Category Archives: Senior Advice
3 Tips for Siblings Caring for a Senior Parent
Sharing care among siblings is a reality for millions of Americans. By encouraging good communication and assisting one another as much as possible, the demanding job of caring for senior parents may be a pleasant, rewarding experience that draws siblings closer together. According to the old adage, many hands make light work, which is… Read More »
Baby Boomers are Making These 5 Common Estate Planning Mistakes
The baby boomer generation reaches from the early 1950s to mid-1964 and is sometimes known as the “greatest generation.” Approximately 76 million people born during this period are referred to as boomers. Boomers are typically diligent, take vacations, are fiscally conservative, and avoid taking chances. Unless it’s an age 65 Medicare-eligible birthday party, they… Read More »
Seeking Guardianship of your Aging Parents
It’s never easy to watch a parent age, and if you’re considering seeking guardianship for them, there are a few things you need to know. We all know that as we get older, our health can start to deteriorate. The symptoms may be slow and subtle at first, but it can become harder and… Read More »
Tax Provisions & Coronavirus Relief w/ the “CARES” Act
During these past few months, many individuals are understandably confused by some of the new regulations as well as the coronavirus relief programs available for COVID-19. We’ve seen an ongoing discussion within the media and elsewhere about the Paycheck Protection Program (“PPP”), in addition to the Economic Injury Disaster Loan (“EIDL”) program for businesses,… Read More »
COVID-19 and Your Health Care Directive
An advance health care directive is a legal document that communicates your individual healthcare treatment inclinations (the “living will” portion) but we also recommend that you designate a healthcare “proxy.” Such a proxy, which is often referred to as a healthcare “agent”, is a person who you can appoint to make decisions on your… Read More »
Ready to Retire? Consider These 3 Retirement Tips
To protect yourself from some of life’s unexpected surprises, we’ve detailed several retirement tips you can use ahead of your decision to stop working. Starting at 10 years prior to your last day of work, five years before, and then one year prior to your retirement date. Some of the biggest threats to your… Read More »
Hackers are ramping up attacks on financial accounts
The idea of losing your life savings to hackers is terrifying — and it’s why an increasing number of folks are choosing not to consolidate their retirement assets, even if that move could be financially savvy for them. One particular couple had already been the target of identity theft in the past, then it… Read More »
Senior Loneliness has Become a Major Issue
A new body of evidence has accumulated just last year showing that senior loneliness has now become an epidemic in our country. Aging adults certainly aren’t immune from this epidemic. In fact, many aging seniors are experiencing loneliness at much higher rates than expected. AARP released a survey in 2019 indicating that over 42… Read More »
Check in on Elderly Loved Ones During Holidays
With the Holiday season now underway and many families getting together, you might consider this as a unique opportunity to check on your elderly loved ones wellbeing. While we’d all prefer to use these meetings to devote this valuable social time to connecting and catching up with relatives, you might consider using a small… Read More »
Elder Care: 3 Ways to Help Your Family Pay
Medicare is the federal health insurance program offered by our government to help older adults pay for doctor or hospital bills when they are having trouble financially. Nevertheless, it won’t cover everything. Long-term elder care tasks which help daily living activities such as bathing, dressing, and eating, are not covered under the plan. Unfortunately,… Read More »