Survey Highlights High Costs of Long-Term Care in 2023

You may not foresee ever needing assistance with your day-to-day life. However, research shows that seven in 10 adults aged 65 and older will require long-term care at some point in their later years. Meanwhile, the U.S. population continues to age rapidly. Americans...

Seniors and Caregivers: Establish an Emergency Action Plan

For seniors and their caregivers, having a plan in place should an emergency strike can provide some peace of mind in a turbulent world. A crisis, such as illness, trauma, natural disaster, or any other unexpected adverse event, may one day require you to act quickly...

Getting Medicare Disability Coverage When You Are Not Yet 65

Medicare is the federal health insurance program for older adults and people with disabilities, including certain chronic conditions. According to the Center for Medicare Advocacy, more than 65 million individuals participate in the program. Disability and Medicare...

Social Security Benefits as We Age

As individuals age, Social Security benefits can become an essential source of income. Here’s how Social Security benefits typically work as people age: Early Retirement: Individuals can begin receiving Social Security retirement benefits as early as age 62,...

11 Questions to Ask an Elder Law Attorney

Elder law encompasses a wide range of legal matters that affect older individuals. Attorneys who practice elder law advocate for seniors and execute legal plans to assist them in living better lives. Their expertise may encompass estate planning, as well as planning...

How to Plan Ahead Before Seeking Nursing Home Care

Many seniors may need the services of a nursing home or at-home care at some point in their lives. You might assume that government assistance or health insurance will step in and cover the cost if you can’t afford these services. Unfortunately, neither health...

Older Adults Are Failing at Retirement Planning, Study Shows

Research by the American College of Financial Services sheds light on the need for improvements in retirement financial literacy. The 2023 Retirement Income Literacy Study revealed that most adults ages 50 to 75 lack knowledge about retirement income. With this lack...

HUD Housing Programs That Support Aging in Place

Ninety-three percent of adults 55 and older want to remain in their homes as they age, according to U.S. News & World Report. “Aging in place” involves growing old comfortably and safely in one’s dwelling. As adults age, they may want to remain in their homes and...

How Much Can You Give Away and Still Qualify for Medicaid?

To be eligible for Medicaid, you cannot have recently transferred assets. Congress does not want you to move into a nursing home on Monday, give all your money to your children (or whomever) on Tuesday, and qualify for Medicaid on Wednesday. So, it has imposed a...