As you approach retirement, you must decide when to begin taking your Social Security benefits. You have three options: You may begin taking benefits between age 62 and your full retirement age, you can wait until your full retirement age, or you can delay benefits and take them anytime up until you reach age 70.…
Americans are living longer than ever before, but many older Americans could better deal with their health problems, according to the Institute for Healthcare Advancement (IHA). To help the elderly stay healthier longer, the IHA has identified the 10 most common mistakes older Americans make in caring for their health. The Institute is a non-profit…
Few decisions are more difficult than the one to place a spouse or parent in a nursing home. Since nursing homes are seen as a last resort, the decision is generally overlaid by a sense of guilt. Most families try to care for loved ones at home for as long as (or longer than) possible,…
A common misconception most individuals have is that IRS rules forbid gifts of more than $12,000 per person per year. Though it is true that there is a rule that speaks to gifts needing to be less than $12,000 per person per year, it does not mean that one is unable to make gifts in…
Finding love later in life may be unexpected and exciting, but should it lead to marriage? The considerations are much different for an older couple with adult children and retirement plans than for a young couple just starting out. Before deciding whether to get married or just live together, you need to look at your…
A little-known feature of the Social Security system is that in addition to paying retirement benefits for the retired worker, it may provide benefits to the worker’s spouse, an ex-spouse if the marriage lasted at least 10 years, and dependent children and grandchildren, depending on the circumstances. Moreover, these benefits can be paid all at…
By Money Manager Tom Cock You have probably heard the expression, “Don’t put all your eggs in one basket.” Well, you might have, but apparently thousands of employees of America’s biggest companies have not. Those employees still invest insane amounts of their 401(k) investments in their company stock, according to a new study. Coming on…
While you generally do not have to sell your home in order to qualify for Medicaid coverage of nursing home care, it is possible the state can file a claim against your house after you die. If you get help from Medicaid to pay for the nursing home, the state must attempt to recoup from…
Time: 7:00 pm – 9:00 pm Venue: Aging Options Campus, Federal Way Speaker: Money Manager Tom Cock
An online article from FamilyDoctor.org outlines some common symptoms in recognizing dementia. “Dementia causes many problems for the person who has it and for the person’s family. Many of the problems are caused by memory loss. Some common symptoms of dementia are listed below. Not everyone who has dementia will experience all of these symptoms.…
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