Report: Medicare Costs Can Consume 1/3 of Social Security Income

A new study just released by the Center for Retirement Research at Boston College provides some sobering news for many future retirees who will be relying entirely – or mostly – on Social Security for their retirement income.  If you are an average Social Security beneficiary, Medicare premiums for Parts B and D, plus average…

Kiplinger: the Four Keys to a Happy and Prosperous Retirement

Here at AgingOptions we’re always just a little bit skeptical when we see an article with a title like “4 Keys to a Happy and Prosperous Retirement.” Still, this article with that very title just appeared on the authoritative financial website Kiplinger, and as we read it we found ourselves nodding in agreement – even…

Looking for an Alternative Lifestyle in Retirement? Consider Co-Housing

People often say that the baby boomers like to put their generational stamp on things. Well, it appears that now they’re doing to the field of senior housing. The “advance wave” of this huge group of men and women is now a few years into their 70’s, and while a majority still prefers to age…

Program Provides Long-Term Support to Vets – but Most Never Apply

Veterans Day 2017 may have come and gone, but the need to provide better information to veterans concerning benefits available from the VA never seems to diminish. Recently we encountered this troubling article on the aging website NextAvenue – troubling in that it tells the tale of yet another senior benefit that too often goes…

“Observation Status” – In Spite of New Laws, What You Don’t Know Can Still Cost You!

You have an urgent medical problem, so you go to the hospital, where you remain for several days. Your doctor then recommends a short stay in a nursing home for rehabilitation.  Because you’re covered by Medicare, you assume those nursing home costs will be paid for, since Medicare typically covers up to 100 days of…

Caregivers who Handle a Loved One’s Finances Face Higher Stress

An article just published on the aging-related website NextAvenue should be a must-read for anyone who is caring for an aging loved one or family member. It’s called “Caregiving’s Taboo Subject: Coordinating the Finances.” The story, written by NextAvenue’s Money and Work Editor Richard Eisenberg, reveals some surprising findings about how many caregivers are responsible…