Is the Government’s COLA Tool Flawed?
A non-partisan advocacy group called The Senior Citizens League (TSCL) has a new analysis that asserts the federal government measuring tool to calculate the Cost-of-Living Adjustment (COLA) is flawed. The decrease in social security benefit monies that are paid to seniors is eroding their financial protection against rising costs. Changes in the COLA is tethered […]
Making Sure Your Wishes Are Carried Out
The importance of making end of life preparations cannot be stressed enough. Many put off making these plans thinking there is always time. The sad reality is that none of us are guaranteed time. Others may be bothered by the thought of death itself and allow this to paralyze them when it comes to making […]
Probate: Top 3 Tips for Executors
Your loved one has passed away. Now you find out they named you as Executor of the Will. In what is already a stressful time, a million thoughts pop into your head. How long will the probate take? Am I facing any legal liability? Can I receive payment for my services? Here are the top […]
Estate Planning: Benefits of a Team Approach
Who’s On Your Team? Estate planning is not just about what happens to your stuff when you die. It is about coordinating all aspects of your life so (i) you can be taken care of during times when you are unable to care for yourself, and (ii) your money and property are distributed to the […]
The Hidden Impact of Alzheimer’s Costs
When policymakers consider the costs of dementias like Alzheimer’s disease, they consider both direct and indirect costs. Direct costs, in this instance, are the medical and social/non-medical care costs related to dementia; on average, expenses included $273 per month spent on medical supplies according to a 2018 study on the costs of dementia care. Indirect […]
Myths We Tell Ourselves About Estate Planning
Myths We Tell Ourselves About Estate Planning Estate planning can be a very difficult process. While it’s not brain surgery, making the decision to move forward with the planning requires us to face the fact that we will not live forever. This thought can stop many people right in their tracks. Others talk themselves out […]
Aging is Better Than Ever
Aging is the sign of a successful life. After all, when you think about the alternative to aging your perspective about getting older shifts. You should start seeking self-sufficiency for your retirement years well before the age of sixty-five. But, even if you have not done so, don’t shun the planning stages. You need to […]
Older Adults at Risk for Identity Theft
The largest coordinated sweep of identity fraud involving US seniors has recently been conducted. The US Department of Justice has reported that more than one million elderly people have collectively lost hundreds of millions of dollars because of this targeted financial abuse. The Department has criminally charged 200 out of 250 defendants identified in the […]
Staying Mentally Sharp as You Age
Age comes with wisdom. Unfortunately, it also comes with some forgetfulness. Fortunately, there are things you can do to keep the brain sharp, small daily habits which can reduce the risk of cognitive decline. Exercise is one such daily habit. It increases blood flow, and thus oxygen to the brain; it also protects brain cells […]
Your Guide to Age Discrimination
Age discrimination in the workplace is a problem that has been addressed by lawmakers since the 1960s but continues to be a serious problem. According to study.com, age discrimination is defined as “the practice of letting a person’s age unfairly become a factor when deciding who receives a new job, promotion, or other job benefits. […]