Many Retirees are Unprepared for an Emergency Expense, Experts Say, and the Consequences Can Be Costly

Late last year we reported on a study by the Society of Actuaries that should cause concern for retirees.  As this Money magazine article reported at the time, retirees are woefully unprepared for common financial emergencies. While many manage their day-to-day budgeting fairly well, a significant percentage are completely unready for a financial crisis, and…

Are You Ready to Retire? Before You Answer, Make Sure You’re Asking the Right Questions

Are you ready to retire? That’s a question more and more baby boomers are asking themselves. Every day, 10,000 boomers reach retirement age, and the “leading edge” of the boomer wave is now well into their 70s. For those boomers not yet retired, the question looms large in their thinking: am I ready to retire?…

Innovative Program, Soon to Roll Out Nationally, Puts Meals on Wheels Volunteers on the Front Lines of Senior Health Care

Every day, Meals on Wheels volunteers serve more than 900,000 free meals to housebound seniors in need. Now, thanks to an innovative program that originated in San Diego, these volunteers are being equipped to serve as a kind of early warning system to alert authorities of health care concerns that might otherwise have gone unnoticed.…

Designating a Power of Attorney is a Critical Step – Just Make Sure You Don’t Start a Family Feud in the Process

Over the years here at AgingOptions we’ve dealt with hundreds of families, and we’ve seen some of the harm that poor planning combined with toxic family dynamics can create. Estate planning done poorly offers limitless opportunities for family tensions. As you approach retirement, you may be thinking about designating one of your adult children as…

Retirement Risks Can Be Eliminated

Worried About How to Make Your Money Last in Retirement? Here are Seven Ways to Help Make Sure It Does

Among all the thousands of people we talk with in our office, in our seminars, and on the radio, the single biggest fear most retirees have can be boiled down to one simple question: will I have enough money to live a decently comfortable life? There’s no shortage of articles filled with advice on how…

Risk of Falling is Increasing Among Seniors – but Health Care Providers Aren’t Doing Enough to Keep Vulnerable Seniors Safe

If you have a loved one in your family who is at risk of falling, you’ve probably given them all the usual advice concerning fall prevention. Unfortunately, a recent medical report reveals that the message isn’t getting through: a growing number of seniors are dying as a result of falling, and it seems that doctors,…

Are You Ready for a “Second Act”? A New Kiplinger Article Suggests Ways to Find Your New Purpose in Retirement

By now, if you’re a regular reader of the AgingOptions blog, you know that we often stress the importance of preparing oneself mentally for retirement. Too often, especially if you’ve spent decades in the workplace, a sudden transition to “life after work” comes as a shock, even for those who are otherwise well prepared for…

Health insurance for a younger spouse

Syndicated Columnist Chuck Jaffe Advises Readers to Have “The Financial Talk” Now to Avoid Pain Later

If something were to happen to your spouse, would you know how to find all the important information about your financial accounts? Would all your beneficiary designations be up to date? Do you even agree on who your beneficiaries should be? If your answer is no, you’re not alone. The sad reality is that many…

An Ongoing Scandal: In Spite of Laws on the Books, Many Cases of Elder Abuse are Never Reported to Authorities

Vulnerable seniors living in nursing homes are entitled to the best of care. They should be able to live out their lives in a safe and secure environment. But tragically that is often not the case, and all too often those in charge are never reporting cases of suspected abuse to regulatory authorities – in…