Finances
Why is Older Adult Living So Expensive?
If you’ve noticed your cost of living increasing each year, you’re not alone. Everything costs more today than it did even five years ago. And if you’re an older adult who fondly remembers $90-a-month mortgage payments and 49-cents-a-pound ground beef, wrapping your head around today’s prices can be difficult at best. Do you wish to…
Read MoreExploring the Cost of Assisted Living
When you or your loved ones are faced with deciding between senior care options, chances are cost is at the top of your list regarding things you need to consider. With the average cost of assisted living going up every year, it’s also an important conversation to have with your loved ones. The cost of…
Read MoreHow to Pay for Assisted Living or Memory Care
The choice to place a loved one into assisted living or memory care comes with an array of questions: How does one pay for assisted living? Does Medicare or Medicaid cover assisted living? Which senior living community will be the best fit? Will my loved one be well cared for? What will their quality of…
Read More5 Ways to Prevent Elder Financial Abuse
In an increasing — and alarming — number of cases, older adults become the victims of financial abuse, often at the hands of family members, guardians and other care partners. As many as one in 20 seniors reports having been the victim of financial abuse, and the problem cost victims nearly $3 billion last year.…
Read MoreExploring the Uncharted World of Financial Caregiving
Every year, older adults lose billions of dollars to fraud. Trusted financial care partners — who help older adults pay their bills and monitor their accounts — serve as a critical defense against scammers. Some elders benefit from loved ones contributing to the costs of care. However, a recent study from Age Wave and Merrill…
Read MoreLong-Term Care Planning Month and National Save for Retirement Week
If you are considering a move to senior living for yourself or a loved one, you may wonder about the costs and possible payment sources. Questions around pricing for assisted living and other levels of senior living come into special focus in October as Long-Term Care Planning Month. In addition, National Retirement Security Week —…
Read MoreHow to Support a Legacy of Caring
What does it mean to leave a legacy? In its strictest definition, “legacy” can refer to anything handed down from the past or to gifts that are left in a will. While the concept can remind us of death, the truth is that leaving a legacy is one of the best ways you can continue…
Read MoreSteps to Help Seniors Avoid Identity Theft
For many seniors, having a nest egg provides peace of mind. Unfortunately, healthy savings accounts often make seniors the targets of identity thieves. Scammers also may consider seniors as easy marks because they can be more trusting than younger people, they may live alone and they often have favorable credit scores. If you’re a victim,…
Read MoreHelp Your Loved One Avoid These Top Senior Scams
If you’re over 60, you’ve likely been targeted by scammers looking to clean out your nest egg. Senior scams come in a variety of formats, but they all can have devastating consequences. By educating yourself, you can avoid becoming a victim. If you’re over 60, you’ve likely been targeted by scammers looking to clean out…
Read More8 Steps to Get Started with Estate Planning
You may have heard the saying that only two things in life are certain: death and taxes. You may have heard the saying that only two things in life are certain: death and taxes. Thinking about life’s end isn’t how most of us want to spend our Saturday afternoons. But it’s essential to plan for…
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