The prevalence of elder abuse is hard to estimate because it is underreported. However, according to the National Council on Aging, approximately one in 10 Americans age 60 or older have experienced some form of elder abuse— be it physical, emotional, psychological or financial.
Understanding the different treatment of gifts by the IRS, Medicaid and VA systems can ensure that property passes as expected.
The intent of the laws and regulations is to allow the community spouse to have enough income and assets, so that he or she has enough income and assets to continue to live at home, whether that be a home, an apartment, or other living place.
Seniors have to cut back on some important things just to afford health care.
Many senior citizens may need the services of a nursing home or at-home care at some point in their life. There are many reasons people
Inflation hurts everyone. It seems to reach every sector, product and business in one way or another, whether it raises the cost of heating your home, lunches or road trips. However, if you’re a retiree, you may be particularly worried about inflation because your spending habits and income sources might be disproportionately exposed to inflation.
If you’re a caregiver, part of your job may be to keep track of your loved one’s legal affairs. You probably know — or are learning — that it’s a big responsibility.
A Roth conversion involves liquidating assets in a tax-advantaged account like a traditional IRA or 401(k), paying taxes on the withdrawal, and then funding a Roth IRA. In the short run, investors will pay taxes (more on that below).
Learn the most important deadlines you or a loved one will have to keep in mind for Medicare.
Is there a difference between a “living will” and a “do not resuscitate” order?
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