When we talk with our clients about healthy aging, the biggest single thing most of them worry about is cognitive decline. There is probably no other health condition that so completely robs retirees of their dream to live independently. Cognitive decline is often the chief factor that results in seniors being forced into institutional care…
If you’re a Medicare-eligible senior who needs home health care, you may be surprised to learn that Medicare may cover the costs. But many qualified seniors never apply, while others find their benefits cut off prematurely, all because Medicare home health benefits are widely misunderstood. That’s the conclusion in this recent article on the financial…
As seniors plan for retirement, one of their chief questions is, “Where will I live?” We deal with this question every day with our clients. For many healthy seniors, the perfect solution can be one of the growing number of senior living communities. These communal facilities allow seniors to avoid more traditional institutional care by…
Ever since the end of the great recession in 2010, sales of vacation homes have been on the rise. Not only is the economy improving, but it’s also because boomers are starting to retire, and they’re beginning to plan ahead. About one buyer in six say they expect to live in their vacation home full…
Last year the news was filled with stories of the decline and eventual death of music legend Casey Kasem. Sadly, what really attracted the attention of most of us wasn’t the story of Kasem’s influential career in pop music, but the unseemly fight over his care and his estate as the former radio star suffered…
Frequently in our office or on our call-in radio programs we get questions about co-signing for someone else’s loan. Typically the borrower is a grandchild or adult child, and the person asking the question is full of good intentions. After all, they’ll say, if I don’t co-sign, my loved one won’t get the loan. That…
A recent article on the website US News answered a question we hear frequently in our client meetings, on our call-in radio programs and at our seminars: “If I die with debts, will my heirs have to pay them off?” Most of the time, if you have any assets at all, the answer is yes.…
We just discovered this new article on the website of ABC News. The article’s stark conclusion is sadly borne out by our own experience here at AgingOptions: ABC states that at least one-third of Americans over the age of 40 have done no planning of any kind for their long-term care needs. This suggests that…
Surveys repeatedly report the same outcome: most active seniors would prefer to stay in their own homes as they age. It’s called “aging in place,” and it’s a great idea – but it requires planning, and probably some remodeling, to make sure your home is both safe and livable now and in your future years.…
We know that many of you who read this, and many of those who listen to us on the radio, will have already started drawing Social Security well before age 70. The average age when benefits begin, say the experts, is 64, and many sign up for benefits as early as they can at 62.…
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