In a new fiscal year 2025 budget, policymakers call for raising the Social Security retirement age. The proposal is the latest to target the largest program in the federal budget — and the largest income source for many retirees. It comes as the Social Security Administration released a report showing that, if Congress does nothing […]
What Raising the Social Security Retirement Age Would Mean Read More »
In recent years, researchers have been finding potential links between feelings of loneliness and negative health outcomes. Feeling lonely may put you at greater risk of premature death, serious health problems, and higher suicide rates. For many, the COVID-19 pandemic made social isolation even more difficult to avoid. In 2023, the United States
The Loneliness Epidemic: Helping Seniors Stay Connected Read More »
Many adult children wonder what their aging parents may need and how can they can help provide it for them. You may constantly worry about your parents or other older loved ones, especially if you live far away from them. You can, however, take some simple steps to ensure your parents are safe as they
Aging Care: 6 Tips for Caring for Elderly Parents Read More »
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
Avoiding Property Tax Foreclosures for Older Adults Read More »
Are you a taxpayer who has purchased long-term care insurance (LTCI)? Take note of your policy details and your premium amount, as you may be able to deduct the cost – or at least part of it – from your 2023 income. If your total eligible medical expenses (including your LTCI policy premium) for the
Deducting Long-Term Care Insurance Premiums in 2023 Read More »
The Senate and House have cleared the passage of a year-end $1.7 trillion appropriations bill that will benefit older adults on a number of fronts. The bill, which runs more than 4,000 pages and includes a wide variety of legislation, heads to President Biden next for his signoff. Here is a breakdown of some of
Highlights of How the Omnibus Bill Will Benefit Older Adults Read More »
It has been a tumultuous few years. Amid a continuing pandemic, tense midterm elections, and a war in Ukraine, we have grappled with more than our fair share of grim news. However, with the new year upon us, there are some silver linings — in particular for seniors. Here are five reasons for seniors to
5 Reasons for Seniors to Celebrate in 2023 Read More »
For families seeking nursing home care for a loved one, getting information on what a nursing home is truly like or who owns it is easier said than done. Many rely on word of mouth, referrals, or recommendations. Others must depend on their gut instincts and site visits as part of their decision-making process. Family
Now You Can See More Data Before Choosing a Nursing Home Read More »
It’s no secret that health care remains one of the biggest expenses facing American retirees. Coverage through Medicare, Medicaid, or another insurer will help mitigate these costs to some extent. Yet retirees still tend to pay tens of thousands of dollars for health care over the course of their retirement years. A recent analysis estimates that retired
Insured Retirees Paying Tens of Thousands for Health Care Read More »