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…

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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…

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Is There a Hoarder in Your Family? This Disorder Disrupts Families, Endangers Health, and Costs Thousands to Remedy

Hoarding is one of those little-understood habits that people sometimes laugh about or make light of (or even feature on so-called reality television shows). But you are the adult child of a hoarder, you know the issue is no laughing matter. This article that appeared last year at this time on the NextAvenue website, written…

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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…

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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…

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Want to Live to Age 100? Study Shows Certain Personality Traits Help Seniors Stay Healthy and Active Past the Century Mark

A growing number of seniors are reaching a milestone that used to be a demographic rarity. Advances in medicine and nutrition are helping more and more men and women reach the age of 100, and not just surviving but thriving. A pair of articles we discovered some time ago, one from Time and the other…

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Medicare Plan Finder Confusion

Open Enrollment is Finished – or Is It? Controversy Over Medicare’s Website Has Some Legislators Demanding a Do-Over

Over the past several weeks we’ve presented several articles here on the AgingOptions blog intended to help readers navigate the challenging decisions that had to be made during Medicare open enrollment. Officially this period ended December 7th. However, complaints over Medicare’s Plan Finder website have led several legislators and advocates for the rights of Medicare…

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Medical Experts Say Preventive Care Saves Lives – Yet Half of All Seniors Are Not Up to Date on Essential Health Screening Tests

If you’ve listened to Rajiv Nagaich for any length of time, you’ve heard him talk about the need for preventive health care. “Most insurance plants do a pretty good job of caring for you once you’re sick,” he often states, “but most of them do a terrible job of keeping you from getting sick in…

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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…

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Females Outscore Males on Memory Tests, And That May Result in Women with Mild Cognitive Impairment Being Misdiagnosed

Alzheimer’s disease remains the biggest fear many of us have about growing older, but for most people with dementia, the symptoms did not show up all at once. Instead they started appearing gradually, often in the form of what physicians refer to as MCI, or mild cognitive impairment. This condition, regarded as a precursor to…

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