It never hurts to have a bit of extra retirement income. Social Security benefits are modest, savings accounts dwindle over time, and most people worry that they did not invest …
Continue ReadingCategory: Healthcare & Financial Decisions
Prices Are Coming Down for Some Major Drugs Covered by Medicare
When he was running for president in 2020, Joe Biden promised to reduce the soaring cost of prescription medications. While President Trump signed executive orders in 2018 that were purportedly …
Continue ReadingDon’t Sign a CCRC Contract Without Having a Lawyer Explain It
Continuing care retirement communities (CCRCs) allow residents to change their housing environment to meet changing needs without relocating to a new community. Healthy retirees live in a part of the …
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 ReadingCaregiving Expenses Challenge Adult Children of Parents Who Have Dementia
Dementia is both a growing and declining medical condition in the United States. The number of people with dementia is growing because the population of older Americans is increasing. There …
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 ReadingWays to Increase the Size of Your Social Security Check
Many older adults depend on Social Security retirement benefits as their primary source of income. About 1 in 7 Americans over the age of 65 receive 90% of their income …
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 ReadingIt’s Time to Update Historic Laws that Benefit Older Americans
The last White House Conference on Aging was held in 2015. It commemorated the 80th anniversary of Social Security and the 50th anniversary of Medicare, Medicaid, and the Older Americans …
Continue ReadingShould Retired Americans Worry About a Decline in Life Expectancy?
Baby boomers — people born between 1946 and 1964 — were once America’s largest generation. Boomers held that demographic status until 2019, when Millennials became the largest living generation. By …
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