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…

A Housing Snapshot: Costs of Home Renovation to Age in Place Will Be Beyond the Reach of Many Retirees, New Reports Say

It’s well known by now that an overwhelming percentage of seniors want to age in place, growing old in their present home. We’ve written about this idea many times here on the AgingOptions blog, most recently in this article from last summer. However, a recently-published Kaiser Health News article combined with an updated housing report…

You’re Heading Toward Retirement When a Personal Financial Crisis Hits – How Do You Recover?

Any true sailor knows how a sudden change in the weather can turn a pleasure cruise into a frightening experience. In much the same way, as you’re sailing on toward retirement, you might be hit by a sudden squall – or possibly even an all-out hurricane. The personal financial crisis may come in the form…

Are You Helping Your Kids but Jeopardizing Your Future? Here’s How to Childproof Your Retirement

Which is more important – helping out your adult kids with their financial needs, or preparing to meet your own needs in retirement? Plenty of boomer parents are asking themselves that question these days. They’re struggling to bolster their own often-meager retirement savings while offering financial support to adult children who may be having difficulty…

The Economy May Be Doing Okay, but Financial Pain Still Affects Many Americans, Especially Retirees

If you tried to evaluate how well the economy is doing simply by looking at the Dow Jones or the overall employment rate, you might conclude that everyone is happy and secure here in the USA. But if you consider individual households, the picture is considerably less clear, according to financial writer Richard Eisenberg. We…

Cognitive Impairment and Financial Decision-Making: Recognizing the Warning Signs in Someone You Love

According to the Alzheimer’s Association (www.alz.org) one senior in three passes away with some form of dementia – and those numbers are increasing. So that presents a pretty strong likelihood that an aging person you love will at some point have to deal with the effects of cognitive impairment. Every month there are many articles…

Retirement Planning is a long street!

A Bed of Roses or a Briar Patch? Your Future Depends on Avoiding These Five Retirement Mistakes, Says Kiplinger

Here at AgingOptions we run across retirement-related articles all the time that are about financial planning and little else. As Rajiv Nagaich has said repeatedly, a retirement plan and a financial plan are simply not the same. Having plenty of money is no guarantee of retirement satisfaction – on the contrary, unless you plan carefully…