If You’re Over 70 ½, there’s a Critical Tax Deadline Looming Just Days Away – 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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Kaiser Health News Report: Medicare Cuts Payments to Nursing Homes Whose Patients Keep Ending Up in the Hospital

Nursing home operators across the U.S. are being put on notice by the federal government: if their residents keep winding up in the hospital for reasons that could have been avoided, Medicare plans to hit the nursing homes right in the wallet. At the same time, the feds have announced financial incentives for nursing homes…

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Many Retirees are Unprepared for an Unplanned Expense, Experts Say, and the Consequences Can Be Costly

A new study by the Society of Actuaries has shed light on a subject that should be of concern to retirees, according to this recently-published 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 are…

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Shocking CDC Report: for the First Time in a Century, U.S. Life Expectancy Declines Three Years in a Row

The last time it happened, the world was at war, and one of history’s worst influenza pandemics was ravaging the country. That’s why health scientists were shocked at the recently released report of U.S. life expectancy from the Centers for Disease Control and Prevention: the CDC survey showed a noticeable drop for the third year…

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Ask Someone Who’s Been There: 8 Things No One Tells You About Caring for a Loved One with Dementia

We’ve said it so many times, it sounds painfully familiar: there may be no tougher task than being a caregiver for a loved one suffering with Alzheimer’s disease or some other form of dementia. It’s an experience shared by more than 16 million Americans, according to the Alzheimer’s Association, who provide unpaid care day in…

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The Missing Ingredient to Retirement Planning

Is There Such a Thing as Type 3 Diabetes? A Growing Body of Research Says Yes: it’s Alzheimer’s Disease

We don’t always find relevant articles for the AgingOptions blog on food-related websites, but this one we just read on a website called CookingLight really grabbed our attention – and as it turns out, the subject is one that is attracting increasing scrutiny from health researchers. There appears to be increasing clinical evidence of a…

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Wall Street Journal Report: Financial Institutions are Monitoring Older Customers to Detect Cognitive Decline

If you have an older loved one in your life who is still managing his or her own finances, you’re probably on the lookout constantly for any signs that he or she is “starting to slip” – in other words, that they are suffering from cognitive impairment. If this concern is causing you stress, it…

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