One of the most challenging aspects of caring for your aging parents is taking control of their finances or assisting them with financial choices. The decision can be a difficult one and following through may be even more complicated, especially if your parents don’t agree. Understanding the Issues of Caring for Seniors Sometimes it may Read more >>
Once someone retires, they may have limited financial resources. Even with a nice retirement fund built up over the years, care must be taken to manage to ensure an adequate income. Anyone living on a tight budget can find it difficult to afford unexpected expenses. However, it’s possible to live well on a fixed income. Read more >>
It’s probably no surprise to you that paying for care can be very expensive. When providing caregiving support, you may even find that you are paying many of your loved one’s medical bills out of your own pocket. A Medicare supplement plan, also known as Medigap insurance, can fill the gaps left by traditional Medicare. Depending on Read more >>
Most US seniors rely on Medicare. As a caregiver, a deeper understanding of this coverage will not only help you save money by eliminating costly surprises, but it will also help you guide your loved one to an informed decision about additional health coverage. Here’s a Look at What You Should Know about Medicare and Read more >>
Moving your aging loved ones into your home can cost much more than you would expect. More than half of the 34 million Americans caring for aging parents must do without items or services they need in order to handle the financial responsibilities of that care, according to AgingCare.com. In some cases, even grandchildren must Read more >>
Personal finance is an important consideration at any age, but it’s a particularly difficult one for adult children to discuss with their aging parents. So it’s no surprise that, according to a recent report from Fidelity Investments, although as many as 94 percent of adult children agree that it’s vitally important to fully discuss personal finance Read more >>
Today, seniors are staying healthy and active — and living longer — than ever before. It’s no wonder that as many as 90 percent are hoping to remain independent and in their own homes, according to a report from the National Conference of State Legislatures and the AARP. The risk of illness or an accident such Read more >>