Finances

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…

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.…

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…

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,…

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…