Last Updated: 5/21/2009 11:37:18 AM Did you know you could be responsible for your parents' unpaid bills? Thirty states currently have laws making adult children responsible for their parents if their parents can't afford to take care of themselves. While these laws are rarely enforced, there has been speculation that states may begin dusting Read Full Article
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Last Updated: 3/6/2009 The American Recovery and Reinvestment Act of 2009, the $787 billion stimulus package that President Barack Obama signed into law February 17, 2009, includes a number of provisions that help the elderly in need as well as the economy. Here are the highlights: A one-time payment of $250 in the form Read Full Article
Last Updated: 12/2/2008 Roy Williams and Vic Preisser. Preparing Heirs: Five Steps to a Successful Transition of Family Wealth and Values. Robert D. Reed Publishers, San Francisco, CA. 2003. 182 pages. $19.77 from Amazon (click on book to order) If you have worked hard to accumulate wealth, you probably want to make sure your Read Full Article
Last Updated: 6/23/2009 2:24:07 PM Although you can begin receiving Social Security benefits anytime after age 62, the longer you wait, the higher the benefit you will receive. But many people need money right away and cannot afford to delay. If you are married, there is a strategy that may allow you to claim Read Full Article
Last Updated: 3/26/2009 Anthony Cirillo. “Who Moved My Dentures?” 13 False (Teeth) Truths About Long-Term Care and Aging in America. Warren Publishing. Cornelius, NC. 2003. 164 pages. $14.95 from Amazon (click on book to order). The general perception of long-term care facilities is of places to be avoided at all costs. This book is Read Full Article
Last Updated: 11/17/2008 By Sue Woodman The story is the same across the country: the combination of a tough economy, rising food and fuel prices, and strained social services are causing dramatically higher numbers of elderly to seek out free food programs. In big cities like New York, the numbers showing up for free Read Full Article
Last Updated: 4/20/2009 Along with many other changes, your insurance needs change when you retire. It is a good idea to look at your insurance options and figure out what you need or don’t need and where you might be able to achieve some savings. Life Insurance. Once you retire, you may no longer Read Full Article
Last Updated: 11/7/2008 By Mark Miller, RetirementRevised.com Barack Obama’s hair turned a little gray during his 20-month quest for the presidency but he’s hardly the only one showing some age. President-elect Obama will lead a country that is aging rapidly as the huge baby boomer generation heads toward retirement. By the year 2030, there Read Full Article
A 55-year-old individual considering a basic level of long-term care insurance protection — a $100 daily benefit and three years of coverage — can expect to pay $723 a year if married or $1,060 if single, according to the 2009 Long-Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Read Full Article
Last Updated: 6/27/2008 With the strict new health care privacy rules now in force, it’s more important than ever that everyone consider creating an advance medical directive that specifically names those persons who are entitled to access to health care information about them. Under the Health Insurance Portability and Accountability Act (HIPAA), which recently became effective, Read Full Article