Caregivers Support

Aging in Place May Be the Preference of Most Seniors – but as Care Costs Rise, It May Also Become a Necessity

Here on the AgingOptions blog, we’ve written thousands of words about aging in place. Everyone seems to agree that growing old in one’s own home is the preferred plan for the vast majority of American seniors, and with good reason: “home” represents familiarity, security, comfort, and support. Even though many if not most U.S. houses…

Many Retirees are Unprepared for Unplanned Expenses, Experts Say, and the Consequences Can Be Costly

A study published last year by the Society of Actuaries shed light on a subject that should be of concern to retirees, according to this 2018 Money magazine article. While many retirees manage their day-to-day budgeting fairly well, a significant percentage are completely unprepared for financial emergencies, and when an unplanned expense comes along, they…

The Capitol Building is where they debate social security benefits.

President Trump Signs the SECURE Act Into Law – How Will This New Legislation Affect Your Retirement Planning?

Congress recently passed a new piece of legislation known as the SECURE Act (yes, it’s an acronym – we’ll explain in a moment) and President Trump signed it into law just days ago as part of the federal government’s new spending bill.  One article we read called it “the most sweeping retirement bill since the…

Economist Tells CNBC: “It’s Clearly a System Flaw” When So Few Americans Are Able to Save for a Secure Retirement

If you’re facing retirement without enough savings to feel secure, you’re hardly alone. Now a new report from the Economic Policy Institute confirms just how bad things are. Regardless of how old they are, few Americans are anywhere near the point of being financially prepared for retirement, and that, says the Institute, reveals some serious…

If You’re Over 70 ½, there’s a Critical Tax Deadline Looming in a Matter of Days – and Missing It Will Cost You Plenty

Most people with retirement savings in a tax-deferred account – typically a 401(k) or 403(b) account – know that sooner or later the IRS is going to want their tax money. That’s why the rules governing these accounts allow savers to deposit tax-deferred funds only up to a certain age, after which withdrawals have to…

Kiplinger Article Stresses the Importance of Taking Action Whenever You Spot Telltale Signs of Elder Fraud and Financial Abuse

When we read tales of people taking financial advantage of seniors, it really makes our blood boil, doesn’t it? Few crimes seem more insidious and downright evil than the crime of defrauding a vulnerable elder. Yet sometimes, because we value an older person’s privacy, we may suspect something is amiss and yet fail to step…

If You’re Drowning in Debt, Credit Counseling Can Help – But Beware of High Fees and Questionable Tactics

When will we ever learn? It seems that as a group we Americans are addicted to debt – credit card debt, student loans, car loans, signature loans, you name it. The debt burden on American households keeps rising, and as a result, when people get in so deep they feel like they’re drowning, many consumers…

Like an Oncoming Train: Many Retirees Will Face the “Unpredictable but Likely” Burden of Paying for Long-Term Care

A recent article from the CNBC website shone a spotlight on one of the great dilemmas facing most retirees: paying for the costs of long-term care. As the CNBC article, written by reporter Sarah O’Brien, points out, part of what makes this such a troubling issue for today’s seniors is that no one can say…

If You Worry Too Much About Not Being Able to Afford Retirement, Maybe It’s Time for a Fresh Approach

We know from experience here at AgingOpti0ns that millions of Americans approaching retirement age are worried – about health, about family, and mostly about finances. And while we remain strong advocates of careful planning, sometimes we run across an article that reminds us that there’s a lot more to retirement than money. That was our…

Medicare

New Online Reporting Form will Allow the Public to Report Imposter Scam Calls to Social Security

The following article was taken from The Press Office on twitter @SSAPress   Social Security Administration and its Inspector General Announce New Online Reporting Form for Imposter Scam Calls   Andrew Saul, Commissioner of Social Security, and Gail S. Ennis, the Inspector General for the Social Security Administration, announce the launch of a dedicated online…