The unknown about spending in retirement is not just whether it will be higher or lower, but when during the course of retirement, you’ll be spending more or less. If you downsize, housing costs will decrease, but if you travel more, recreational spending will rise. According to a recent article…
A generation seems to be waking up to the concept that they are likely to need to care for a spouse or a family member, and they’re taking it seriously. A study from Bankers Life Center for a Secure Retirement reported that 90% of baby boomers surveyed understand that they…
We hope to enjoy out golden years, relaxing after decades of working and raising children. However, as we age, the likelihood of experiencing health issue increase. That includes Alzheimer’s disease and other forms of dementia. Learning that a loved one has Alzheimer’s or other diseases that require a great deal…
It used to be unheard of, a divorce after fifty, sixty or even seventy years old. However, gray divorce is now becoming more common. There are pitfalls to be aware of, before taking this big step. According to the National Center for Health Statistics and the U.S. Census Bureau, younger…
The progressive nature of dementia makes advance directives necessary to manage the health care needs of the patient. When adult children suspect that one or both of their parents may be suffering from the early symptoms of dementia, it’s a good idea to sit down with an experienced elder care…
Life before Medicare was a real struggle for seniors without healthcare coverage. Today’s program still works wonders, but it doesn’t cover everything. Once you turn 65, you are eligible to take part in the Medicare system of healthcare. It can be a little confusing to apply, and sometimes a little…
If a couple is thinking that they can sell the long-term care portion of a policy, because their HMO will cover the cost of long-term or skilled nursing care, they need to think again. All too often, people think that they have found a simple solution to a complicated problem,…
Boomers are more willing to plan their own funerals, than to prepare for an extended stay in a nursing home. Both are inevitable events for most of us. With more than 10,000 people celebrating their 65th birthday every day in America, and the startling statistic that 70% of us will…
A hearing of the Senate Special Committee on aging is looking at bipartisan legislation that would make changes to the Older Americans Act to give individuals younger than 60 with a diagnosis of early-onset Alzheimer’s a chance to access support programs. Senate Bill 901, which is called “Younger-Onset Alzheimer’s Disease…
You know that health care, taxes and not saving enough for retirement can derail retirement. However, what about the risks you never saw coming? Consider these three risks to retirement says Wealth Advisor in the article, “The Three Risks To Prepare For In Retirement.” They are a little less obvious…