Most seniors are automatically enrolled in Medicare Part A when they turn 65 if they apply for or are already receiving Social Security benefits. Medicare Part A provides coverage for …
Continue ReadingIs It Wise to Have a Medicare Advantage Plan?
Category: Finances & Insurance
Affordable Internet Options Improve the Lives of Seniors
Older adults are too often stereotyped as being incapable of learning to use new technologies. Studies suggest that seniors may resist new technology because they worry that failing to use …
Continue ReadingNo Place Like Home . . . Except for Your Valuables
Seniors are often concerned about the security of their retirement savings. A plummeting stock market can destroy the value of retirement investments. Most 401K programs make safe investments, but companies …
Continue ReadingPaying for Dying Parent’s Hospice Care
Hospice care provides services that increase the comfort of people who are dying from an untreatable health condition. Hospice care is intended to manage the patient’s pain while promoting a …
Continue ReadingGovernment Funding for Family Caregiving
The demand for caregivers will continue to grow as the American population continues to age. Baby boomers have been entering their senior years at a time when medical advances have …
Continue ReadingSeniors: Plan Early for a Comfortable Retirement
Social Security benefits are the only source of income for about 20% of Americans who are 65 or older. Retirees struggle when they must live on their Social Security benefit …
Continue ReadingFunding Mom’s and Dad’s Assisted Living Expenses
Long-term care can be critical to the health and emotional well-being of older adults. The adult children of aging parents are often called upon to provide that care, but they …
Continue ReadingHow Do Couples Resolve Disagreements About Housing After Retirement?
One of the most difficult decisions an older couple can make is whether to remain in the home they own or to sell the home and move to a retirement …
Continue ReadingTips for Protecting Older Relatives and Friends from Telephone Scammers
Older adults are frequent targets of schemes to swindle people out of their money. The FBI reports that 92,371 older adults were victimized by fraud in 2021. They lost $1.7 …
Continue Reading2025 Social Security Benefit Update
President Biden took office in 2021 with an ambitious plan to improve the post-pandemic economy and to reduce the level of poverty among older adults. His proposals included increasing Social …
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