Promoting Healthy Aging During Financial Literacy Month

As April marks Financial Literacy Month, it is an excellent time to start improving your financial literacy. Gaining financial savvy can help you handle the challenges and complexities of aging. Although sometimes overlooked, financial literacy is a critical component of aging well. It promotes economic freedom, helping you afford care and housing as you grow older.… Continue reading Promoting Healthy Aging During Financial Literacy Month

Older Adults Are Failing at Retirement Planning, Study Shows

Research by the American College of Financial Services sheds light on the need for improvements in retirement financial literacy. The 2023 Retirement Income Literacy Study revealed that most adults ages 50 to 75 lack knowledge about retirement income. With this lack of knowledge came a lack of confidence about achieving the best possible retirement outcomes. Just 15… Continue reading Older Adults Are Failing at Retirement Planning, Study Shows

Medicaid Spend Down: Pay for More Than Just Medical Bills

Since the 1960s, Medicaid has provided health care coverage for low-income people across the United States. For millions of seniors, Medicaid offers financial assistance, helping them to cover the cost of long-term care services. Today, this joint federal-state program also benefits other qualifying populations with limited income, including children and people with disabilities. Qualifying for Medicaid… Continue reading Medicaid Spend Down: Pay for More Than Just Medical Bills

Older Adults Are Failing at Retirement Planning, Study Shows

Research by the American College of Financial Services sheds light on the need for improvements in retirement financial literacy. The 2023 Retirement Income Literacy Study revealed that most adults ages 50 to 75 lack knowledge about retirement income. With this lack of knowledge came a lack of confidence about achieving the best possible retirement outcomes. Just 15… Continue reading Older Adults Are Failing at Retirement Planning, Study Shows

Who Does a Probate Attorney Represent: Executor or Heirs?

In estate planning, the executor, or personal representative, is responsible for managing the administration of the estate after an individual passes away. An executor may be a person or an institution. Their duties include applying for probate and ensuring that the heirs receive assets according to the deceased person’s wishes. When an estate needs to… Continue reading Who Does a Probate Attorney Represent: Executor or Heirs?

Avoiding Property Tax Foreclosures for Older Adults

If you are a homeowner who is falling behind on your real estate taxes, you may end up facing foreclosure on your property. Because your property taxes hinge on the value of your property, you may find your taxes rising beyond what you can afford. Before your situation becomes more serious, be sure to educate… Continue reading Avoiding Property Tax Foreclosures for Older Adults

A Useless Power of Attorney: Avoid Free Legal Documents

A power of attorney designates a trusted individual to make decisions or conduct transactions on your behalf. They could be related to personal finances, business operations, or medical needs and used for a single immediate purpose or an ongoing situation. This may sound pretty straightforward. You might be tempted to download a free form to… Continue reading A Useless Power of Attorney: Avoid Free Legal Documents

Which States Have the Best Protections Against Elder Abuse?

The United States Census Bureau predicts that the nation’s population of older adults nationwide will have doubled from 49.2 million in 2016 to 94.7 million in 2060. As the population grows as well as ages, elder abuse remains a significant concern. According to the U.S. Department of Justice, 10 percent of older adults experience some form of abuse… Continue reading Which States Have the Best Protections Against Elder Abuse?

Avoiding Property Tax Foreclosures for Older Adults

If you are a homeowner who is falling behind on your real estate taxes, you may end up facing foreclosure on your property. Because your property taxes hinge on the value of your property, you may find your taxes rising beyond what you can afford. Before your situation becomes more serious, be sure to educate… Continue reading Avoiding Property Tax Foreclosures for Older Adults

Medicaid Planning Protects Your Home

Your most valuable property may be your home, which is true for many people. You likely want your children to inherit that value when you pass away. However, you may also have concerns about planning for the future, especially if your health declines and you need expensive long-term care. You may be aware that Medicaid can pay for these services. However, Medicaid rules… Continue reading Medicaid Planning Protects Your Home

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