartphones and tablets are used more and more by Americans to store and share information. Whether engaging in online banking, using a mobile plane boarding pass or creating work calendars shared in the cloud, the internet of things provides needed…
Consider visiting a podiatrist or shoe repair business. Chances are the owners or employees are older than 55. You are witnessing what the statistics show. Older workers dominate some professions. In addition, more Americans are working more years across industrial sectors.…