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…
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…
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…
Do you have enough saved for retirement? If you ask the average senior, their answer will likely be no. A steady stream of articles, including some we’ve included here on the AgingOptions blog, contributes to the fear shared by many U.S. adults that they are in real danger of running out of money as they…
“If I only knew then what I know now!” Many of us have uttered those words time and time again when we reflect on all the things we should have done differently decades ago. Nowhere are those “if only” regrets more acute than in the area of finances, especially when it comes to preparing for…
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…
It’s difficult for a married couple to visualize what the future will be like when one spouse has passed away. After all, today you’re both healthy and looking forward to enjoying many years of retirement together – and God willing, that’s what will happen. Nevertheless, at some point it’s a virtual certainty that one of…
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…
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…
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…