When It’s Time To Designate a Power of Attorney
One of the biggest questions we may ask ourselves is who we should trust to manage our financial and healthcare decisions when we no longer have capacity to do so ourselves. This is a tough question for some because designating a power of attorney (POA) is a decision of trust, something not to be taken […]
Health is Wealth (Even the Government Agrees)
If you are one of the millions of Americans looking for ways to improve your health this year, you’re not alone. The U.S. Department of Health and Human Services recently released their updated Physical Activity Guideline for Americans. According to the latest guidelines, adults should include the following in their fitness routines: Aerobic exercise Strengthening […]
Being a Caregiver for Others…and Yourself
Every year, millions of Americans find themselves in situations where they become much-needed caretakers for members of their family. For example, adults may find themselves needing to take care of aging parents, or grandparents may need to step in and take care of their grandchildren. These situations may arise unexpectedly and feel strange and scary. […]
Points to Discuss with Your Aging Parent
Your parent is getting on in age, but you don’t have a clear idea if there is a plan in place for their care. It is a difficult topic to broach; no one wants to talk about death and the financial realities that come with aging. Instead of having a proactive conversation early in a […]
Artificial Intelligence and Aging
Artificial intelligence is here and senior technology is taking advantage. We have an ever-aging population and they are in need of consistent and competent health aides. In the United States, the healthcare industry employs over 4.5 million nursing aides and orderlies and home health aides and personal care aides. But it will not be enough […]
When It’s Okay To Take Your Social Security Benefit Early
Are you thinking about taking your social security benefit earlier rather than later? Contrary to popular myth, receiving your social security benefits earlier will not reduce the overall amount of your benefit over time. Your monthly payment may be smaller than if you had waited, but the amount paid to you overtime will be the […]
New Law Makes it Easy to Report Elder Financial Abuse
The Economic Growth, Regulatory Relief, and Consumer Protection Act was signed into law on May 24, 2018. There are a few important factors of the Act to keep in mind: There is a section in the Act that was once a stand-alone bill from Sen. Susan Collins (R-Maine)– designed to encourage elder (age 65 and […]
Prenups: Not Just For Movie Stars
George and Ginny had a great marriage, with an extended family to whom they wanted to leave everything when they passed. Unfortunately, Ginny was then diagnosed with cancer. She began to worry: What could happen if she died before George did, and George remarried? Or vice versa? What if the second spouse started pushing to […]
Help for Seniors Who Fall Victim to Abuse
In October 2017, President Trump signed into law the Elder Abuse Prevention and Prosecution Act. This bill was designed to combat the growing epidemic of the elderly being taken advantage of financially and abused physically. A study conducted by the National Council on Aging indicates that approximately 1 in 10 Americans aged 60 or older […]
