Looking at the State of Retirement Savings
It is all over the media that nearly half of Americans aged 55 and older have no retirement savings in an individual retirement account (IRA) or 401(k) according to the federal Government Accountability Office (GAO). Also, while two out of five households do have a defined benefit plan (traditional pension), a full 29 percent of […]
How to Raise Elder Technology Adoption
You are a caregiver to your parent, but you live 4 hours away and can’t be there to help with everyday activities. Technology can help, but only if you and your parent(s) are able to understand and use it effectively. Each year in Las Vegas the Consumer Electronics Show offers new and innovative technology products. […]
Elder Law Attorneys Can Help the Whole Family
Many aging Americans depend on family members or friends to help manage their financial, health, and other affairs during retirement and beyond. They often believe that their family members will be able to take care of any issues that arise. While consulting with loved ones about plans and wishes can be beneficial, relying solely on […]
Does At-Home Care Reduce Hospitalizations?
The US Department of Health and Human Services (HHS) projects the number of Americans in need of long-term care (LTC) by 2020 to be roughly 12 million with nearly half those seniors exhibiting some form of dementia. According to Forbes.com, about half of all long-term care insurance claims are from policyholders living with dementia. The […]
Going Deaf May Cause Depression
The findings from a ten-year study by the Journal of the America Medical Association (JAMA) reports of a link between hearing loss and health risks. The risks include a 50 percent greater risk of dementia, a 40 percent greater risk of developing depression and nearly a 30 percent higher risk for unintended falls. Reuters Health […]
The Problem with Gift-Giving on Medicaid
Mabel’s children were concerned that Mabel would need long-term nursing-home care in the near future. It was the holidays, and Mabel always got a lot of joy out of generosity. But her children had heard that people in Mabel’s circumstances should not give gifts. The concern is real. For Medicaid to cover the huge expense […]
The Aging Middle Class Has Been Forgotten
As we age, simple things we took for granted as kids become more difficult — and more expensive. That’s a truth all of us know. What you may not realize is that the aging middle class will face unique difficulties going forward. The private market offers options for assisted living, but at a price too […]
Challenges with Aging in Place
According to AARP aging in place is a goal for 3 out of 4 Americans aged 50 or more. These seniors and near seniors are willing to employ alternative solutions to facilitate this. The alternatives include home-sharing (32%), building an additional or accessory dwelling unit (31%) and locating into villages that provide services which enable […]
Resident Security Upgrades for Senior Living Facilities
Technology is a rapidly changing industry. Advances in technology bring are constantly changing the way we live our lives and seniors are no different. There are a variety of new options emerging in security technology that can improve resident security in senior living. Many things that have long been used in security for senior living […]
How to Avoid These Common Online Scams
The online world is rife with scams, and the number of people in the online world makes it a target-rich environment for scammers. Seniors and near seniors should be aware of some of the more common attacks aimed to gain access to your money as well as identity. If you have social media accounts, email, […]