Financial health plays a crucial role in the quality of life for aging Seniors. How we spend these years depends, in a large part, on the financial foundation we lay during our active employment years. Although many people find their resources dwindling as they move into retirement, and find Social Security inadequate to cover all our expenses, there are several steps that you can take to effectively finance your golden years.
When it comes to vehicle fatality rates, many believe that teenagers are the highest risk group, but that is not the case. Actually, it is senior citizens, ages eighty and above that have the highest average fatality rate for vehicle crashes based on miles driven. Essentially, too many senior citizens tend to drive long after […]
For seniors and their families, the prospect of becoming one of the 1.5 million people who reside in a nursing home can be scary. If you haven’t had experience with nursing homes, you probably don’t even realize how little the majority of people know about day to day life inside one. A lot of public […]
With the average monthly cost of an assisted living facility just over $3,000, it’s important to know that your loved one is getting what they, or you, are paying for. While you expect to see various types of physical health care providers employed by an assisted living facility, did you know that you should be […]
A lack of mobility can be a serious problem for many, whether it be through old age or disabilities. This is more important in your own home, where the inability to move comfortably around can be very distressing. Furthermore, you might also consider any solutions to be over expensive, yet this doesn’t need to be […]
Long Term Care Insurance For the first 32 years of my life, I gave absolutely no thought to long-term care insurance policies. By the time I turned 33, I was thankful my grandparents had the foresight to purchase a policy. Both were diagnosed with probable Alzheimer’s disease, and my father, their only son, was struggling with cancer and dementia […]
Debt: Don’t be Liable The term Power of Attorney (POA) is often used to refer to the capacity of “attorney-in-fact” which allows one person to act as an “agent” for another person. Unfortunately, a power of attorney ends when the person granting the power to another becomes incapacitated. In order to allow the person to continue acting on your behalf […]
How to Invest Your Mother’s Money – And Keep Your Peace of Mind By Jeff Clark, Casey Research I manage one of my mother’s IRA accounts, and when it comes to investing money, she doesn’t like to take a lot of risks. I guess the same would be true for most of our mothers – and […]