As important as it is to plan ahead for the need for long-term care, things often don’t happen that way. A senior falls and breaks a hip or has a stroke, and suddenly there is a scramble to find a nursing home or other long-term care facility. To meet a growing demand and lured by…
The number of seniors facing credit card debt has been growing. The average credit-card debt for consumers over 65 more than doubled from 1992 to 2004, to $4,907. Credit card debt can be especially problematic for seniors, who typically have a fixed income. If you or someone you love is having trouble making credit card…
In this article, from the New York Times blog, “The New Old Age”, author Jane Gross touches on one of those things that seems to remain a constant through our lives, no matter how “all growed up and out on our own” we get… Mom’s “permission”. Its in play from the the earliest of our…
Time: 1:30 pm – 3:30 pm Venue: Aging Options Campus, Federal Way WA Speaker: Money Manager Tom Cock
“From 2005 to 2007 and for the first year of my show on Fox from late 2007 into 2008, I used to say one thing about real estate as an asset class whenever it came up, “There’s never been a better time to sell real estate than right now.” I used to write a weekly…
It’s a question that is always on investors’ minds, but rarely more so than right now: Is the market overvalued? Two heavyweights of financial analysis believe they hold the answer. Robert Shiller, the Yale University economist who correctly predicted the bursting of the stock market bubble in 2000 and the housing crash that started in…
While the stock market screamed, the bond market yawned. The Dow Jones Industrial Average fell more than 1% Monday on the word that Standard & Poor’s had cut its ratings outlook on U.S. government debt from “stable” to “negative.” Meanwhile, the 10-year Treasury note barely budged. Credit default swaps on U.S. bonds—essentially the cost of…
Anyone who has not been buried in a vault for the past two decades is surely aware of the media blitz touting the “new old age” as a phenomenon that enables people in their sixties, seventies, eighties, nineties, and beyond to enjoy the kind of rich, full, healthy, adventurous, sexy, financially secure lives that their…
Retirees cannot disenroll from Medicare Part A without also losing their Social Security benefits and refunding all the money paid to them, a federal judge has ruled. The judge dismissed a case, Hall v. Sebelius , brought by three retired federal employees who have reached age 65 and are receiving Social Security Retirement benefits, but…
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