Older adults have been a frequent target of fraudulent investment schemes. The FBI reports a 74% increase in losses suffered by older fraud victims since 2020. In 2021, more than …
Continue ReadingInvestment Scams Targeting Older People
Category: Healthcare & Financial Decisions
5 Things States Can Do to Help Older Residents
Most older Americans receive Social Security and participate in Medicare. Those programs help people meet their financial needs while assuring that they receive affordable healthcare. Yet those programs, combined with …
Continue ReadingIs a Medicare Advantage Plan a Go-To for Seniors?
To avoid late enrollment penalties, seniors who are eligible for Medicare usually sign up at their earliest opportunity. Seniors rarely have a reason not to enroll. Retirees earned Medicare’s hospitalization …
Continue ReadingPrescription Drug Pricing Reform: Shaping Up or a Bust?
Rising inflation is squeezing the budgets of seniors with a fixed income. While seniors search for strategies to cope with inflation, there is little they can do about healthcare costs. …
Continue ReadingHow to Avoid Will Challenges
Few things are uglier than the spectacle of children or other relatives arguing about an inheritance. The law respects the right of individuals to decide who should inherit their property. …
Continue ReadingWhat Sources of Income Are Available for Retirees?
Ideally, as workers gain experience in a job, their wages increase and their savings grow. When employers don’t offer pension or retirement benefits, workers can still take advantage of individual …
Continue ReadingHow Medicare Patients and Other Seniors Can Correct Errors in Their Medical Records
Errors in medical records are relatively common. Helping older relatives review their medical records may uncover mistakes that could cause future harm. It is worth investing the time to make …
Continue ReadingIs Eldercare Assistance on the Horizon?
Family caregivers in the United States assist millions of seniors with their activities of daily living. Together with caregivers who assist disabled relatives, an estimated 65.7 million Americans serve as …
Continue ReadingCOVID-19 Fraud Targets Seniors
Scammers have a long history of preying on seniors. The social isolation that seniors are experiencing to avoid contracting COVID-19 has elevated the risk that they will be victimized by …
Continue ReadingCreator, Steward or Consumer?
You have heard the old adage “Rags to Riches to Rags”, or “Shirtsleeves to Shirtsleeves in three generations”. It is not just a dynamic of western culture; it is actually …
Continue Reading12