If you (or someone you’re close to) have a loved one with Alzheimer’s disease, you’re probably familiar with the constant fear that the person with dementia will wander away from home. It seems as if every few months the local news carries a story about a senior man or woman who has gone missing from…
Some of the nation’s largest insurance companies have gotten into the retirement research arena in a big way. Among the firms coming out regularly with research reports about aging and retirement are familiar names like MetLife and long-term care firm Genworth. Recently we found this comprehensive study, the first of its kind from the insurance…
The recent story in the news was such a non-event, you may have missed it. The Social Security Administration just released its projected cost-of-living adjustment, or COLA, that will theoretically affect Social Security payments in 2017. Last year, due largely to a drop in gas and oil prices, those on Social Security received a zero…
Not long ago we discovered an important article that sheds light on something many of us would rather not talk about: the high cost of caring for our aging parents. We’re reminding you of this important fact and linking you once again to this article in hopes that it will stimulate you to plan carefully.…
If you’re dealing with two or more chronic medical conditions, you may feel as though you are constantly spending time in doctors’ offices, or wading through medical claims and paperwork. And if that’s how you feel, you’re not wrong, according to an article we just read on the Money website of US News & World…
Here at AgingOptions, one of the hallmarks of our LifePlanning process involves clear, complete family communication. Over the years we have dealt with many difficult situations in which Mom and Dad never sat down with their adult kids to go over their retirement plan and explain their wishes and preferences as they age. This lack…
Here at AgingOptions, most of our clients are either in retirement or relatively close to it. Still, this recent article from Bloomberg News caught our attention. It describes the extremely negative outlook most members of today’s millennial generation (generally described as those between 18 and 29) feel toward Social Security. The surprising point of the…
For many if not most retirees, Social Security forms the backbone of their retirement income. As savings rates decline and traditional pensions go the way of the Edsel, Social Security plays an increasingly critical role in the lives of more and more seniors. But an article we just read on the CNBC website reveals the…
The Social Security Board of Trustees released its annual report in June regarding the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2034, the same as projected last year, with 79 percent…
When a financial product becomes so mainstream even the New York Times gives it a thumbs-up, it’s probably time for the skeptics to take another look. And with the growing chorus of financial experts singing the praises – albeit cautiously, in some cases – of reverse mortgages, there seem to be fewer and fewer skeptics…
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