Wellness and affordable solutions are at the core of a new era of senior consumption. Improving and maintaining greater physical and mental health lifestyles through proactive and preventative measures is increasing. For seniors to thrive and flourish in retirement, technology…
There are astronomical costs associated with nursing home care if you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet if…
Adults with developmental disabilities who are unable to make important decisions or care for themselves in adulthood are usually placed in the care of a guardian or conservator. Establishing a legal guardian is the job of the court, which appoints…
There is nothing more American than owning a home. Homeownership is a valuable and significant possession that most people work hard for all their lives. So when health begins to fail and the need for long-term care arises, we often…
This year, more than seventy million people who depend on Social Security benefits will experience critical changes. Inflation continues to increase daily living costs with higher costs for gasoline, food, utility, rent, and mortgages. Yet real wages have been stagnant…
Wills and trusts are usually associated with estate planning and passing assets to future generations. However, there is another part of estate planning that doesn’t get as much attention. It concerns advance health care planning. Have you thought about what…
The living will is a legal document that describes your medical preferences if you can’t make those decisions for yourself. Incapacity can happen for many reasons, including an accident, an illness rendering you too sick to communicate, dementia, anesthesia, a…
As banking and bill-paying become more challenging as one age, incapacitation by accident or sudden disease can occur to anyone at any age, creating the same difficulties. Incapacity is not just about mental cognition, accident, or illness. You may have…
There are three distinct phases to living in a continuing care retirement community (CCRC). The first is independent living when a resident enters into the community with few if any disabilities requiring limited assistance. In this phase of independent living,…
An annuity is a financial product that pays a fixed amount of money every year throughout the life of the annuitant. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts…