A 50-year study of men born in 1913 thinks it has some insight on what it takes to reach 100 years of age. Despite what some centenarians claim, it isn’t smoking a cigar once a day, eating fried foods or failing to exercise. In fact, the study, published in the Scandinavian Cardiovascular Journal, found reaching…
In the ‘80s when my grandmother bought long-term care insurance everyone thought she was nuts. Twenty years later, my grandmother’s policy which covered her for unlimited lifetime benefits (a type of policy no longer offered) became useful and continued to be useful for nearly ten years of care as she fought and ultimately lost a…
This article reprinted by permission of Natalie Anderson, OTR/L, CAPS OTPlus Take a fall! According to the Center for Disease Control and Prevention, falling is the leading cause of fatal and non-fatal injuries in the senior population. And 50 percent of those falls happen in the home! People fall for many reasons, but today I…
One out of four aging Americans suffers from poor nutrition. People who already struggle with transportation options may find it especially difficult to make it to a store and bring back a bag or two of groceries. Some seniors struggle with other physical problems that prevent them from getting good nutrition such as difficulty chewing…
If you’re 50 or over, you’re likely spending at least some time thinking about buying long-term care policies. These policies pay for care if you need continuing care either at home or in a skilled nursing facility. There’s a 10 in 10 chance that you’ll die someday and a 7 in 10 chance that you’ll…
Generally, when we think of identity theft we think about the unauthorized use of our personal information to get loans or make purchases but in 2013, 43 percent of all identity theft in the United State involved medical-related identity theft—that’s a larger piece of the pie than identity theft involving banking, the government or education. …
Are you ready to retire? Every individual is different and the time to retire for one person is most likely the time for another to buckle down. I’ve recently read two articles about early retirement. I’m going to include their links but first I wanted to say two things. Not everyone wants to retire even…
If you’re in your 50s, retirement is on the horizon. Here are some important financial planning decisions you need to avoid. Don’t dip into retirement. With the average employee having seven careers in a lifetime, there’s a possibility that you’ll experience seven or more temptations to cash out an IRA rather than roll it over. …
Winning the lottery doesn’t make the top 10 sources of retirement income, yet it’s often a major part of many people’s retirement plans. The top ten list by the way goes something like this: Retirement savings accounts Home equity Pension plans Social Security Certificates of Deposit Stocks and mutual funds Retirement jobs Annuities or insurance…
The primary difference between Roth IRAs and traditional IRAs is the point at which your investment is taxed. Contributions to a Roth IRA are not tax-deductible and withdrawals are generally tax-free. The benefit to Roth IRAs is that there are fewer restrictions and requirements. For inheritance purposes, passing a traditional IRA to your children means…
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