Planning for Your Elder Years

If we were to ask an older person what his or her most important concerns for aging are, we would probably get a variety of different answers. According to surveys frequently conducted among the elderly, the most likely answers we would receive would include the following three principal concerns or life wishes: Remaining independent in…

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Funeral and Burial Plans

Advantages and Disadvantages of Prepaid Plans One way to plan in advance for the end of one’s life is to sign a formal contract called a “preneed funeral plan.” With this plan, money to pay for a funeral and/or burial is held in a trust, in an escrow account or paid through an insurance policy…

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Reverse Mortgage Maintenance

How often can banks inspect your property to check the condition and could this be a problem for seniors? Especially considering the maintenance of the grounds? Generally this is not a problem.  The contract does state that you have to maintain your house. They will usually send somebody on an annual or bi-annual basis to…

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Medigap or Advantage Plan

Is there much of a difference between AARP Medigap and the new Advantage Plan? Medigap through AARP is backing a traditional Medicare Part A and Part B. Both A and B have deductibles and co-payments, and what Medigap does is picks up the co-payments for you.   The Advantage Plan may have different requirements or…

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Veterans Living at Home

How extensive of aid can you get from the Veterans Administration to help someone living in their own home? The VA system talks about helping people by way of money. For a qualified veteran or the spouse of a qualified veteran, there are two ways to gain assistance. If any of your income is being…

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