Elder abuse is a horrible thing for both a person and their family to go through. If you suspect that an elderly loved one might be the victim of abuse, who can you turn to for help? There are several agencies that are available for you to turn to and report elder abuse. Adult Protective [...]
In recent years you may have noticed that when you or your loved one heads to a doctor’s office, they may be asked to sign a HIPPA form. Quite often these forms are presented with little or no explanation as to what they are. Just what is HIPPA and what purpose do these forms serve? [...]
Understanding how social security benefits work is important for any seniors who are considering retirement. Taking an early retirement and starting to collect social security early has consequences that many retirees are not aware of when they do it. The most costly can be the reduction of monthly payments made when early retirement is taken. [...]
The average age of Americans is rising. This means that since retirement fund are going to be used for a longer period of time, more care must be taken when planning for the future of the elderly. Rising Costs of Health Care One thing to look out for when doing financial planning is making sure [...]
The rising costs of healthcare combined with longer life spans can leave a large financial burden on the families of the elderly. Preparing for what is coming, while unpleasant to talk about, can be the difference between a family making it through the rough times or financial ruin. Here are some tips to help prepare [...]
Many experts say the traditional idea of traditional “retirement” is no longer a valid one. With costs of necessities rising quickly and returns on long term investments not being as robust as they were in the past, a new kind of lean and mean retirement is the way of the future. Here are some ideas [...]
As we age, the reality of not being able to handle our own affairs due to sudden or long term illness becomes something to seriously consider. To ensure that your affairs are taken care of in times like this, you need to have someone who will be willing to handle them for you. This is [...]
What happens if you are sick or injured and unable to communicate your medical wishes to your doctor? That is where a living will comes in. Known also as advance medical directives, these documents allow for your wishes to be met even if you are unable to communicate them. When Does a Living Will Take [...]
Typically when speaking about power of attorney, people refer to what is known as general power of attorney. General power of attorney allows a person to act on our behalf in an unlimited scope until that power is revoked. That is not the only type that can be granted. Specific Power of Attorney Suppose you [...]
Senior homeowners who need cash can use their home equity to take out a reverse mortgage. Reverse mortgages can create problems for borrowers' spouses, especially those younger than 62. When the borrower sells the home or dies, the surviving spouse is then responsible for paying the loan in full or face eviction. Many seniors were [...]