Money and Finance

Face the Facts: Topics to Discuss Now with Your Aging Parents (Part 2 of 2)

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As we age and live longer, financial, legal, healthcare and long-term care issues affect families, not just individuals. This guide was created to help families “face the facts” about these important topics. This overview addresses some key areas of concern, suggested questions to ask, and ways in which families might initiate conversations about these often difficult […]

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The Golden Rule Becomes The Fiduciary Rule

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The Golden Rule Becomes The Fiduciary Rule New federal requirements could mean a different relationship between you and your financial adviser. “Do unto others …” is not only a good idea to maintain healthy relations with friends, neighbors, and acquaintances, it’s also at the heart of most of the world’s major religions. When it comes […]

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Finished at 50? Actually, Your Career Might Just Be Getting Started

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Finished at 50? Actually, Your Career Might Just Be Getting Started “Life starts at 66,” sang Udo Jürgens in his popular 1970s tune about retirement. While he would probably have to revise the age upwards by a few years now, the lyric title still seems relevant. Many developed economies are facing an inverted age pyramid: […]

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Are You Prepared to Handle a Personal Financial Crisis?

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Are You Prepared to Handle a Personal Financial Crisis? Many people who were once married or in a committed relationship are faced with managing finances alone at some point in their lives. Unfortunately, the first time many individuals experience handling complicated financial matters is during a personal crisis following the death or divorce of a […]

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4 Financial Mistakes Retirees Regularly Make

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4 Financial Mistakes Retirees Regularly Make Money woes can be one of the biggest impediments to a comfortable retirement for seniors. And, while no one sets out to run out of money, the medical expenses, mortgages and long-term care costs can quickly add up, draining even a careful retiree’s nest egg dry. The 2010 Wells […]

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What Should I Expect to Pay for Funeral and Burial Expenses

Caregiver Corner, Money and Finance, The Choice Voice Leave a comment , ,

What Should I Expect to Pay for Funeral and Burial Expenses A common goal among many aging seniors and their families is to put money aside for funeral and burial expenses. Most, however, are unsure how much to save and how prepared to be in the event of a death. It is certainly easier for […]

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How Elder Law Can Help You

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

How Elder Law Can Help You NCPC, September 18, 2015 | by Lynda Neuenschwander The specialty of Elder Law is becoming more important as our population ages. People are living longer, but in many cases, are not living better.  As a result, the need is growing for specialized legal advice about aging-related issues. First, let’s […]

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Is Medicaid Planning Ethical?

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Is Medicaid Planning Ethical? As in any area of consumer spending, knowing what to look for and what strategies to use in arranging for paid care services can often result in saving money. Some strategies such as Medicaid planning allow for preserving the home or relieving the pressure of spending retirement savings. Oftentimes a strategy […]

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Proposed Changes to Veterans’ Aid and Attendance Benefits

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Proposed Changes to Veterans’ Aid and Attendance Benefits The Veterans’ Aid and Attendance pension is an important benefit that many seniors receive to assist in paying for care.  Changes to the program are being explored which could make it difficult for families to receive this benefit in the future. According to the U.S. Department of […]

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Assisted Living Costs and the Recent Recession

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

Assisted Living Costs and the Recent Recession The Great Recession can be considered assisted living’s turning point, marking a pronounced shift from being primarily a lifestyle choice to primarily a needs-driven decision for consumers. “Ten to twelve years ago, assisted living was more lifestyle-driven,” says Allison Guthertz, Vice President, Quality Resident Services at Benchmark Senior […]

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