Senior Citizens Face Loss of Buying Power, Study Shows
Inflation affects all consumers, but older Americans are facing an especially dramatic loss of buying power.
Insights into the Changing Landscape of Memory Care
Providing memory care needs is a booming market opportunity for specialized facilities. The number of adults with cognitive impairments is increasing, but the number of caregivers is decreasing, which requires more innovative solutions. While some facilities are stand-alone solutions for…
A Guide to Understanding Generation-Skipping Transfer Taxes
Affluent families have long worried about preserving wealth and ensuring its smooth transfer through generations. In estate planning, the generation-skipping transfer tax (GST) plays a significant role. The US government established the GST to prevent individuals from avoiding estate taxes…
Taking Care of Loved Ones in a Nursing Home
The flu, pneumonia, COVID 19, and other contagious diseases disproportionately affect residents in nursing homes and other long-term care facilities. According to the American Family Physician Journal, a flu outbreak in a nursing home often affects 20 percent or more…
The Estate Planning Process for Young Parents
The thought of dying or becoming seriously ill or injured is not on the minds of many young parents. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay…
Introducing SECURE 2.0 in 2023
SECURE (Setting Every Community Up for Retirement Enhancement Act) introduced the first major changes to retirement legislation since 2006's Pension Protection Act. The impact of the SECURE Act on some retirees, near-retirees, and their future beneficiaries may significantly affect you,…
Falls Among Seniors are a Major Concern
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…
Identity Thieves Target Seniors
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…
Record-Breaking Debt Amongst Seniors
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…
Living Alone Increases Your Risk of Dementia
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…