VA-approved Foster Care Program Provides Loving Home for Vets, and Saves Uncle Sam Millions

A small program that began in Little Rock, Arkansas, almost 20 years ago is now providing home-like care to about 1,000 veterans, at a fraction of the cost of nursing care. Besides saving the Department of Veterans Affairs millions in care costs annually, this initiative, called the Medical Foster Home program, provides loving care in…

You’re Not Ready to Retire until You’ve Answered This Key Question

So you think you’re ready for retirement? You have your financial plan in place and you’re pretty certain you know what you need to know about Medicare and Social Security? That’s a good start, but it’s nowhere near enough. Because comprehensive preparation for a fruitful retirement is what we’re all about at AgingOptions, we wanted…

Dementia Update: Odds of Good Brain Health After Age 65 Seem to be Increasing, New Research Shows

If you were to read the headlines in some of the articles about aging, you would probably conclude that everybody over the age of 65 is on an inevitable slide toward dementia. Alarming reports make it seem as if every retiree is doomed to a gloomy life with their basic mental faculties severely diminished. With…

Financial Consumers, Beware: “All Financial Advice Comes with Conflicts of Interest” says MarketWatch

When it comes to getting good, unbiased financial advice, do you know where to turn? And are you confident that the fees you’re paying justify the service your financial planner is providing for you? It turns out, based on this recent column we read on MarketWatch, that even savvy investors can find themselves paying exorbitant…

If You’re Facing Divorce, Make Sure Your Rights to Retirement Savings are Protected

We were reading financial columnist Michelle Singletary’s latest column in the Washington Post a few days ago when something in the article really grabbed our attention. It wasn’t the column itself, which was about “401(k) millionaires” – instead it was a reader comment buried far down in the Singletary column that set off warning bells.…

Two Senators Join Forces Across the Aisle to Push for a “Retirement Crisis Commission”

These days it seems like Democrats and Republicans seldom agree on anything. So it makes the news when two prominent Senators, one a conservative from the GOP and the other a progressive Democrat, come together to advocate publicly for a top-level federal commission to address what they call a retirement crisis in America. We discovered…

Reverse Mortgages (HECM) are a way to get money for seniors from a house

Forbes Article Says Reverse Mortgages (HECM) are “Underutilized” – and Deserve a Second Look

Here at AgingOptions we’ve recognized for quite some time the fact that the home equity conversion mortgage – better known as an HECM or reverse mortgage – is a powerful financial tool which can be of great benefit to many qualifying senior homeowners. So we were intrigued when a column that appeared in late March…

Dipping Into Retirement Savings Too Soon Leads to Debt

A pair of articles we recently discovered on a website called “AZCentral” (part of the USAToday network of news outlets) seems to reinforce the idea that the financial outlook for many retirees can best be described as precarious. These articles, written by reporter Russ Wiles, suggest that too many pre-retirees are tapping their retirement savings…