Money and Finance

Elder Mediation Services

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  What Is Elder Mediation? It is amazing how quickly formerly cordial relationships between family members will sour when the family has to deal with care of elderly parents or inheritance at their death. Sometimes the consequence of dealing with the final years of elderly parents can break families apart and create long lasting animosity. […]

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How Seniors Get Taken for All They’ve Got

Money and Finance, Senior Living Leave a comment , , , ,

Think you’re too smart to fall for a scam? A new study says 1 in 18 “cognitively intact” older adults is taken in by financial fraud or abuse in any given year. Declining cognition is responsible for a 33 percent increase in susceptibility to a scam, but healthy adults are often victims, says Patricia Boyle, […]

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The Value of Life Insurance for the Final Years

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Life insurance for the final years of life is generally a good thing. A death benefit can be a very valuable resource for a surviving spouse. When one member of a couple dies, one of the social securities disappears — the smaller of the two. This leaves the survivor with less income. Sometimes, pension plans […]

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Caring for the elderly: Dealing with Resistance

Money and Finance, Senior Care Leave a comment , , , , ,

Caring for the elderly can be challenging — particularly if a loved one doesn’t want help. Understand what’s causing your loved one’s resistance and how you can encourage cooperation. One of the toughest challenges you can face when caring for the elderly is resistance to care. How do you help a loved one who doesn’t […]

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Will Medicaid Take Away Your Home?

Assisted Living, Money and Finance, Senior Care, Senior Living Leave a comment , , , , ,

Description of Medicaid Estate Recovery Federal law allows states to recover money spent on behalf of the Medicaid beneficiary after that beneficiary’s death. Recovery concentrates on what Medicaid considers an “estate.” For most purposes, the only estate asset remaining at death is the personal residence. Each state approaches recovery differently. In some states, recovery is […]

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How To Help A Senior Loved One Make Financial Decisions After The Death Of A Spouse

Money and Finance, Senior Living Leave a comment , ,

When a senior loved one loses their spouse or life partner, everything changes. Life as they’ve known it, possibly for decades, will never be the same. And yet, in the face of all that change and while dealing with their grief, they’ll be asked to make difficult financial decisions. Some of them, such as covering […]

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Recommended Reading for June 2018

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Before I Go  (Book and Workbook) By: Arie Korving Too often when someone becomes ill the family wonders about the lengths to which they will have to go during a final illness. After someone dies, those left behind wonder what to do about bills, income, insurance, and investments. “BEFORE I GO” is a comprehensive manual […]

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Best Things Seniors Can Get Free or Discounted

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Best Things Seniors Can Get Free or Discounted There are many benefits to getting older, but living on a fixed income can be a challenge. The good news is that so many places give seniors a discount, but often only if you ask. Deals change constantly, and sometimes a particular franchise owner gives a free […]

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How the New Tax Law Affects Older Adults

Money and Finance, Senior Care, The Choice Voice Leave a comment , , ,

Older adults have heard everything from how wonderful the new Tax Cuts and Jobs Act (TCJA) is going to be for them, to headlines assuring them a trip to tax Armageddon. The answer depends on your own circumstances, but there are ramifications for older adults as a group. Several key provisions of the bill shed light on […]

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Six Tax Tips for Your Tax Return Preparation

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Six Tax Tips for Your Tax Return Preparation Your New Year resolutions may have faded, but don’t forget about your financial well-being. Get organized and focused on your taxes for 2017 and plan for 2018 given the recent tax reform. Here are some tips to get ready to file, get the biggest refund you deserve, […]

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