If you are caring for or have elderly loved ones, then one of the most important topics can be their finances. Do not get blindsided by assuming that your elderly loved ones are well taken care of only to find that they don’t have the resources to be able to handle medical costs or long [...]
There seems to be a controversy over reverse mortgages and if they are actually a benefit to the elderly. Just like with any product offered, there are upsides and downsides to having a reverse mortgage. If you are having cash flow issues and would like to investigate the advantages that a reverse mortgage can provide, [...]
Having an IRA is a great idea for your retirement. There are some rules and regulations that you need to be aware of if you are going to open an IRA for your retirement. Here are some things to avoid if you have or are planning on opening an IRA account. Putting Away Too Much [...]
With tax season upon us it is once again time to file your taxes. Unfortunately the scammers of the world also know that it is tax time and are looking to take full advantage of anyone they can. Don’t fall prey to these criminals. Not only could you lose money you could also inadvertently give [...]
A common question many seniors and their families have is if parental debt can be passed to adult children. The short answer to that question is no, as long as the adult children did not co-sign for the debt. Wanting to take care of the debt is understandable however. So here are some thing’s to [...]
The temptation to let all of your finances run themselves can be high after retirement. Fact of the matter is, you should never let your finances run on autopilot. Even if you think they are safe from market fluctuations or financial crisis, maybe your money is not doing all it can for you or your retired [...]
If you're considering a continuing care retirement community (CCRC) as a senior living option for you or your loved one, how can you be sure when you've found the right one? Knowing what criteria to look for can make your search go a lot smoother and a lot less nerve-wrecking. One very important point to [...]
When you enter a continuing care retirement community (CRCC), you will be asked to sign an agreement. Review the contract with an elder law attorney before you sign it to make sure all pertinent stipulations are covered. CCRC contracts should cover: Fees Health care services covered Insurance requirements Refunds and Cancellations Residences Services Conditions for [...]
Seniors love ‘em-and lawyers hate ‘em: annuities. Based on my ample experience with both senior citizens and lawyers, I am always amazed at the depths of both the affection and the rage that are evoked by the subject of annuities. Mentioning the word "annuities" at a roomful attorneys is like the sound of a bell [...]