Saving for retirement
Summary Deciding on how to invest, and in what types of accounts, can be challenging for people. This article gives a broad overview of the types of investment accounts available. It offers factual information on tax consequences and distribution benefits, but it does not offer investment advice. Consult with your financial investment advisor to determine […]
Getting financial assistance
Summary With fixed incomes, many older adults struggle to keep up with expenses. Fortunately, there are resources available to assist them, from housing and transportation to daily food benefits. This article offers information on some of the programs available to help older adults pay for everyday expenses. NCOA “Benefits CheckUp” website With fixed incomes, many […]
Senior discounts
Summary Every penny counts for older people on fixed incomes, so taking advantage of the discounts offered can cut regular expenses and free up funds for savings. This article includes information on how to take advantage of senior discounts, and an overview of the types of discounts to be on the lookout for. Don’t be […]
Mortgages
Summary There are many different mortgage products available to borrowers of all ages. This article describes some reasons for getting a new or different mortgage. It then covers the most common mortgages available, from standard 30-year fixed loans to asset depletion mortgages, refinancing, lines of credit, and more. Why do people get a new or […]
Paying for long-term care
Summary Navigating who pays for and how to pay for long-term care can be one of the most frustrating experiences for caregivers. This article explains several options for determining how best to pay for long-term care, and includes links to government resources and other providers to help meet your individual needs. Medicare Navigating who pays […]
Moving
Summary Moving is one of the most stressful life events, and it can be especially so for older people who have been in one home for a long time. With proper planning, though, moving can be less stressful, and sometimes even offer relief from a too-crowded or too big home. This article offers advice for […]
Long-term care planning
Summary Almost two-thirds of individuals in the United States will need some sort of assistance with daily activities as they age, but too many people leave the planning of long-term care until the need is immediate. This article offers recommendations for things to consider and questions to ask in advance when you are planning for […]
Living arrangements
Summary When planning for an older person’s future, one of the greatest considerations is living arrangements. Where they will live, who they will live with, and how they will live are some of the most important decisions to make. This article outlines some of the most common options for living arrangements for older adults. Aging […]
Having the long-term care talk
Summary Discussing long-term care plans and options for a person’s later years can be a challenge. However, having an open, honest conversation can provide clarity and reassurance to you and your loved one. This article offers tips on how to broach the subject and how to have a productive conversation. Be prepared Discussing long-term care […]
Dealing with financial challenges
Summary Living on a fixed income, coping with rising expenses, and dealing with debt can be a tremendous burden on older adults. This article discusses some of the most common challenges faced by older adults, and offers advice for how to help them cope with these difficulties. Medical bills Living on a fixed income, coping […]
