You may have heard the news a few months ago that the U.S. Department of Labor had finally released what is commonly being called “the fiduciary rule.” This is a new set of guidelines that covers virtually all investment brokers and financial planners in the nation. The 1,000-page law, set to take effect in April…
Anyone who has cared for an aging loved one understands the worry about their daily finances. Age-related impairment can often show up first in the financial arena, causing an aging Mom or Dad to start forgetting important details about their money. This creates worries for the kids. Are your parent’s bills getting paid? Are they…
Sometimes the simplest ideas are the best – a statement that can certainly be true in retirement. With that in mind we were drawn to this recent article on a website called “Real Deal Retirement” with the title, “How to Live a Longer and Happier Retirement.” Who wouldn’t want the answer to a promise like…
If you’ve shopped for a new car recently, or read any of the automotive journals, you know that technological advances in vehicle design are exploding. In the past the focus of new automotive technology seemed to be purely on higher gas mileage and lower emissions, but today’s new cars have become rolling showcases of digital…
One of our chief priorities as we work for our clients here at AgingOptions is helping them protect their assets in retirement. It’s all well and good to save money while you’re working, but if you haven’t planned carefully to make your assets last, you may very likely find yourself outliving your resources. This forces…
Nearly 13 million seniors are hospitalized each year. That’s a big number – but what’s worse is that many of these patients will suffer lasting damage from their hospital stay. That’s because most hospitals are not designed with the needs of seniors in mind. But a relatively small number of pioneering hospitals is changing that,…
We just discovered a pair of related articles on an industry website called Reverse Mortgage Daily that help shed light on what many believe will be an upcoming explosion in Home Equity Conversion Loans, or HECM’s – the technical term for reverse mortgages. These articles could provide you with food for thought if you’re a…
Caring for an aging parent is a task more and more people are facing this days. A Pew Research study shows that over 40 million Americans provide care to someone over 65. The emotional and financial burden of being a caregiver for an aging parent can definitely come as a shock, sometimes resulting in the…
You have an urgent medical problem, so you go to the hospital, where you’re kept under observation for several days. Your doctor then recommends a short stay in a nursing home for rehabilitation. Because you’re covered by Medicare, you assume those nursing home costs will be paid for, since Medicare typically covers up to 100…
About one-third of all adults age 65 and older take a fall of some sort each year. Most of these are fortunately minor, but the Centers for Disease Control and Prevention (the CDC) reports that about 700,000 adults every year end up hospitalized with head injuries or broken bones as a result of falling. While…
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