09-08-18 Aging Options
Comprehensive LifePlanning & several topics discussed… with Live Call-In Questions.
Receiving Social Security When You Are Self-Employed
Most people who pay into Social Security work for an employer. Their employer deducts Social Security taxes from their paycheck, matches that contribution, sends taxes to the Internal Revenue Service (IRS), and reports wages to Social Security. However, self-employed people must report their earnings and pay their Social Security taxes directly to the IRS. These…
Details
Kiplinger Article Offers Six More Examples of Terrible Estate Planning by Famous People
Some may wonder why we at AgingOptions report fairly frequently on celebrities who pass away leaving chaos in their wake in the form of terrible estate planning. It’s not that we seek to gloat over the fall from grace of the rich and famous. We fully realize that the family members of these famous men…
Details
Retiring with Debt? Consider These Three Ways to Make Your Debt Load More Manageable
Most people approaching retirement age probably dream about retiring debt-free. Entering retirement without the burden of debt is certainly the ideal – but if you think it’s the norm, think again. The reality is, about seven out of ten households headed by those in the 65-74 age group are carrying at least some debt load,…
Details
Medicare Open Enrollment Begins Soon – Time to Get a Head Start
Fall is here, arriving this past week. That means football games, chilly nights, falling leaves, and that other familiar autumn ritual – Medicare open enrollment. Whether you’re completely satisfied with your current coverage or eager to make a change, this is the season when you really need to do your homework and make your choices.…
Details
Your Loved One is Facing Eviction from an Assisted Living Facility. What Are Your Options?
If you live in an assisted living facility, or have a loved one who does, you’re part of a growing group of Americans – currently about three-quarters of a million – who are healthy enough to live more or less independently but need some help with activities of daily living. This assistance can take the…
Details
Looking for an Accessible Home? Then You’ll Need These Helpful Tips
By Patrick Young, Educator/Activist Looking for a new home is always a bit stressful. If you’re living with a disability of mobility issues, however, the prospect of searching for a new home can feel overwhelming. Accessible homes can be hard to find, and getting moved in and comfortable can be quite a process as well.…
Details
How Social Security Defines Disability
Disability affects millions of Americans, in one form or another. Studies show that a 20-year-old worker has a 1-in-4 chance of becoming disabled before reaching full retirement age. Social Security is here to help you and your family, but there are strict criteria for meeting the definition of disability. The definition of disability under Social…
Details
Becoming a Loved One’s Power of Attorney is a Big Responsibility. When Can You Say No?
One of the most important legal decisions an older adult can make is to designate someone close to them to act as power of attorney (POA) on their behalf. In choosing a POA, a senior is empowering another person to make both financial and – in many cases – medical decisions on their behalf. It’s…
Details
Way Behind on Retirement Savings? It Won’t be Easy but You Can Still Recover – Here’s How
We recently ran across this article published a few months back on the CNN Money website. Written by retirement expert and well-known money writer Walter Updegrave, the article tackles a question we hear often at our AgingOptions LifePlanning Seminars and on our radio program: What do I do if I’m in my 50s or 60s…
Details